Deribit options market broadcast: 0206—40000USD

【Daily Review】

BTC historical volatility

【BTC Options】

BTC historical volatility

10d 93%  

30d 103%

90d 84%

1Y   85%

【Option Trading Volume】

Options volume was $591 million, with current open interest at $5.7 billion.

【IV】

Implied volatility for each normalized term:

Implied volatility for each normalized term:

2/5  ：1m 99%, 3m 100%, 6m 100%

Bitcoin’s IV of each period today is around 100%. The shock near the new high did not bring too many chasing orders, but the market will definitely come, and the cost of chasing high will rise when the market comes.

【big order】

【big order】

【Option Flows】

Judging from the Option Flows data, the bulk of the transactions are concentrated in extreme out-of-the-money calls, and the sellers are slightly stronger.

【Option position distribution】

【ETH Options】

【ETH Options】

ETH Historical Volatility

10d 131%  

30d 148%

90d 120%

1Y  114%

Each standardized period IV:

【IV】 

Each standardized period IV:

Today: 1m 134%, 3m 135%, 6m 129%

2/5   ：1m 142%，3m 135%，6m 129%

The price of Ethereum has risen, the open interest has changed simultaneously, the trading volume has risen for several consecutive days, IV has not changed much, and the market's reaction to the new high is abnormal.

【big order】

【big order】

【Option Flows】

According to the Option Flows data, there are fewer transactions in buying put options, and the other directions are relatively close. The seller is more active. In this market, the market sentiment is very stable, and some data sentiment indicators are even declining.

【Option position distribution】

【Option position distribution】