"Over $3.6B in BTC and ETH Options Expire as Market Stays Calm Post-Quarterly Settlement" ⚡🔥📔
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• 🔥 Greeks.live macro researcher Adam shared key insights on X regarding the July 4 options expiry, as reported by Odaily.
• ⚡A total of 28,000 BTC options expired, reflecting a Put/Call Ratio of 1.07, with the maximum pain point sitting at $106,000, and a notional value of approximately $3 billion. At the same time, 237,000 ETH options also expired, carrying a Put/Call Ratio of 1.25, a maximum pain level of $2,500, and a notional value of around $600 million.
• 🪐This marks the first expiration event following the quarterly settlement, and overall, the market has maintained a steady tone. Interestingly, investor focus has recently shifted toward the tokenization of U.S. equities, causing a temporary diversion of attention from the crypto sector. Despite Bitcoin hitting fresh highs, the broader market sentiment has remained largely unaffected.
• 💻Looking deeper into the options metrics, BTC’s implied volatility (IV) remains suppressed, with short to mid-term IV levels holding below 35%. On the other hand, ETH’s implied volatility has also eased slightly, now trending under 60%. These conditions continue to support opportunities for cross-asset volatility strategies.