According to reports, on June 13th, 28,000 BTC and 244,000 ETH options will expire, with notional values of $2.93 billion and $620 million, respectively. The maximum pain points are $106,000 and $2,650.
As Israel's airstrikes on Iran trigger risk-averse sentiment, market volatility is noticeable before delivery. BTC implied volatility remains low, while ETH rises significantly, providing more room for volatility strategy operations. This week's volatility risk premium is high, indicating extremely low market volatility, with major funds increasing their holdings in put options, entering a defensive phase.
