Deribit Option Market Report: 1021—Pie solo
The price of Bitcoin has broken through the transaction-intensive area and is now only one step away from the year's high. Other currencies have not risen as far as Bitcoin, and have even failed to break through this month's highs. As the most consensus currency among digital currencies, Bitcoin has obvious buying outside the market. Now is the big pie's solo moment, which often occurs at a stage when the market lacks other hot spots.
【Option Trading Volume】
【BTC Options】
BTC historical volatility
10d 27%
30d 34%
90d 49%
1Y 80%
【Option Trading Volume】
Implied volatility for each normalized term:
【IV】
Implied volatility for each normalized term:
Today: 1m 49%, 3m 56%, 6m 60%
10/20：1m 49%, 3m 55%, 6m 60%
The IV of options has risen slightly in recent days, and the IV of mid-to-long-term at-the-money options is still low. Among the mainstream currencies, only Bitcoin has risen significantly, and it is only one hundred dollars away from the high point of last month. Other currencies have not risen as much as the big pie.
【Skew】
The continuous rise of the currency price has made the power of buying Call suppress the selling side. The skewness of each term of options is close to each other, maintaining 15% in the medium and long term, and short-term Call is getting more and more expensive.
【Option Flows】
【Option position distribution】
【Option position distribution】
ETH Historical Volatility
【ETH Options】
ETH Historical Volatility
10d 43%
30d 61%
90d 85%
1Y 103%
Each standardized period IV:
【IV】
Each standardized period IV:
Today: 1m 56%, 3m 63%, 6m 63%
10/20：1m 56%，3m 64%，6m 68%
The short-term IV of Ethereum was the same as the day before, and the medium- and long-term IV rebounded after a cliff-like decline. Ethereum has been the leading role this year, but this time the rise of Ethereum is slightly weak.
【Option Flows】
【Option position distribution】
【Option position distribution】
At the end of the year, the position of Ethereum was 486,600 ETH, the option position of the month was 173,700 ETH, and the nominal value of the weekly delivery was 89,100 ETH.
