August 15 Options Data 39,000 BTC options expired, with a Put Call Ratio of 0.95, a Maxpain point of 118,000, and a notional value of 4.6 billion. 280,000 ETH options expired, with a Put Call Ratio of 1.04, a Maxpain point of 4,000, and a notional value of 1.3 billion. BTC hit a new high this week, while ETH reached its all-time high near 4,800, with market sentiment extremely optimistic. This week saw nearly 6 billion in options expirations, accounting for 9% of the current total open interest. On Thursday, Deribit processed 10.9 billion in options trading in a single day, setting a new milestone on its first trading day after being acquired. Looking at the main options data, in terms of implied volatility, BTC's IV remains low, with short- and medium-term IVs remaining below 35%, while ETH's main term IV remains as high as 70%, matching the current potential volatility expectations for ETH. There have been many block trades recently, with a large number of bullish and bearish block trades, and the options market has begun to show obvious differences. Currently, buying 4800/5000 bull spreads is very cost-effective.(Greeks.live)