Deribit Options Market Report: 0720 - Main Trading Range
Spread has always been a difficult problem for option traders, especially for out-of-the-money options. Spread is an issue that must be considered in trading. Generally speaking, the point difference in the main trading price area is relatively small. For example, the current price of Bitcoin is around 9150. Generally, the price difference between buying and selling in the price range of 8500 to 9500 is actually within 3%, which is a good choice for traders. acceptable range.
secondary title
ETH Historical Volatility
BTC historical volatility
10d 16%
30d 28%
90d 59%
1Y 81%
ETH Historical Volatility
10d 26%
30d 44%
90d 65%
1Y 100%
The open interest is 1.1 billion US dollars.
【BTC Options】
The open interest is 1.1 billion US dollars.
Implied volatility for each normalized term:
Implied volatility for each normalized term:
Today: 1m 50%, 3m 63%, 6m 70%
7/19：1m 50%, 3m 63%, 6m 70%
Skewness:
Skewness:
Today: 1m -7.4%, 3m -2.0%, 6m +1.2%
7/19：1m -10.2%, 3m -3.1%, 6m +0.4%
The short-term Skew fell back to 7.4 yesterday, and the advantages of PCP synthesis became less obvious, which also shows that the seller has finished adjusting positions.
It can be seen from BTC Option Flows that selling options is still close to two-thirds of the market volume, and the recent large transactions are much less than before.
From the perspective of changes in open interest, because the end of the month is approaching, the enthusiasm for trading this week is not as high as that of the current month, and the trading volume of date options is higher than that of current week options. Due to the diversion of monthly options, a certain number of put options arrived yesterday. Expect.
【ETH Options】
【ETH Options】
Each standardized period IV:
Each standardized period IV:
Today: 1m 55%, 3m 67%, 6m 74%
7/19 : 1m 52%，3m 67%，6m 74%
Skewness:
Skewness:
Today: 1m -3.8%, 3m +5.0%, 6m +6.7%
7/19：1m -1.0%, 3m +5.6%, 6m +6.1%
A large number of call options were traded in Ethereum today, and they were actively bought. It may be to form a combination with the put options that were actively traded yesterday to adjust the position.
