Deribit options market broadcast: 0817 — 28000Call
Bitcoin and Ethereum have not fluctuated much in the past four days, but IV has ushered in a real rise. The price of Bitcoin rose from $11,700 to $11,900, and the short-term IV rose from 56% to 73%. While questioning the reason for the rise in IV, the seller tearfully increased the price. What deserves attention today are two large transactions, one is 500 pieces of 26MAR21-8000P (IV=73.7%) and 300 pieces of 26MAR21-28000C (IV=88.5%). It's all possible.
BTC historical volatility BTC historical volatility 10d 35% 30d 56% 90d 50% 1Y 80% Implied volatility for each normalized term: Implied volatility for each normalized term: Today: 1m 68%, 3m 75%, 6m 76% 8/16：1m 73%, 3m 77%, 6m 75% Skewness: Skewness: Today: 1m +5.9%, 3m +8.3%, 6m +12.8% 8/16：1m +4.9%, 3m +7.3%, 6m +11.8% The short-term skew is stable, and the medium and long-term call options are still slightly expensive. It can be seen from BTC Option Flows that the proportion of large transactions today is very high, and 18% of transactions are large transactions. In fact, there are two transactions, one is 500 pieces of 8000P in the first quarter of 21 and 300 pieces of 28000C in the first quarter of 21. From the perspective of changes in open interest, the largest order is the large transaction mentioned above. The transaction IV is 88.5% and 73.7%, which are really not high. Although it seems that the probability of realization is very small, after all, anything is possible in this market. ETH Historical Volatility ETH Historical Volatility 10d 78% 30d 82% 90d 67% 1Y 101% Today: 1m 99%, 3m 99%, 6m 91% Each standardized period IV: Today: 1m 99%, 3m 99%, 6m 91% 8/16 : 1m 107%，3m 108%，6m 96% Ethereum IV fell back slightly, and the market was relatively stable. Ethereum’s Call Sell accounted for an astonishing proportion, with a nominal value of 20,000 coins accounting for 56%, and selling like crazy.【BTC Options】
【ETH Options】
