Deribit Options Market Report: 1125—4.0 Billion
At the beginning of last month, the open interest of Bitcoin options was only 1 billion U.S. dollars, and now this figure has reached 4 billion U.S. dollars, a four-fold increase in two months. The growth of Ethereum’s open interest is also obvious. In recent days, the daily trading volume has exceeded 100 million US dollars for the first time, which shows that the digital currency options market is becoming more and more active.
Recently, the commonly used options data website Skew.com has changed to a paid subscription model, and there is a partial delay in the data, so some data in the broadcast is provided by Greeks.live.
【Option Trading Volume】 【BTC Options】 BTC historical volatility 10d 54% 30d 59% 90d 52% 1Y 78% 【Option Trading Volume】 Implied volatility for each normalized term: 【IV】 Implied volatility for each normalized term: Today: 1m 79.9%, 3m 78.2%, 6m 77.5% 11/24：1m 79.8%, 3m 78.5%, 6m 78.4% Previous highs: 1m 74%, 3m 73%, 6m 74% Bitcoin IV maintains a high point and stays sideways near 80%. The current price is very fragile and there is a lot of room for up and down, so although it is sideways, IV has not fallen. 【Option Flows】 【Option position distribution】 【Option position distribution】 ETH Historical Volatility 【ETH Options】 ETH Historical Volatility 10d 95% 30d 76% 90d 82% 1Y 103% Each standardized period IV: 【IV】 Each standardized period IV: Today: 1m 98%, 3m 91%, 6m 86% 11/24 ：1m 110%，3m 94%，6m 87% The price of Ethereum traded sideways below $600, and the competition was fierce. IV did not drop significantly, but stayed around 90%. Only when the market is disturbed can there be more options opportunities. 【Option Flows】 【Option position distribution】 【Option position distribution】 At the end of the year, the position of Ethereum was 615,400 ETH, and the option position of the month was 295,100 ETH. Ethereum options for September next year have already opened positions of 32,000 ETH.
