According to reports from Wu, 139,000 BTC options are set to expire, with a Put Call Ratio of 0.75 and a maximum pain point of $102,000, representing a notional value of $15 billion. 939,000 ETH options are set to expire, with a Put Call Ratio of 0.52 and a maximum pain point of $2,200, representing a notional value of $2.29 billion.
From the main options data, the implied volatility (IV) of BTC remains low, with medium to short-term IV fully below 35%. The IV of ETH has slightly retreated but is still as high as nearly 65%. The recent 30% IV spread has lasted for several days, providing considerable room for cross-coin volatility strategy operations.
