Deribit Options Market Report: 0120—ATH

【Daily Review】

Ethereum finally broke through its historical high yesterday and achieved All Time High. Ethereum is currently the main underlying carrier of DeFi. The popularity of any concept can make Ethereum gain value support. Most of the emerging blockchain innovations are inseparable from Ethereum.

BTC historical volatility

【BTC Options】

BTC historical volatility

10d 92%  

30d 83%

90d 68%

1Y   82%

【Option Trading Volume】

Options volume of $557 million was below recent averages, with current open interest at $8.1 billion.

【IV】

Implied volatility for each normalized term:

Implied volatility for each normalized term:

1/19 ：1m 125.4%, 3m 119.5%, 6m 113.4%

Today: 1m 125.8%, 3m 122.2%, 6m 115.4%

【Option Flows】

According to Option Flows data, selling call options accounted for most of the transactions, and the overall trend of BTC has been sideways for several days, and the fluctuations are very small compared to other currencies.

【Option position distribution】

【ETH Options】

【ETH Options】

ETH Historical Volatility

10d 131%  

30d 123%

90d 95%

1Y  108%

The trading volume of options on Ethereum today is 287 million US dollars, and the open interest is 1.8 billion US dollars. Because of the new high, the trading volume of Ethereum has also reached a record high.

【IV】 

Each standardized period IV:

Each standardized period IV:

1/19  ：1m 171%，3m 165%，6m 156%

Today: 1m 185%, 3m 174%, 6m 158%

【Option Flows】

Judging from the Option Flows data, there were more people chasing long yesterday, and they were mostly bullish on the average value. The seller took advantage of the market sentiment to sell a large number of deep out-of-the-money call options.

【Option position distribution】

【Option position distribution】