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 weekly review links expectations of Federal Reserve tightening to weakness in crypto prices and changing derivatives indicators. It describes the prospect of earlier rate increases and a smaller balance sheet as a threat to liquidity, then reports…
This commentary interprets a crypto rally through options-market measures, emphasizing ETH’s stronger momentum relative to BTC. It describes ETH realized volatility rising sharply, front-end implied volatility increasing, and call skew turning positive as…
This market note reviews the rebound in BTC and ETH after a sharp decline, then focuses on how realized and implied volatility, skew, and option flows changed. It reports that realized volatility moved closer to implied volatility as large price moves left…
This Portuguese course listing maps out an introductory curriculum for cryptocurrency options. It begins with an introduction and basic option definitions, then covers calls and puts in general and in crypto-specific contexts. Later sections focus on…
This commentary considers how uncertainty around the US election could affect BTC volatility. It argues that predicting the direction of BTC after a defined political event is difficult, while a large move in either direction may create demand for options. A…
This strategy note outlines a bull call spread for a trader expecting BTC to rise toward or above a stated target over a short horizon. The position buys a lower strike call and sells a higher strike call with the same expiry. The example uses two…
This weekly market recap reviews BTC and ETH futures yields and options implied volatility. It reports that short tenor futures yields weakened, with ETH yields falling below zero at shorter tenors, while longer tenor yields were comparatively steady. It…
The note reviews a brief burst of Bitcoin and Ether options buying as prices fell below stated levels. It describes December put spreads that put attention on a lower strike, alongside call buying in Ether and a large buyer of March Bitcoin calls. The…
This desk commentary traces a sharp rise in Bitcoin implied volatility after a price rebound and compares it with a more muted initial response in Ether options. It attributes the difference partly to concentrated dealer gamma and vega exposure in ETH, while…
This weekly options-flow note examines crypto markets around expected Federal Reserve tightening and uncertainty about the war in Ukraine. It describes implied volatility falling after a pre-event surge, while traders accumulated BTC upside exposure through…
This weekly derivatives recap describes how changing geopolitical headlines affected crypto risk sentiment and options markets. It reports that BTC and ETH rebounded as negotiations appeared possible, while the report’s risk-appetite indexes rose past a…
This market commentary interprets a rally in Bitcoin and changing options positioning across BTC and ETH. It links the move above prior resistance to ETF expectations, notes a positive shift in the spread between BTC futures basis and US Treasury yields, and…
This market commentary links a Bitcoin and Ethereum rally to spot ETF demand, seasonal patterns, supply constraints, and shifts in speculative positioning. It reviews spot prices, realized and implied volatility, options term structures, call and put skew,…
This weekly market recap reviews Bitcoin and Ethereum derivatives through annualized implied yields, at-the-money volatility, delta skew, volatility surfaces, and calibrated smile curves. It describes how those measures changed around October 13 and compares…
This weekly report reviews derivatives positioning and option pricing in Bitcoin and Ethereum. It says perpetual swap funding and futures-implied yields remain well below the leverage extremes before a late-March market flush. Implied volatility fell across…
The document proposes a short strangle for Bitcoin when price is expected to remain between nearby support and resistance. It describes selling an out-of-the-money call at a higher strike and a put at a lower strike, with the same expiry. The example uses…
This opinion piece presents a bullish Bitcoin breakout thesis based on a long consolidation range and a proposed move toward the next major price level. It describes buying October calls before a rally tied to ETF expectations, then rolling those calls into…
This weekly market report compares Bitcoin and Ethereum derivatives indicators during a period of recovering spot prices. It uses perpetual funding rates, futures-implied yields, at-the-money implied volatility, and 25-delta risk reversals to describe…
This market note links Ethereum’s volatility repricing to renewed interest in a possible spot ETF. It compares BTC and ETH realized and implied volatility, term structures, option skew, and dealer gamma. The reported week saw ETH volatility rise sharply…
The document presents an Ethereum call ratio spread for a market view that expects limited upside around the anticipated launch of spot Ether ETFs. The example buys one $3,800 call and sells two $4,000 calls with the same expiry. The thesis is that…
The document describes a bearish Bitcoin options trade based on reported spot ETF outflows, a technical downtrend, and economic uncertainty. Its proposed bear call spread sells a call at a lower strike and buys a call at a higher strike with the same expiry.…
This announcement describes Mercury Digital Assets’ integration with Deribit through its BEACON platform and API. The connection gives professional and institutional traders access to bitcoin and ethereum options, futures, and perpetual swaps. The platform…
This options-flow note interprets pressure on Bitcoin calls and implied volatility after spot repeatedly failed to hold above the 25–25.3k area. It reports that about 1.5k February 24 26k calls were sold and describes continued selling of near-dated…
This podcast recap considers whether a recent crypto price decline is a healthy correction or a sign that the macro backdrop has shifted. One speaker views the dip as healthy and points to relatively small ETF trade sizes as evidence that larger real-money…