Deribit options market broadcast: 0205—100%

特邀专栏作者

2021-02-05 19:35 (UTC+8)

This article is about 773 words, reading the full article takes about 2 minutes

The adjustment of Ethereum is basically over, and it has reached a new high in recent days, but Bitcoin is still in the process of adjustment, fluctuating around the previous high, and has not yet reached a new high.

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【Daily Review】

BTC historical volatility

【BTC Options】

BTC historical volatility

10d 91%

30d 104%

90d 83%

1Y 85%

【Option Trading Volume】

Options volume was $550 million and current open interest is $6.2 billion.

【IV】

Implied volatility for each normalized term:

2/4 ：1m 100%, 3m 102%, 6m 103%

The IV of each period of Bitcoin today is around 100%. The term structure graph is very interesting. The market has not broken the consolidation. It is very suitable to do the calendar price difference now, because the possibility of infinite sideways trading of Bitcoin at the current position is very small. The market will definitely come.

【big order】

【Option Flows】

Judging from the Option Flows data, there are relatively few large transactions, and the forces of all parties are relatively balanced.

【Option position distribution】

【ETH Options】

ETH Historical Volatility

10d 128%

30d 147%

90d 121%

1Y 114%

The trading volume of Ethereum options today is 165 million US dollars, and the open interest is 2.1 billion US dollars.

【IV】

Each standardized period IV:

2/4 ：1m 144%，3m 139%，6m 133%

Ethereum fell back after breaking through the previous high. The price rise brought about a continuous high trading volume for several days. The buyer was relatively calm, and IV fell for the full term.

【big order】

【Option Flows】

According to Option Flows data, sellers are more active. After the market stabilizes, the amount of options sold is generally slightly larger than that of buyers, and the market is stable.