Deribit Options Market Report: 1029—Callback
Bitcoin failed to hit $14,000 yesterday, but it ushered in a correction today and is currently above $13,000. Ethereum was driven down synchronously, falling below $390. The trading volume of spot futures and options is still high, and the open interest remains at 1.9 Billion. There is still one day in this month that is expected to hit the $2 billion mark.
【Option Trading Volume】
【BTC Options】
BTC historical volatility
10d 57%
30d 38%
90d 48%
1Y 78%
【Option Trading Volume】
Implied volatility for each normalized term:
【IV】
Implied volatility for each normalized term:
Recent highs: 1m 60%, 3m 70%, 6m 74%
10/28：1m 54%, 3m 60%, 6m 65%
Recent highs: 1m 60%, 3m 70%, 6m 74%
Option IV decreased slightly for each period. Today's drop brings profit-taking and shifting operations, and IV will fall when there are fewer buyers.
【Skew】
Judging from the skewness of options, call options are obviously more expensive.
【Option Flows】
【Option position distribution】
【Option position distribution】
ETH Historical Volatility
【ETH Options】
ETH Historical Volatility
10d 66%
30d 49%
90d 84%
1Y 102%
Each standardized period IV:
【IV】
Each standardized period IV:
Today: 1m 59%, 3m 65%, 6m 68%
10/28：1m 60%，3m 66%，6m 68%
The period IV of Ethereum is relatively stable. The leader of this round is Bitcoin. With the blessing of Defi, Ethereum has a large increase in the early stage. The increase in this round is lower than expected. Ethereum IV has been near the historical low.
【Option Flows】
【Option position distribution】
【Option position distribution】
At the end of the year, Ethereum held 500,000 ETH, and the month's option position was 205,000 ETH. The concentration of Ethereum at the end of the year was very high.
