Quarterly Options Expiry Approaches With Significant IV Decline

According to BlockBeats, on September 25, Greeks.live researcher Adam shared on social media that the upcoming Friday will see the quarterly options expiry. There has been a noticeable decline in implied volatility (IV) across major maturities. Currently, Bitcoin's (BTC) quarterly options account for 33% of the total open interest, while Ethereum's (ETH) quarterly options make up 38%, indicating a relatively small quarterly expiry. Recently, there has been a significant volume of large-scale put options transactions, likely indicating a rollover of positions. The next quarter encompasses the U.S. presidential election, introducing substantial uncertainty. However, the overall level of implied volatility remains low, with less than 30% of the past year seeing lower levels than the current one. Whales are actively positioning for the next quarter, particularly around the election period, with trading activity notably high.