Deribit Options Market Report: 1214—March Premium
Bitcoin remained above $19,000 and continued to organize in a box. At present, whether it is Bitcoin or Ethereum, the IV of the three-month period is significantly higher than other periods. This premium is very suitable for some IV regression operations.
The contract with the highest trading volume today is 22000call due on the 18th, because this contract has a large transaction on Greeks.
【Option Trading Volume】
【BTC Options】 BTC historical volatility 10d 49% 30d 65% 90d 52% 1Y 79% 【Option Trading Volume】 Implied volatility for each normalized term: 【IV】 Implied volatility for each normalized term: Today: 1m 62.8%, 3m 69.5%, 6m 75.4% 12/13 ：1m 59.1%, 3m 67.2%, 6m 73.5% The IV of each term rises due to the price increase. The current market law is relatively obvious. The IV will fall during the sideways period, stabilize during the rebound period, and rebound when it rises significantly, slightly lagging behind the price movement. 【Option Flows】 【Option position distribution】 【Option position distribution】 ETH Historical Volatility 【ETH Options】 ETH Historical Volatility 10d 69% 30d 91% 90d 73% 1Y 103% Each standardized period IV: 【IV】 Each standardized period IV: Today: 1m 77%, 3m 86%, 6m 85% 12/13 ：1m 76%，3m 80%，6m 83% The period IV of Ethereum due in March is obviously on the high side, which is a good opportunity to make a calendar spread, or it is also a good idea to directly choose the direction. 【Option Flows】 【Option position distribution】 【Option position distribution】 At the end of the year, Ethereum held a position of 617,000 ETH, and when it expired in March, it was about 233,000 ETH. The transactions were concentrated in the short term.
