June 28 BTCÐ Options Data
107K BTC options are expiring with a Put Call Ratio of 0.5, a Maxpain point of $57,000 and a notional value of $6.6 billion.
1.04M ETH options are expiring with a Put Call Ratio of 0.59, Maxpain point of $3,100 and notional value of $3.6 billion.
Today is quarterly delivery, with over $10 billion in notional value of options expiring. June has been a tough month for the crypto market, with a more pessimistic atmosphere as BTC and ETH prices at one point approached the Maxpain point, which investors thought was impossible to reach.
Despite the volatility in the market, the IV of BTCÐ did not show a significant rise, with BTC below 50% IV for all major terms and ETH below 60% IV for all major terms, both at low levels.
The ETH ETF will have clearer news early next month, and the IV will be under strong downward pressure for a few days after today's delivery, so it will be a cost-effective option to buy some call options while the IV is low.
1.04M ETH options are expiring with a Put Call Ratio of 0.59, Maxpain point of $3,100 and notional value of $3.6 billion.
Today is quarterly delivery, with over $10 billion in notional value of options expiring. June has been a tough month for the crypto market, with a more pessimistic atmosphere as BTC and ETH prices at one point approached the Maxpain point, which investors thought was impossible to reach.
Despite the volatility in the market, the IV of BTCÐ did not show a significant rise, with BTC below 50% IV for all major terms and ETH below 60% IV for all major terms, both at low levels.
The ETH ETF will have clearer news early next month, and the IV will be under strong downward pressure for a few days after today's delivery, so it will be a cost-effective option to buy some call options while the IV is low.
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