Deribit Options Market Podcast 0524 – Key Points

Podcast data provided by Greeks.live and Skew.com.

Podcast data provided by Greeks.live and Skew.com.

[Daily Briefing].

Last night’s digital currency market is very dangerous, bitcoin futures once fell below $30,000, ethereum once fell below $2,000, because there is no obvious support below, if yesterday’s key points can not hold, the market continues to fall triggering a chain reaction of DeFi, the consequences will be very serious. Today’s market plate rebounded strongly, with many mainstream coins rebounding by 20%. Still yesterday’s words, the digital currency market is a linked whole, a glory and a loss.

BTC Options]

Options volume was $520 million, and options positions were $6.1 billion.

【Historical Volatility

10d 142%

30d 113%

90d 87%

1Y 72%

[IV

Implied volatility by normalized maturity.

Today: 1m 126%, 3m 119%, 6m 112%, DVol 150%

5/23: 1m 124%, 3m 117%, 6m 112%, DVol 140%

The digital currency market was in danger last night, with bitcoin futures falling below $30,000 at one point and bitcoin only dropping to the $30,000 line during the pullback from the last round of spikes this year. Bitcoin is clearly rallying today, but the volume is not great and is still under downward pressure, and the market is relatively fragile at the moment.

Deribit Options Market Podcast 0524 - Key Points

[Option Flows & Block Trade].

From Option Flows data, bitcoin options volume is average, the options market is not active enough at the moment, on the one hand the market IV structure is not very attractive for investors, on the other hand the leverage of the contract is now the content that more people care about. The bulk trading is cooling down, the whole market is in a strong wait-and-see mood, and the possibility of a weak follow-up market is higher.

Deribit Options Market Podcast 0524 - Key Points

[Option Position Distribution].

The current May term is about 54,500 coins and the June term is about 65,000 coins.

Deribit Options Market Podcast 0524 - Key Points

[ETH Options].

ETH options volume of $341 million and position of $3.3 billion.

[Historical Volatility

10d 257%

30d 178%

90d 127%

1Y 100%

[IV].

Each standardized term IV.

Today: 1m 167%, 3m 154%, 6m 145%

5/23: 1m 181%, 3m 162%, 6m 149%

Ether broke $2,000 yesterday very directly, and once could not hold $1,800. Ether did not hold the key point of $2000, and today it rebounded but with limited power, because breaking the key point of this trend is always a concern. iv declined significantly, although yesterday’s market was great, but basically belonged to cashing out the previous pressure, and now the IV level is still relatively high.

Deribit Options Market Podcast 0524 - Key Points

[Option Flows & Block Trade

From the Option Flows data, the historical rule is proven again, when Ether falls, the volume of plunging with call options will rise significantly, and short-term vanilla options are cheap, so you can also bet on a rebound. Block trades are also relatively rare, and at key points on big market days, block trades are more cautious.

Deribit Options Market Podcast 0524 - Key Points

[Option Position Distribution].

The current May term is about 340,000 coins and the June term is about 594,000 coins.

Deribit Options Market Podcast 0524 - Key Points
Deribit Options Market Podcast 0524 - Key Points

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/deribit-options-market-podcast-0524-key-points/
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