Deribit Options Market Report: 0914 — IV drops again

BTC historical volatility

10d 76%  

30d 54%

90d 48%

1Y  81%

Today: 1m 53%, 3m 68%, 6m 72%

Implied volatility for each normalized term:

Today: 1m 53%, 3m 68%, 6m 72%

9/13：1m 58%, 3m72%, 6m 74%

The daily fluctuation of Bitcoin is only 200 US dollars, the short-term IV has fallen below the average line, and the medium- and long-term IV has also begun to accelerate its decline.

The skewness has not changed significantly, and the short-term virtual value Put is still relatively expensive.

According to the Option Flows data, in the calm market, the buyer is the main force, with Call Sells accounting for 33% and Put Sells accounting for 31%.

ETH Historical Volatility

【ETH Options】

ETH Historical Volatility

10d 139%  

30d 104%

90d 80%

1Y 105%

Today: 1m 77%, 3m 84%, 6m 81%

Each standardized period IV:

Today: 1m 77%, 3m 84%, 6m 81%

9 /13：1m77%，3m91%，6m86%

Ethereum is also trading sideways today, and the medium-to-long-term IV has accelerated its decline. At present, the implied volatility of each term is actually relatively close, which is different from Bitcoin.

Judging from the proportion of transactions, call options accounted for 80% of the transaction volume, of which Call Buys accounted for 46% with a nominal value of 15659ETH, and almost all call options were traded.