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 market commentary links crypto option activity with a sharp Bitcoin decline amid Mt. Gox creditor distributions, Ether ETF trading, and weaker broader markets. It describes earlier demand for short-dated BTC calls around anticipated conference remarks,…
This weekly report interprets Bitcoin and Ether derivatives pricing in the run-up to the U.S. election. It compares short and long option maturities, futures premiums, funding rates, and option skew to describe a mixed near-term picture alongside more…
The note tracks Bitcoin options positioning around a market rally following an announced truce. It describes short-dated call buying, put selling or rolling to higher strikes, and a call-condor structure aimed at further near-term upside. One put position…
This market note interprets recent conditions in Bitcoin and Ether through realized volatility, implied volatility, options skew, and the ETH/BTC relationship. It reports that realized volatility had eased, front-end implied volatility had declined, and…
This trade note presents a defined-risk bull call spread on ETH in response to anticipated spot ether ETF launches. The structure buys a lower-strike call and sells a higher-strike call with the same expiry, creating a net debit. The example buys the $3,550…
This commentary examines BTC and ETH derivatives positioning after a mid-August selloff. It compares at-the-money implied volatility across maturities, volatility smile steepness, and one-month 25-delta risk reversals. The report says spot prices were…
This podcast episode discusses a choppy crypto market and the possibility that Ethereum could approach prior highs. The hosts connect ETH strength to anticipated stablecoin legislation, ETF inflows, a breakout in Ethereum dominance, and shifting supply and…
This weekly report reviews crypto derivatives positioning through futures-implied yields and options volatility measures for BTC and ETH. It describes BTC futures yields moving closer to zero as a spot rally loses momentum, while BTC at-the-money implied…
This market commentary examines BTC options activity during a sharp spot decline associated with German government BTC sales, Nasdaq weakness, and Mt. Gox transfer notifications. Despite expectations that uncertainty might raise implied volatility and put…
This report reviews how BTC and ETH derivatives responded to a spot-market selloff. Short-dated implied volatility briefly rose above longer-dated volatility, inverting the term structure, before volatility fell. ETH implied volatility remained five to ten…
This weekly market review tracks BTC and ETH futures yields, perpetual swap funding, and options volatility. It reports that annualized yields for both assets rose, reaching levels last seen around the buildup of leverage before BTC’s ETF announcement.…
This weekly report reviews BTC and ETH futures yields, perpetual swap funding, options volatility, and volatility skews. It describes a rebound in spot prices after a selloff, alongside increases in at-the-money implied volatility that did not break the…
This market note tracks changes in Bitcoin and Ether options flow around news that Grayscale prevailed against the SEC. Before the news, the author describes mixed positioning: call buying at several expiries coexisted with downside hedges and offered calls.…
This podcast episode brings together crypto and financial-market commentators to discuss a Bitcoin market dip amid tariff uncertainty, stagflation concerns, and changing expectations for liquidity and Federal Reserve policy. The episode is framed around…
This weekly report examines BTC and ETH futures, perpetual swap funding, and options volatility. It describes implied volatility falling in both assets after early-January ETF event risk had passed. Although volatility declined, out-of-the-money call…
This weekly market recap connects macroeconomic commentary about the Federal Reserve with moves in BTC and ETH derivatives. It reports that both assets’ implied volatility rose across the curve as spot prices fell. BTC futures positioning appeared less…
This weekly report surveys BTC and ETH derivatives through futures yields, perpetual swap funding, at-the-money implied volatility, volatility surfaces, and SABR skew. It describes futures trading above spot across sub-year tenors for BTC and ETH, alongside…
This desk commentary examines Bitcoin and Ether options around a Federal Open Market Committee rate decision. Before the announcement, front-end implied volatility rose while spot prices were relatively steady; after the rate increase, volatility fell…
This weekly report reviews Bitcoin and Ether derivatives during a sharp spot rally followed by some retracement. It tracks three directional indicators—options smile skew, perpetual swap funding, and futures-implied spot yields—and describes each rising with…
This short market commentary describes Bitcoin options positioning around an upcoming US CPI release. It reports continued buying of September puts on spot declines and calls on rallies, alongside purchases of out-of-the-money October calls at progressively…
This guide explains how to navigate Deribit’s options chain and place a basic options order. The chain groups contracts by strike, with calls and puts on opposite sides and bid and ask prices shown for each. Selecting a contract opens an order form with its…
This market commentary interprets a change in Bitcoin options positioning. After prior purchases of January and February calls at several strikes, the author reports selling some of those positions, including a full exit from one January call position and…
The article outlines a bullish-to-neutral ETH options setup for an expiry on August 30, 2024. It proposes buying one out-of-the-money $2,800 call and selling two $2,900 calls with the same expiry. The stated rationale combines a pattern of higher highs and…
The commentary compares Bitcoin’s 2023 price and volatility behavior with US equities and the S&P 500 volatility benchmark. It reports that Bitcoin gained substantially year to date while its recent return correlation with equities fell near zero. The…