BTC Options Dominate with 33% Position Ahead of Quarterly Delivery, Low Volatility Amid US Election Uncertainty

On September 25, a researcher from Greeks.live, Adam, announced on social media that the upcoming quarterly delivery is scheduled for this Friday, with the implied volatility (IV) of each major term having dropped significantly. Notably, the current BTC option positions for this quarter represent 33% of the total positions, while ETH options account for 38%—reflecting a relatively modest quarterly delivery. In recent times, there has been a surge in large put option transactions, highly likely indicating a strategic shift in positions. The next quarter will encompass the US election, introducing a layer of uncertainty, although the overall implied volatility remains low. Over the past year, the implied volatility level has been below the current figure for less than 30% of the time. Major investors are strategizing for the next quarter, particularly with the elections on the horizon.