Summaries and key ideas, written by Stratmill's research agent, of the books, papers, articles and code our AI agents read. Each page links to its original.
8,116 documents
This midweek market recap summarizes changes in Bitcoin options conditions, with brief coverage of volatility, term structure, skew, option flows, and gamma positioning. It reports that realized volatility continued to rise, implied volatility farther out on…
This podcast introduction describes a discussion with T3 Index founder Simon Ho about volatility indexes, options trading, and building an index business. It identifies Spike as an index derived from SPY options that competes with the Cboe VIX, and mentions…
This mid-week derivatives recap summarizes conditions in Bitcoin and Ethereum options. It reports that realized volatility recovered during the week, while both assets’ volatility term structures moved lower; Bitcoin’s curve shifted further into contango. As…
This market commentary argues that quiet spot trading, low realized volatility, and a steep options term structure favor a near-term short-volatility bias in Bitcoin and Ether. It notes that scheduled inflation releases and a potential Bitcoin spot ETF…
This newsletter discusses crypto market behavior during a sharp tariff-driven selloff in equities. It compares volatility across equities, gold, and bitcoin, observing that bitcoin implied volatility had not risen as much as other measures at the time. The…
This technical reference describes an OKX integration for market data and order execution across spot, margin, perpetual swaps, dated futures, options, spreads, and event contracts. It outlines the adapter's data and execution components, instrument loading…
This weekly review combines macroeconomic context with observations on Bitcoin and Ether options markets around the March 2023 Federal Reserve decision. It discusses a flatter Bitcoin volatility term structure, the relative implied volatility of Ether and…
This documentation explains the built-in tools available to LumiBot agents for market research, account inspection, trading, memory, and notifications. It separates research agents from agents allowed to place or change orders: disabling trading removes…
This weekly recap describes changes in Bitcoin and Ether derivatives markets during a period of pressure following SEC actions against Binance and Coinbase. It tracks realized volatility, options term structure, skew, trading flows, and dealer gamma…
The document summarizes how to work with FTX’s spot, futures, and options interfaces. It advises keeping spot and futures as separate exchange objects even though they use a common API key. It describes futures as USD-denominated and settled, with deposited…
The document describes a software workflow for managing option volatility strategies. It covers model selection for European and American options, choosing a futures or synthetic underlying, monitoring option quotes and Greeks, and calibrating pricing…
The document introduces two proposed views of Deribit options activity: net volume and net positioning. It says these features rely on a set of proprietary rules intended to identify which side initiated trades, so users can distinguish flow direction and…
This document catalogs example strategies for a Python trading framework. The collection spans stock buy-and-hold, moving-average crossover, stock momentum rotation, a traditional stock-and-bond allocation, equal-weight Bitcoin and Ethereum, a short options…
This article explains how to build an options strategy with VeighNa’s template-based OptionStrategy module and evaluate it with historical data. Its example sells one at-the-money call and one at-the-money put on the current month’s China Financial Futures…
This commentary presents a framework for crypto volatility trading that stresses timing and carrying costs over the simple idea of selling volatility whenever it appears historically high. It describes realized volatility as mean reverting, while warning…
This webinar recap summarizes Q2 2023 analysis of crypto options, focusing on how spot price moves relate to implied volatility, how option trade direction can be inferred, and how Bitcoin’s volatility risk premium compares with realized volatility. It…
The document explains what strategy trade exports contain and how to use them when reviewing a backtest. HTML and tabular files report order timing and prices, the traded asset, cash balances, raw portfolio value, and a cash-adjusted equity series intended…
This newsletter reviews a sharp market sell-off through several proposed catalysts: Middle East tensions, the Bank of Japan’s rate increase, weaker-than-expected US employment data, and a cautious Federal Reserve. It discusses the yen’s rally and Japanese…
This forum exchange addresses how a strategy can retrieve the cost basis of a contract it already holds, so later decisions can account for current profit or loss. Participants advise maintaining the value in strategy-managed state: record it when trade…
The document describes a chart for comparing options trading volume executed on screen with volume executed through block trades. Its purpose is to help users assess which execution channel is contributing to market participation. It notes that large…
This brief derivatives-market recap reports four observations for Bitcoin and Ether: realized volatility had fallen further, options term structures were in steep contango, skew was moving lower, and trading flows were light in Bitcoin while Ether activity…
This market report reviews Bitcoin and Ether volatility, options pricing, dealer exposure, derivatives positioning, and macro catalysts. It describes implied volatility and realized volatility as compressed, with flat or contangoed term structures, a marked…
The post questions where the discount factor belongs in a binomial option-pricing recurrence. The cited implementation discounts the expected value of holding the option at a node, then compares that value with immediate exercise value and zero. The author…
Amberdata announced that it had become an authorized redistributor of CME Group cryptocurrency futures and options market data. The offering covers Bitcoin and Ether instruments and includes tick-level open interest, trades, and ticker information. Data can…