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
The article introduces programmatic access to digital currency options through a quantitative trading platform. It compares making a direct public API request in a general-purpose language with using a platform interface that treats an option contract…
The document introduces a backtesting system for European-style Bitcoin options and explains how option contracts are identified, priced, traded, and monitored alongside spot or futures positions. Its examples sell a call while buying spot or futures, then…
The document presents a contract-selection process for directional crypto option trades across Deribit, Binance Options, and OKX. It standardizes contract prices, forwards, Greeks, implied volatility, and liquidity data before comparing candidates. Four…
This market commentary interprets reported Bitcoin options activity across several expiries and strike ranges. It describes aggressive call selling early in the week, followed by put purchases as the underlying fell through a cited price level. Some put…
The document explains how an option’s moneyness is determined by comparing its strike price with the current price of the underlying asset. A call is in the money when its strike is below the asset price, while a put is in the money when its strike is above…
This weekly analytics recap tracks sentiment in BTC and ETH through perpetual funding, futures yields, options volatility, and volatility smile skew. It characterizes both assets as broadly bullish: perpetual funding remained positive, implied futures yields…
This market recap interprets BTC and ETH derivatives positioning around a hotter-than-expected CPI release and ongoing regulatory concerns. Although the initial price dip was quickly bought and prices remained near pre-release levels, block sellers of…
This brief options-flow note describes traders concentrating on Bitcoin puts amid rising implied volatility. It highlights a large in-the-money put sale at the June and July $25,000 strikes that did not slow the volatility increase, alongside a trader who…
This brief options flow note describes Bitcoin positioning before and after a Federal Reserve meeting. It reports early risk-off activity followed by purchases of call spreads and outright calls at higher strikes, alongside the sale of existing March calls.…
This market note examines a sharp Bitcoin rally and the accompanying changes in realized and implied volatility, term structures, skew, option flows, and dealer gamma for Bitcoin and Ethereum. It connects traders’ expectations to a possible Bitcoin ETF…
This market commentary traces Bitcoin and Ethereum options activity around a sharp change in sentiment. It describes large March Bitcoin calls being sold and redistributed, early bearish positioning through puts, and a turn toward calls after a favorable…
This podcast synopsis reviews a sharp market selloff and explores its connection to an unwind of the yen carry trade. The hosts discuss Japan’s macroeconomic backdrop, global spillovers, US economic data, volatility spikes, and possible changes in rates and…
This weekly snapshot summarizes Bitcoin and Ethereum derivatives conditions using implied volatility term structures, 25-delta risk reversals, futures yields, perpetual funding, and exchange-level volatility surfaces. Its central observation is that options…
This podcast synopsis outlines a discussion of Bitcoin’s relative stability during a period of geopolitical tension and a quiet summer market. The hosts connect the market backdrop to low inflation and ongoing ETF inflows, and consider whether traders are…
This market commentary traces Bitcoin options positioning around resistance near 25,000 and a subsequent decline. It describes funds buying calls while other funds sold at-the-money straddles and strangles, seeking to earn theta and volatility decay while…
This weekly market commentary tracks BTC and ETH options activity during the sharp May 2021 selloff. It describes short option positions being closed, put and call trades at selected strikes, changes in implied volatility and skew, and the effect of hedging…
This weekly review examines BTC and ETH derivatives during a second sharp rise in spot prices. Short-dated ETH futures yields moved above zero, joining BTC, while positive BTC perpetual funding and stronger ETH funding indicated demand for long exposure.…
This annual review links 2023 crypto volatility and trading volume to market events, then considers risks for the coming year. It describes unusually low realised volatility and weak spot volumes for BTC and ETH, followed by a recovery in both as the spot…
This weekly market review tracks BTC and ETH futures yields, perpetual swap funding, implied volatility, and options skew during a period of weaker spot prices and reduced leverage. Short-dated futures yields fell, especially for BTC, while ETH yields…
This weekly snapshot reviews BTC and ETH futures, perpetual swap funding, options volatility, and volatility smiles after the spot BTC ETF announcement. It reports that implied volatility declined as event risk eased, while the earlier inversion in the…
This commentary reviews BTC, ETH, and SOL options after a September market shakeout. It reports that realized moves generally stayed within implied ranges outside a sharp drop, while ETH front-end volatility fell and volatility carry compressed, reducing the…
This weekly report interprets BTC and ETH derivatives indicators after a rally and subsequent pullback. It describes lower short-dated futures yields and cooling, though still positive, perpetual funding as signs of reduced demand for leveraged long…
This podcast overview describes a discussion of crypto market consolidation and the compression of realized and implied volatility. The listed topics include macro conditions, tariffs, U.S. jobs data, Ethereum price action, and the relative volatility skew…
This market commentary tracks Bitcoin options activity after the spot ETF approval and launch. Initial buying targeted January calls and February–March call spreads, but flows later shifted toward January puts and call unwinds across several expiries. The…