20000 BTC options expire today, with a nominal value of $1.6 billion Odaily Daily News Adam@Greeks.live On the X platform, it was announced that 20000 BTC options will expire on May 8th, with a put call ratio of 0.73 and a maximum pain point of $79500, with a nominal value of $1.6 billion; 182000 ETH options have expired, with a put call ratio of 0.93 and a maximum pain point of $2350, with a nominal value of $410 million. Bitcoin rose from $75000 to $82000 this week, and then fell back last night. The main term options and short-term realized volatility RV remained unchanged from last week, with a slight increase in short-term RV. The implied volatility IV of Bitcoin's main short-term term is around 35%, while ETH's main short-term term IV is around 50%, with a slight decrease in both the medium and long term. The main option data shows that Skew is relatively stable and slightly rising, and the market directional sentiment remains neutral. Only 5% of options expired this week, with extremely low option activity and futures trading volume reaching a historic low. At the end of May, there were about 20% positions held, and at the end of June, there were about 30% positions held, with relatively inactive bulk trading. Adam@Greeks.live It is stated that Bitcoin performed well in terms of price and popularity in the second quarter of this year, but the overall market heat is still sluggish. Currently, the main focus is on Bitcoin, and the layout of some medium - and long-term options is reasonable. The layout of some high-quality altcoins also seems to be cost-effective.