June 27 Options Data 139,000 BTC options expired with a Put Call Ratio of 0.75, a Maxpain point of 102,000 and a notional value of 15 billion. 939,000 ETH options expired with a Put Call Ratio of 0.52, a Maxpain point of 2,200 and a notional value of 2.29 billion. Today is the mid-year quarterly delivery, with over 17 billion in options deliveries, accounting for over 30% of the total current position, and because of the large number of options expirations, there has been a lot of Block call trading over the last two days, with 1.4 billion of mass calls traded over the last 24 hours, almost all of which were moved. From the main options data, implied volatility, BTC's IV is still hovering at a low level, short and medium term IV is below 35% across the board, ETH's IV has fallen back slightly but is still as high as nearly 65%, and the recent 30% IV difference lasted for a few days, there is more room for volatility cross-currency strategy operations.