Deribit Options Market Announcement: 0706-Calm and Calm

The market has stabilized for more than a month. Since the start of the bull market at the end of July, it has set a record for the longest sideways movement of mainstream currencies. Sideways is not a bad thing. As a result, the IV continued to decline, and the overall position was relatively stable.

【Daily Comment】

The market has stabilized for more than a month. Since the start of the bull market at the end of July, it has set a record for the longest sideways movement of mainstream currencies. Sideways is not a bad thing. As a result, the IV continued to decline, and the overall position was relatively stable.

【BTC Option】

The volume of options is 225 million U.S. dollars, and the position of options is 4.3 billion U.S. dollars.

【Historical Volatility】 

10d 89%

30d 100%

90d 96%

1Y 76%

【IV】

Implied volatility of each standardized period:

Today: 1m 87%, 3m 91%, 6m 92%, DVol 96%

7/5 : 1m 86%, 3m 91%, 6m 93% , DVol 97%

Bitcoin was sideways for 6 weeks. During this period, there were several tentative markets, but they all returned to the sideways area. There was basically no change in the IV, and the market entered a steady state.

World of Coins-Deribit Option Market Announcement: 0706-Calm Down
World of Coins-Deribit Option Market Announcement: 0706-Calm Down

【Option Flows&Bulky Transaction】

According to Option Flows data, the overall trading volume of options is stable, and the trading structure has slowly returned to the distribution of the steady-state market. The volume of buying put options is small, and the volume of selling calls is large. At the same time, the volume of block trades was cold, less than 1,000 coins accounted for 15%, and the transaction IV was still low.

World of Coins-Deribit Option Market Announcement: 0706-Calm Down

【Distribution of Option Positions】

The July term option holdings are about 29,000 yuan, of which 16,700 are call options.

World of Coins-Deribit Option Market Announcement: 0706-Calm Down

【ETH Option】

The trading volume of Ethereum options was US$131 million and the open interest was US$2.2 billion.

【Historical Volatility】

10d 111%

30d 106%

90d 139%

1Y 109% 

【IV】 

Each standardization period IV:

Today: 1m 94%, 3m 100%, 6m 104%

7/5 : 1m 96% , 3m 102% , 6m 105%

The volatility of Ethereum is significantly greater than that of Bitcoin. RV has always been much higher than that of Bitcoin. However, it has recently entered a significant sideways and cannot support the high IV, and the IV of various term options has fallen.

World of Coins-Deribit Option Market Announcement: 0706-Calm Down
World of Coins-Deribit Option Market Announcement: 0706-Calm Down

【Option Flows&Bulky Transaction】

From the perspective of Option Flows, Call Sell stands out, with 21,000 currency transactions accounting for 40%. Other types of Call transactions are squeezed very low. Today, the total transactions are at an average level, and there are basically no transactions.

World of Coins-Deribit Option Market Announcement: 0706-Calm Down

 【Distribution of Option Positions】

July options are about 220,000 yuan, of which 138,000 are call options.

World of Coins-Deribit Option Market Announcement: 0706-Calm Down
World of Coins-Deribit Option Market Announcement: 0706-Calm Down

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/deribit-options-market-announcement-0706-calm-and-calm/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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