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 outlines a Bitcoin call butterfly spread for a trader expecting a bullish backdrop while targeting a particular expiry price. The structure buys one call at a lower strike, sells two calls at a middle strike, and buys one call at a higher strike.…
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…
The document outlines a bullish Bitcoin options trade based on the possibility that price retraces to a demand zone near $64,000 after breaking above a stated supply area around $67,000. It proposes a bull put spread: sell a higher-strike put and buy a…
The document presents a bullish but capped-view options trade following Bitcoin’s rebound from a stated pivot level and substantial inflows into US spot Bitcoin ETFs. The proposed call ratio spread buys one out-of-the-money call and sells two calls at a…
The report reviews Bitcoin and Ether spot performance, realized and implied volatility, spot/volatility relationships, risk reversal skew, and options positioning during Q2 2023. It describes a method for estimating option trade aggressor direction using…
This market note tracks Bitcoin option activity around resistance near $30,000 and discusses selling by the Ethereum Foundation. It describes call buying concentrated around rallies, including activity in May and June expiries, but observes that implied…
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:…
The episode description frames a discussion of Bitcoin’s difficulty advancing through an $80,000 supply area while equities and semiconductor shares rally. It also mentions a gap between crypto and technology stocks, options traders seeking yield,…
The commentary links a strong crypto rally to liquid staking expectations ahead of Ethereum’s Shanghai upgrade, persistent call buying, changing option skew, and shifting expectations for US inflation and interest rates. It argues that increased staking…
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 market commentary links a broad crypto rally to easing macro pressure and describes ETH’s unusually strong performance relative to BTC. It considers two possible interpretations: an ETH-specific move or a return to a pattern in which Bitcoin strength…
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 podcast overview considers choppy crypto markets amid rate volatility and concerns about economic growth. Hosts discuss the macro backdrop and crypto volatility with a product strategy executive from Talos, including how the US election and an…
This podcast episode brings together Deribit’s CEO and Hashnote’s founder to discuss collateral and institutional participation in crypto markets. The conversation describes demand for high quality collateral that can earn yield, and a partnership intended…
This weekly flow commentary tracks Bitcoin options around Tesla’s announcement of a Bitcoin treasury allocation. The author describes spot rising sharply, short-dated implied volatility surging as traders bought calls, and volatility easing as the market…
This market review examines the decline in Bitcoin and Ether volatility through May 2023. It compares one-month at-the-money option implied volatility with realised volatility calculated from hourly returns, and relates both measures to spot trading volume.…
The article proposes a relative-value approach to Bitcoin and Ethereum based on their historical relationship. Its statistical workflow measures correlation, fits a linear regression, estimates beta, tracks residuals, tests cointegration, and considers a…
The commentary examines how Bitcoin and Ethereum markets reacted to a false report that a spot Bitcoin ETF had been approved. It describes a sharp spot-price move that later retraced, alongside elevated implied volatility and changes in options skew. The…
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 derivatives review connects headline-driven bitcoin and ether price moves with implied volatility, risk appetite, and options skew. It reports that bitcoin briefly rallied above $78,000 after an announcement about the Strait of Hormuz, then…
This trade idea uses a bearish technical view of bitcoin to motivate selling an out-of-the-money call. The author cites a pattern of lower highs, repeated rejection at supply zones, and weak interest indicated by bitcoin ETF inflows. Notable open interest at…
This desk commentary tracks bitcoin and ether prices, implied volatility, and options flow during a sharp late-January pullback and rebound. It describes front-end implied volatility falling before and during the drop, while bitcoin’s spot-to-volatility…
This market commentary describes an unusual bend in Ethereum options skew at the one-month tenor. It interprets skew through the SABR rho parameter: negative values indicate relative demand for out-of-the-money puts, while positive values indicate relative…