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 compares Bitcoin and Ethereum volatility with equity volatility during 2022. It defines delivered volatility as a rolling 30-day standard deviation of log returns and describes how crypto volatility had generally moved alongside the S&P 500…
The article considers how a possible U.S. government shutdown could delay agency work, including Bitcoin ETF decisions, and interrupt macroeconomic data releases. Against recent crypto inflows, it argues that Bitcoin might remain range-bound into year-end…
This market review tracks a sharp Bitcoin breakout and the related moves in Ether, using options volatility, skew, term structure, block trades, funding, and liquidation data. It describes implied and realized volatility rising, call skew strengthening as…
This weekly market note describes cautious options positioning amid a rebound in equity indexes and stable crypto spot prices. It points to firm implied volatility, elevated put skew, low trading volume, and continued demand for risk protection. Earlier put…
The article proposes a defined-risk ETH bull call spread in anticipation of spot Ether ETF trading. The structure buys a lower-strike call and sells a higher-strike call with the same expiry, creating a net debit. The example uses the July 26 expiry, buying…
This market commentary tracks Bitcoin options activity around anticipated US futures ETF decisions in October 2021. It describes a period of accumulated call spreads and upside calls, alongside a notable short-dated put position interpreted as a hedge…
This podcast episode combines a discussion of digital asset infrastructure with a short-term crypto market review. The guest describes how blockchain, stablecoins, and tokenization could improve efficiency and transparency in financial markets, while the…
This weekly report examines BTC and ETH derivatives through a sharp selloff and subsequent spot-price rebound. It describes a large long liquidation event, declines below reported support levels, and outflows from spot ETFs. Short-tenor at-the-money implied…
This podcast listing outlines a discussion of crypto rates derivatives and market conditions. Its guest, the founder of Rho Labs, describes a platform offering rates products to more sophisticated clients. The listed topics include volatility in perpetual…
This commentary tracks how BTC options pricing shifted from a preference for downside protection toward a more balanced volatility smile. It compares SABR-calibrated implied volatility across strikes and tenors, noting that earlier smile flattening came from…
This weekly market recap reviews BTC and ETH futures, perpetual swap funding, and options volatility. It reports that ETH futures underperformed BTC over the week before recovering toward spot, while BTC annualized futures yields returned to just above 2%…
The market review tracks BTC and ETH spot levels, realized and implied volatility, volatility term structures, skew, and reported option flows ahead of an anticipated ETH spot ETF launch. It argues that ETH implied volatility remained elevated relative to…
The review examines crypto derivatives during a period of geopolitical escalation and tightening liquidity. It compares spot-market declines with option volatility and futures premiums, noting that realized volatility remained near or below implied…
This overview describes a tool that retrieves options open interest through an exchange API and calculates max pain for a selected expiry. Max pain is defined as the underlying price at which the total intrinsic value of currently held calls and puts would…
This weekly report compares Bitcoin and Ether derivatives conditions during a strong spot-market recovery. It tracks perpetual swap funding, futures implied yields, at-the-money implied volatility term structures, and 25-delta risk reversals. The report says…
This podcast discussion traces crypto markets’ shift from a retail-heavy ecosystem toward participation by hedge funds, pension funds, banks, and asset managers. The guest draws on experience in equity derivatives and high-frequency trading to discuss market…
This weekly report compares Bitcoin and Ether derivatives indicators during a period when BTC weakened and ETH performed better in spot markets. It uses perpetual-swap funding rates, annualized futures yields, at-the-money implied volatility, and options…
This market commentary uses BTC options flow to assess positioning during a period of weakness across risk assets. Although Bitcoin held up relatively well in spot trading, the author says options activity leaned defensive: put buying continued during price…
The article reviews Bitcoin’s rebound after a weekend selloff linked to geopolitical tensions, then examines how crypto options markets responded. It describes a rise in realized volatility, front-end BTC volatility finding support, and weekend price swings…
This option-flow note describes BTC call activity during a period when strong price resistance frustrated traders positioned for upside. It reports sales of calls at several strikes and expiries, alongside rolling some March call exposure up and out to June.…
This weekly review links crypto prices and derivatives positioning to changing expectations for central-bank policy. It describes a rebound in BTC and broader crypto prices alongside improving futures premiums and a shift in far-dated options skew toward…
This weekly report reviews BTC and ETH derivatives during a period when spot prices had stabilized after a rally. It compares annualized futures premiums, perpetual swap funding, at-the-money implied volatility, volatility surfaces, and 25-delta put-call…
This market commentary tracks crypto options activity during the November 2022 FTX and Alameda crisis. It describes an initial period when implied volatility and option flow reflected uncertainty without uniformly one-sided positioning, followed by…
This commentary examines a BTC and ETH spot selloff through changes in options implied volatility, perpetual swap funding, and open interest. It reports that one-month at-the-money implied volatility rose from a subdued trend, while perpetual funding turned…