Deribit Options Market Report: 0221—Inspur

特邀专栏作者

2021-02-21 14:28 (UTC+8)

This article is about 841 words, reading the full article takes about 2 minutes

With the popularity of Bitcoin and blockchain, more and more public figures with negative comments have turned neutral or supportive.

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With the popularity of Bitcoin and blockchain, more and more public figures with negative comments have turned neutral or supportive.

【Daily Review】

BTC historical volatility

【BTC Options】

BTC historical volatility

10d 81%

30d 110%

90d 92%

1Y 87%

【Option Trading Volume】

The options trading volume was 664 million US dollars, and the current open interest is 11 billion US dollars, and the open interest continues to create a record high.

【IV】

Implied volatility for each normalized term:

2/20：1m 100%, 3m 96%, 6m 93%

Bitcoin continues to create new historical highs, but IV has been declining significantly. The current IV level is close to New Year's Day, but the currency price has doubled in just two months. As mentioned in previous broadcasts, it is very cost-effective to buy slightly out-of-the-money options now.

【Option Flows&Bulk Transaction】

Today's block transaction has two 40,000 put options with a total of 1250 coins that expire on 312. Buying so many deep put options that expire on March 12 reminds me of the 312 last year.

【Option position distribution】

【ETH Options】

ETH Historical Volatility

10d 49%

30d 129%

90d 119%

1Y 112%

The trading volume of Ethereum options today is 210 million US dollars, and the open interest is 2.7 billion US dollars.

【IV】

Each standardized period IV:

2/20：1m 121%，3m 117%，6m 112%

Ethereum IV continues to decline slightly, but the trading volume has been hot for many consecutive days. The supply and demand of the options market of Ethereum is now booming, and its activity and fluency are no longer inferior to Bitcoin.

【Option Flows&Bulk Transaction】

Judging from the Option Flows data, the trading volume of Ethereum buy options is larger today, and Ethereum transactions continue to show tidal nature. There were few big transactions, and only one 2880C of the week was worth noting, and the others were all small transactions near the average value.