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 note interprets recent crypto options activity amid a Bitcoin rally and ahead of the expected start of Ether ETF trading. It describes concentrated buying of Bitcoin calls across several expiries and strike levels, with more than six million…
This article presents a call ratio spread for traders expecting Polygon’s MATIC token to rise amid a broadly bullish crypto market. The example buys one call at a lower strike and sells two calls at a higher strike, all with the same expiry. It outlines…
This podcast episode reviews crypto market weakness following the ByBit hack, alongside discussion of macro conditions, political developments, institutional flows, and the evolution of the digital asset market. The hosts present a broadly constructive…
This weekly report describes the reaction of BTC and ETH derivatives markets to the collapse of FTX. It notes that annualized futures yields fell sharply below zero, implied volatility spiked and remained elevated, and short dated options carried the highest…
This article describes pulling Deribit account and market data into spreadsheet dashboards through an API integration. Examples include tracking balances across subaccounts, open orders and positions, trades, profit and loss, margin, options Greeks, implied…
This weekly snapshot reviews BTC and ETH futures yields, perpetual funding, and options volatility after a price pullback and recovery. It reports that short dated futures yields rose from recent lows, funding stayed positive but modest, and implied…
This weekly market report reviews Bitcoin and Ether derivatives through perpetual funding rates, futures-implied yields, at-the-money implied volatility, and options risk reversals. It also references risk appetite indices and compares volatility surfaces…
This weekly report reviews Bitcoin and Ether derivatives during a spot rally that tested prior highs. It tracks futures-implied yields, perpetual swap funding, at-the-money implied volatility, and 25-delta risk reversals, alongside exchange comparisons and…
The article argues that low historical implied-volatility percentiles could make Bitcoin options relatively inexpensive ahead of possible October catalysts. It cites anticipated decisions on spot Bitcoin ETF applications, a court-related Grayscale matter,…
The article reviews a crypto-market recovery after a major liquidation episode, pointing to rebuilding volumes and open interest, returning liquidity, and institutional ETF inflows as signs of stabilization. It also notes that crypto has lagged equities and…
The article frames a Bitcoin rebound from a previously identified demand zone, which it says also aligned with a Fibonacci retracement, as a possible setup for a defined-risk bullish options trade. It describes buying one call at a lower strike, selling two…
The document outlines a defined-risk bearish options position for a view that Bitcoin will remain below resistance. The example sells a June 28 call at a $70,000 strike and buys a same-expiry call at $72,000, collecting a net credit of $273 per BTC. If BTC…
The article interprets reported BTC and ETH options trades, connecting option structures with possible hedging or directional views. In BTC, it describes put purchases around the sale of a large position, firmer put skew during demand, subsequent…
This market commentary reviews crypto spot trends, realized and implied volatility, options positioning, and BTC–ETH volatility spreads during a rally to fresh highs. It attributes Bitcoin strength to spot ETF inflows and other institutional demand, while…
The guide explains an option strategy selector that compares strategies against a trader’s forecast for an asset price on a chosen date. Users specify the currency, expected price, forecast date, and maximum investment. The tool uses current option-market…
This weekly commentary examines how the 2022 FTX liquidity crisis affected Bitcoin and Ether volatility markets. It links the sudden deterioration in confidence around FTX and Alameda to sharp increases in delivered and implied volatility, alongside stronger…
The announcement describes Deribit’s addition of Pax Gold (PAXG), a token backed by physical gold held in custody, to its trading platform. Available products include spot, perpetual futures, dated futures, and options. The stated use cases include taking…
This market commentary describes a rise in short-dated implied volatility after geopolitical news, with a larger increase in ETH than BTC. It contrasts that near-term move with continued call demand in longer-dated expiries, which the author interprets as…
This tutorial explains how USDC-settled options on SOL, XRP, and MATIC differ from BTC and ETH options. Premiums and expiry payments are made in USDC, while contract multipliers determine the underlying notional represented by each contract. Traders…
The episode reviews Bitcoin’s disappointing performance in 2025 despite supportive macroeconomic conditions, including strength in precious metals and ETF inflows. The speakers attribute the muted price action to persistent selling by large holders and…
The note interprets recent Bitcoin options positioning as a tug-of-war between downside protection and call overwriting. It identifies put purchases and put spreads around lower strikes as evidence of defensive positioning, while an overwrite fund shifted…
A podcast discussion surveys Bitcoin’s market conditions through the perspectives of a derivatives professional and the hosts. It links muted realized volatility and one-directional institutional flows to a broader sense of market apathy, and asks whether…
This weekly market recap describes how BTC and ETH derivatives reacted to a sharp October 2025 selloff following escalating US–China trade tensions. It reports that BTC had first reached a new high, then fell alongside ETH as more than $19 billion in…
This weekly recap outlines changes in Bitcoin futures pricing and options volatility following the LUNA market shock. It reports that the futures term structure regained a positive slope and that implied volatility returned to a more typical shape. The…