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.
12,303 documents
The note presents a zero-debit BTC call ladder for a moderately bullish view. It buys a March 15 call at $72,000 and sells calls at $74,000 and $78,000, seeking a profit if BTC finishes between the two short-call strikes. The proposed rationale is a pattern…
This desk commentary describes how options positioning and trading flow shaped BTC and ETH price behavior during a volatile week. It characterizes BTC as pinned near a heavily traded strike, with short-dated demand and option-related bids helping contain…
This options-flow commentary examines a reported BTC trade that sold a strip of July calls to help finance a more distant September call spread. The author interprets the structure as retaining modest near-term directionality while expressing a preference…
This weekly market note compares Bitcoin and Ethereum derivatives through futures-implied yields, perpetual swap funding rates, at-the-money implied volatility, volatility surfaces, and 25-delta put-call skew. It reports that annualized futures yields remain…
This commentary examines the volatility shock following FTX's insolvency in November 2022. It reports sharp increases in BTC and ETH implied and realized volatility, and a particularly large implied volatility rise in Solana. After the initial repricing,…
This weekly snapshot reviews BTC and ETH futures, perpetual funding, options volatility, risk reversals, and volatility surfaces. It reports that recent realized volatility was low and that implied volatility for both assets continued to decline toward…
This podcast description outlines a discussion of why Bitcoin and Ether have lagged gold and equities despite improving macro conditions. The speakers connect subdued crypto option volatility with liquidity developments, the end of a large options expiry…
This weekly snapshot reviews BTC and ETH derivatives using futures-implied yields, perpetual swap funding, option implied volatility, risk reversals, and volatility surfaces. It reports positive BTC futures yields and funding alongside negative ETH readings…
This market note interprets Bitcoin options activity around a sharp spot decline associated with anticipated Mt. Gox distributions and German government sales. It reports that traders restructured longer-dated upside calls, shifting exposure from high…
This podcast listing describes a discussion between crypto derivatives hosts and the co-founders of Immersive Finance. The guests explain the demand among institutional crypto participants for detailed market data and risk management systems, drawing on…
This weekly market recap compares Bitcoin and Ether derivatives using futures implied yields, perpetual swap funding, options volatility, risk reversals, and volatility surfaces. It describes ETH yields weakening most at shorter maturities after a spot…
This desk commentary interprets Bitcoin and Ether options activity during a mostly static week for Bitcoin spot prices. It reports demand for short-dated options, longer expiries, and wing strikes as Ether reached cycle highs before retracing. Bitcoin’s…
This podcast summary discusses how geopolitical tensions and inflation concerns were affecting crypto sentiment and volatility. The speakers consider the prospect of a prolonged Middle East conflict, the Bitcoin halving, and the possibility that crypto…
The document presents a bullish options trade on MATIC based on an altcoin rally, expectations of a possible European Central Bank rate cut, and technical support near $0.69. It describes a call ratio spread: buy one out-of-the-money call at a lower strike…
The trade note presents a bearish ETH thesis after reported outflows from US spot Ethereum ETFs on their second trading day. It also points to a broader sell-the-news pattern around crypto product launches, potential selling pressure from initial Mt. Gox…
This weekly market recap reviews BTC and ETH futures, perpetual swap funding, and options volatility. It reports that one-month at-the-money implied volatility was near 40% and broadly steady after a prior decline. Futures yields, funding rates, risk…
This commentary reads Bitcoin and Ether options activity alongside spot prices, funding, realized volatility, and implied volatility during late August and early September 2022. It interprets positive put skew, negative perpetual funding, and limited implied…
This weekly market recap interprets futures yields, perpetual swap funding, implied volatility, and options skew for Bitcoin and Ether. It describes bullish positioning through positive futures yields, funding rates, and call-side demand, while noting that…
This market commentary interprets Bitcoin options activity as evidence of competing views on macro risks. It reports continued buying of calls in the 90,000–100,000 range, with some positions financed by selling lower strike puts or rolled from an earlier…
The episode reviews a rebound in crypto markets after a decline into September options expiry, alongside option positioning and macroeconomic themes. It describes continued demand for Bitcoin upside calls around 90,000–100,000, partly financed by put sales,…
This article explains using a long, initially delta-neutral Bitcoin straddle to seek gains from volatility around a major event. It describes buying a call and put at the same strike, then adjusting delta over time through gamma scalping. The position can…
This market commentary contrasts Ether’s recent momentum with macroeconomic factors seen as supportive of Bitcoin, then reviews volatility, options skew, and ETH/BTC relative value. It reports that realized volatility was steady while implied volatility…
This weekly market recap reviews Bitcoin and Ether futures, perpetual funding, and options volatility. It describes a more compressed implied-volatility term structure: front-end volatility rose while longer-dated volatility was flat or lower. Bitcoin’s…
This market note reviews Bitcoin and Ether derivatives positioning during a holiday period marked by falling realized and implied volatility. It describes active selling of very short-dated gamma and reduced front-month option volatility, alongside a…