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 tracks Bitcoin options activity during a sharp selloff tied to tariff threats. It describes traders selling March calls at high strikes, shifting some exposure into later expiries or lower strikes, and buying nearer-dated calls around lower…
This Portuguese-language lesson introduction defines option theta, also called time decay, as a measure of how an option's price is expected to change as time passes. It identifies implied volatility, time, and multi-leg option positions as related subjects…
The article presents a short strangle as a way to express the view that Bitcoin will remain between a nearby demand area and overhead supply. The example sells an out-of-the-money call at the upper boundary and an out-of-the-money put at the lower boundary,…
This commentary interprets large BTC and ETH option transactions by considering strike, expiry, premium, execution style, timing, and related trades together. It argues that a conspicuous sequence of BTC put purchases may not represent a simple bearish bet:…
This weekly report reviews crypto derivatives conditions for BTC and ETH after BTC reached a new record high and then traded within a stated price range. It tracks directional sentiment through perpetual swap funding, futures implied yields, at-the-money…
This beginner guide explains the exchange workflow for finding and trading an option. It describes locating an expiration in the option chain, identifying a strike and distinguishing calls from puts, opening an order form, and entering size and limit price.…
The trade idea pairs a long call at a lower strike with a short call at a higher strike, using the same Ether underlying and expiration. It is opened for a net debit and is intended for a moderately bullish view: gains are capped at expiration once Ether…
This weekly report reviews Bitcoin and Ether derivatives after a sharp recovery to pre-FTX price levels. It connects futures premiums and positive perpetual swap funding with increased demand for long exposure, while describing a rise in at-the-money implied…
This market commentary links Bitcoin’s move above $70,000 to ETF inflows, political sentiment, and other current events, while noting that geopolitical tensions and brief concerns about Tether had limited or temporary effects in the account presented. It…
This market-flow commentary describes substantial buying of Bitcoin calls across several expiries and strike levels, including short-dated activity and larger trades in later maturities. It reports a net premium outlay and estimates aggressive net vega…
This commentary considers how Bitcoin’s rally, subdued option pricing, and the possibility of sudden shocks can coexist. It cites the breakout to a new high in July 2025 and subsequent momentum, while noting that short liquidations may have contributed to…
This weekly report reviews BTC and ETH derivatives conditions using futures-implied yields, perpetual swap funding rates, option implied volatility, risk reversals, and volatility surfaces. It describes a rise in spot prices alongside higher futures yields…
This market commentary tracks Bitcoin options activity around a price decline and rebound. It describes traders selling October and November 70,000 calls and buying October puts with strikes from 57,000 to 60,000 amid speculation about US government selling.…
This weekly market note interprets BTC and ETH price action through options term structure, skew, open interest, cumulative volume delta, liquidations, and reported options flows. It describes front-end BTC implied volatility easing while longer-dated levels…
This podcast description outlines how listed companies build Bitcoin treasuries and use capital markets to fund additional purchases. The guest, a capital markets executive at Smarter Web, describes the company’s shift from web services toward a…
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…
The document outlines a defined-risk call butterfly for traders expecting a modest short-term rise in Bitcoin. The structure buys one call at a lower strike, sells two calls at a middle strike, and buys one call at a higher strike. Its example uses strikes…
The article links an ETH options trade idea to the expected progress of spot ETF applications and a bullish technical breakout. It says the SEC returned issuer registration forms with minor comments and that refiling was needed before trading could begin. On…
This overview describes a Python visualizer for plotting the combined profit and loss at expiry of one or more options. Users choose linear or inverse contracts, set the underlying price range, and enter each option’s type, premium, strike, and position…
This desk commentary reviews Bitcoin and Ethereum options trading around an FOMC decision. It describes a shift from offered to bid short-dated gamma amid sharp Bitcoin moves around the $23,000 strike, with front-expiry at-the-money implied volatility rising…
The document presents a bullish Bitcoin options trade based on signs of recovery on the four-hour chart and a Drop-Base-Rally pattern on the daily chart. It identifies support near $58,500 and cites a prior move from the demand zone toward $72,000 as context…
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…
This study tests a short-volatility strategy that sells a 0.35-delta Bitcoin strangle shortly before the weekend, holding the options to expiry and accounting for fees and assumed slippage. It extends an earlier historical test through April 2025, then…
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…