Deribit Options Market Report: 0121—Support

Ethereum broke through the previous high and did not continue to rise. It is currently oscillating around $1,350. After breaking through the new high, the previous high will generally become a support, because there will be a large number of hand changes here. Although the current traders who use options to chase long have not been able to achieve profits, the buyer's limited losses will make the pressure on traders significantly less than that of futures.

BTC historical volatility

【BTC Options】

BTC historical volatility

10d 83%  

30d 85%

90d 72%

1Y   83%

【Option Trading Volume】

Implied volatility for each normalized term:

【IV】

Implied volatility for each normalized term:

Today: 1m 111.7%, 3m 109.5%, 6m 105.4%

1/20 ：1m 125.8%, 3m 122.2%, 6m 115.4%

Today: 1m 111.7%, 3m 109.5%, 6m 105.4%

【Option Flows】

According to Option Flows data, call options, especially selling call options accounted for most of the transactions. BTC has now reached the support level in the bull market, and the buyer is actually a good deal.

【Option position distribution】

【ETH Options】

【ETH Options】

ETH Historical Volatility

10d 97%  

30d 125%

90d 98%

1Y  108%

The trading volume of options on Ethereum today is 217 million US dollars, and the open interest is 1.9 billion US dollars. Because of the new high, the trading volume of Ethereum has been extremely high for two consecutive days.

【IV】 

Each standardized period IV:

Each standardized period IV:

1/20  ：1m 185%，3m 174%，6m 158%

Today: 1m 158%, 3m 148%, 6m 144%

【Option Flows】

Judging from the Option Flows data, there are more people chasing the bulls recently. Today, the buyers died down, and the sellers began to exert their strength.

【Option position distribution】

【Option position distribution】