【June 27th Options Expiration Data】

139,000 BTC options expired, Put Call Ratio is 0.75, maximum pain point is $102,000, nominal value is $15 billion.

939,000 ETH options expired, Put Call Ratio is 0.52, maximum pain point is $2,200, nominal value is $2.29 billion.

Today marks the mid-year quarterly expiration, with over $17 billion in options expiring, accounting for more than 30% of the current open interest. Due to the large number of options expiring, there has been a significant amount of bullish trading in the last two days, with $1.4 billion in large bullish trades executed in the last 24 hours, almost all of which are rollovers.

From the main options data, in terms of implied volatility, BTC's IV remains low, with medium to short-term IV entirely below 35%. ETH's IV has slightly retreated but is still as high as nearly 65%. The recent 30% IV differential has persisted for several days, indicating ample room for cross-asset volatility strategy operations.