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.
9,797 documents
The document explains how to read a futures spread matrix and use it to trade two futures contracts in opposite directions with one order. From the buyer’s perspective, a selected column identifies the long contract and a row identifies the short contract;…
The announcement describes BTC DVOL futures, a linear product priced, margined, and settled in USDC that tracks Deribit’s Bitcoin Volatility Index. DVOL is derived from implied volatility across selected option expiries and strikes and represents a 30-day…
This weekly market report interprets crypto derivatives indicators during a strong Ethereum rally. It connects buying through spot Ether exchange-traded funds and corporate treasury purchases with bullish derivatives signals: call options carried a premium…
The review links a sharp crypto market selloff to changing expectations for Federal Reserve policy and weaker U.S. equities. It describes how hawkish comments about inflation, asset purchases, and interest rates coincided with falling option skew, collapsing…
This weekly report reviews how macroeconomic stress affected BTC and ETH derivatives. It describes a sharp move lower in spot prices, negative put-call skew across both options markets, a brief period of negative ETH perpetual funding, and short-tenor…
This weekly report reviews crypto derivatives conditions during a market selloff. It tracks BTC and ETH perpetual funding, futures-implied yields, at-the-money implied volatility term structures, and option risk reversals. The narrative links falling spot…
This weekly Bitcoin derivatives report outlines several market measures: futures implied yields across maturities, implied volatility changes after a spot-market selloff, put skew, and the shape of an options smile for a July expiry. Its stated findings are…
This weekly market recap describes BTC and ETH futures, perpetual funding, options implied volatility, volatility surfaces, and put-call skew. It reports that futures remained above spot while yields trended lower for BTC and stayed broadly steady for ETH.…
This weekly report compares BTC and ETH derivatives conditions after a broad crypto selloff followed by a period of sideways spot trading. It uses futures-implied yields, perpetual swap funding, options implied volatility, and 25-delta risk reversals to…
This weekly market recap surveys Bitcoin and Ether derivatives using futures yields, perpetual swap funding, options implied volatility, risk reversals, and volatility surfaces. It reports that short-dated ETH futures recovered from a discount to spot and…
This weekly market recap compares spot prices with perpetual swap funding, futures-implied yields, and option volatility after a geopolitical de-escalation announcement. Bitcoin and Ether rose alongside other risk assets, but derivatives signals were mixed:…
This weekly report interprets BTC and ETH derivatives indicators as showing a shift toward short-term bullish positioning despite slower spot price movement. It highlights positive implied-volatility skew toward out-of-the-money calls across tenors, elevated…
This guide explains how to use a position builder to combine crypto options and futures and inspect portfolio profit and loss. Users can choose an underlying currency, add long or short instruments, and view both the payoff at expiration and an estimate of…
This weekly crypto derivatives recap tracks futures implied yields and options metrics for Bitcoin and Ether. It reports BTC yields recovering toward zero after a late November decline, while ETH yields remain between negative two percent and zero at tenors…
This weekly derivatives report summarizes bitcoin and ether futures yields and options volatility conditions. It describes bitcoin annualized yields as mostly flat with signs of a possible rise, while ether yields remained near zero after an earlier…
This weekly report compares Bitcoin and Ether derivatives after a brief spot recovery reversed amid hawkish Bank of Japan comments and declines in risk-on equities. It reads perpetual funding, futures implied yields, at-the-money volatility, and 25-delta…
This weekly report surveys Bitcoin and Ether futures yields, perpetual funding, implied volatility, and option skew after a sharp risk-off move. It says front-end volatility declined and derivatives conditions appeared to stabilize, while funding improved…
This weekly market recap reviews Bitcoin and Ether futures, perpetual funding, options, and volatility surfaces. It reports that risk reversals recovered from a strong tilt toward downside protection while outright implied volatility continued to decline.…
This article explains clearing as the management of counterparty risk from trade execution through settlement. It outlines how central counterparties use novation, margin, collateral haircuts, position limits, auctions, and default waterfalls to manage…
This weekly review examines how the war in Eastern Europe and related financial sanctions affected crypto prices, volatility, and derivatives positioning. It describes a sell-off in risky assets followed by a short-lived recovery in Bitcoin and Ether as some…
This weekly report assesses BTC and ETH derivatives sentiment through futures implied yields, perpetual swap funding, and options volatility measures. It describes an inverted futures yield term structure, with the sharpest rise at the front end, and…
This weekly review weighs whether a sharp crypto rebound reflects a renewed bull market or a possible short squeeze. It compares price gains and short liquidations with bearish signals in derivatives: negative front-month futures premiums, low annualized…
This guide explains how an Excel workbook with macros can retrieve Deribit market data for futures and options. It describes functions for the underlying index, latest trade, midpoint, bid and ask, mark price, implied volatility, and delivery date. Some…
This article defines contango as futures trading above spot and backwardation as futures trading below spot, then discusses how these conditions may reflect the balance of demand among leveraged bullish investors, BTC borrowers, hedgers, miners, and…