Deribit Options Market Report: 0708 - Wide straddle combination
After more than two months of sideways trading, Bitcoin has become smaller and smaller. Judging from the options market data, more and more large transactions are executed in the form of wide strangle combinations (Strangle), through which traders can bet on the coming of large fluctuations. Because the straddle combination (Straddle) is too expensive, it has to bear a high loss of time value (Theta). Some traders look forward to the coming of Bitcoin volatility, but are unwilling to suffer too much loss of time value, so the wide straddle is a good choice.
secondary title BTC historical volatility 7d 26.45% 14d 23.34% 30d 36.15% 60d 56.28% 1Y 85.00% ETH Historical Volatility 7d 47.92% 14d 44.61% 30d 51.35% 60d 67.02% 1Y 103.50% 【BTC Options】 The open interest is 919 million US dollars. Today: 1m 53%, 3m 65%, 6m 71% Implied volatility for each normalized term: Today: 1m 53%, 3m 65%, 6m 71% 7/7：1m 53%, 3m 65%, 6m 72% Skewness: Skewness: Today: 1m +3.1%, 3m+3.6%, 6m +3.7% 7/7：1m +2.6%, 3m +3.9%, 6m +4.5% The skew of each term is concentrated around +3.5%, which shows that the long-term sideways market makes everyone's price preference for call and put tend to be neutral. Put/Call Ratio position ratio is 0.52. Judging from the changes in open interest, some out-of-the-money options expired yesterday, and short- and medium-term option transactions are relatively active. Recently, some people are buying short-term options in a cycle. 【ETH Options】 The open interest is 146 million US dollars, and the open interest is stable. Each standardized period IV: Each standardized period IV: Today: 1m 56%, 3m 68%, 6m 75% 7/7：1m 57%，3m 68%，6m 75% Skewness: Skewness: Today: 1m +4.5%, 3m +10.1%, 6m +5.6% 7/7：1m +1.1%, 3m +7.7%, 6m +6.8% The skew of ETH has all returned to positive values, and the posts are very close, and a large number of new players seem to be entering the market.ETH Historical Volatility
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【ETH Options】
