Deribit Options Market Report: 0824 — Bulk Put
For a long time, call has occupied the mainstream of transactions, especially in Ethereum, almost more than three-quarters of the Call transactions are made every day. Today, Put finally ushered in spring, and the Put trade prevailed.
BTC historical volatility
【BTC Options】
BTC historical volatility
10d 37%
30d 58%
90d 48%
1Y 80%
Implied volatility for each normalized term:
Implied volatility for each normalized term:
Today: 1m 56%, 3m 70%, 6m 74%
8/23：1m 57%, 3m 71%, 6m 74%
Skewness:
Skewness:
Today: 1m +7.9%, 3m +11.3%, 6m +15.8%
8/23：1m +4.6%, 3m +10.6%, 6m +14.5%
The skew rises suddenly in the short term, but is stable in the medium and long term.
BTC Option Flows data shows that Put Buy accounted for 43%, changing the previous situation where Call Sell dominated. But what is interesting is that both of them are actually bearish attributes, and they are mainly hedging methods for spot holders and futures buyers.
secondary title
ETH Historical Volatility
ETH Historical Volatility
10d 80%
30d 81%
90d 67%
1Y 101%
Each standardized period IV:
Each standardized period IV:
Today: 1m 84%, 3m 99%, 6m 95%
8/ 23: 1m 92%，3m 101%，6m 95%
Ethereum IV is relatively stable.
The dominance of Ethereum’s Call Sell today could not be sustained, with 6180 coins accounting for only 14%, which may be due to the overdraft of transactions in the previous few days. Put transactions accounted for 58% today.
