Deribit Options Market Report: 0119—Ready to go

【Daily Review】

Compared with Bitcoin's continued sideways trading, Ethereum has quietly reached its previous high. After a week of dishwashing, Ethereum is currently unavailable. The popularity of DeFi makes Ethereum have a very strong value support. After all, Gas is the real deal.

BTC historical volatility

【BTC Options】

BTC historical volatility

10d 95%  

30d 85%

90d 68%

1Y   82%

【Option Trading Volume】

Options volume of $622 million was below recent averages, with current open interest at $7.7 billion.

【IV】

Implied volatility for each normalized term:

Implied volatility for each normalized term:

1/18 ：1m 123.8%, 3m 124.2%, 6m 115.2%

Today: 1m 125.4%, 3m 119.5%, 6m 113.4%

【Option Flows】

From the Option Flows data, selling out-of-the-money put options and buying at-the-money put options accounted for most of the transactions, and the overall trend of BTC is adjusting.

【Option position distribution】

【ETH Options】

【ETH Options】

ETH Historical Volatility

10d 127%  

30d 125%

90d 95%

1Y  108%

The trading volume of options on Ethereum today is 77 million US dollars, and the open interest is 1.5 billion US dollars.

【IV】 

Each standardized period IV:

Each standardized period IV:

1/18  ：1m 165%，3m 164%，6m 152%

Today: 1m 171%, 3m 165%, 6m 156%

【Option Flows】

Judging from the Option Flows data, the trading volume of bought call options has an absolute advantage, contributing more than two-thirds of the transactions, and a breakthrough may be just around the corner.

【Option position distribution】

【Option position distribution】