Deribit Options Market Report: 1126—Deep pullback
Bitcoin has experienced a deep correction for the first time since the current spot bull market started at $11,000, with a daily decline of nearly 10%. In the previous broadcast, it was mentioned that the futures premium and IV premium are high, often accompanied by a callback, and it is more cost-effective to sell Call. At present, the bull market sentiment in the market has just fermented, and the current decline is not terrible.
【Option Trading Volume】 【BTC Options】 BTC historical volatility 10d 71% 30d 63% 90d 54% 1Y 79% 【Option Trading Volume】 Implied volatility for each normalized term: 【IV】 Implied volatility for each normalized term: Previous highs: 1m 80%, 3m 79%, 6m 79% 11/25：1m 79.8%, 3m 78.5%, 6m 78.4% Previous highs: 1m 80%, 3m 79%, 6m 79% 【Option position distribution】 【Option Flows】 Judging from the Option Flows data, the forces of all parties are relatively close. 【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 88%, 3m 88%, 6m 82% 11/25 ：1m 98%，3m 91%，6m 86% The price of Ethereum returned to around $520, and the competition was fierce, and the IV dropped significantly below 90%. The 100%+ grand occasion is no longer there, but only when the market is stirred can there be more options. 【Option Flows】 【Option position distribution】 【Option position distribution】 At the end of the year, Ethereum held a position of 553,000 ETH, and the option position of the month was 235,000 ETH.
