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 commentary reviews volatility selling in Bitcoin and Ether options during 2022, when calmer price behavior and steady supply from structured products and distressed miners supported yield-seeking strategies. The authors describe a shift toward harvesting…
This podcast summary links Bitcoin’s rise to a broader debasement trade amid a US government shutdown, tariff-funded stimulus discussions, global rate cuts, and rising liquidity. The hosts and guest interpret subdued volatility, steady funding rates, and…
This brief options-flow commentary describes traders positioning for a potential BTC ETF approval deadline. Rising perceived approval odds coincided with Bitcoin and Ether challenging yearly highs, but repeated resistance near the cited BTC and ETH levels…
The report interprets Deribit BTC options data from 2022 to describe changing expectations after the UST depeg and subsequent crypto credit stress. It explains how an implied volatility surface compares options across delta and expiry, and uses put-call skew…
This episode description outlines a discussion of crypto and macro conditions that had lifted equity markets toward prior highs after months of range trading. The speakers consider whether Bitcoin may be near a bottom and whether crypto prices could break…
The article examines a sharp December 2021 crypto selloff amid worries that the Federal Reserve would taper asset purchases faster and raise rates sooner. It connects macro news and weak equity markets with a broad risk asset decline, then describes how spot…
This three-day options-flow recap examines Bitcoin and Ethereum positioning around Coinbase's April 2021 listing. Before the event, the author describes elevated implied volatility, short-dated two-way trading with a bullish tilt, and larger fund…
The article reviews a sharp crypto selloff and explains its effects on realized and implied volatility, option term structures, skew, and trading flows. It attributes pressure to weak narratives and potential creditor and government supply, while noting that…
The note tracks Bitcoin options activity around a market pullback and expiry. It contrasts sales of far out-of-the-money June and July calls and some short-dated put buying with later demand for June 27 calls across several strikes. The author interprets the…
The document describes a Bitcoin call butterfly built by buying calls at $76,000 and $80,000 and selling two calls at $78,000, all with the same expiry. It frames the position as moderately bullish, with a potential gain concentrated around the middle…
This weekly market recap compares Bitcoin and Ether derivatives during a sharp spot sell-off. It describes a larger volatility premium and a more inverted volatility term structure for ETH, while BTC’s front end has flattened less dramatically. Short-dated…
This market review links BTC’s relative strength and rising call demand to support holding near $25K, renewed optimism around a possible BlackRock ETF, and regulatory pressure on altcoins. It contrasts that picture with weaker ETH performance and put-leaning…
The article reviews a volatile crypto market after new U.S. tariffs intensified macroeconomic uncertainty. It reports a sharp BTC pullback after testing $88K, larger losses for ETH and SOL, and diverging weekly flows: BTC received $195M while ETH saw $112M…
This weekly market note interprets Bitcoin options activity alongside spot movement and realized and implied volatility. It reports that a long protective put combined with long spot had performed well during a period of market uncertainty. After BTC failed…
This educational guide explains how to construct straddles and strangles and how their payoff profiles respond to price movement and implied volatility. A straddle combines a call and put at the same strike and expiry; a strangle uses an out-of-the-money put…
This weekly options commentary interprets BTC positioning through reported trades, maturity changes, volatility structure, and put skew. It describes traders moving upside exposure from March and June calls into April and May calls at a lower, more immediate…
This November 2023 market review compares BTC and ETH spot performance, realized volatility, implied volatility, and options skew. It attributes much of the month’s price rise to a weaker US dollar and notes that ETH outperformed BTC in both returns and…
This market commentary links crypto option activity with a sharp Bitcoin decline amid Mt. Gox creditor distributions, Ether ETF trading, and weaker broader markets. It describes earlier demand for short-dated BTC calls around anticipated conference remarks,…
This weekly report interprets Bitcoin and Ether derivatives pricing in the run-up to the U.S. election. It compares short and long option maturities, futures premiums, funding rates, and option skew to describe a mixed near-term picture alongside more…
The note tracks Bitcoin options positioning around a market rally following an announced truce. It describes short-dated call buying, put selling or rolling to higher strikes, and a call-condor structure aimed at further near-term upside. One put position…
This market note interprets recent conditions in Bitcoin and Ether through realized volatility, implied volatility, options skew, and the ETH/BTC relationship. It reports that realized volatility had eased, front-end implied volatility had declined, and…
This commentary examines BTC and ETH derivatives positioning after a mid-August selloff. It compares at-the-money implied volatility across maturities, volatility smile steepness, and one-month 25-delta risk reversals. The report says spot prices were…
This podcast episode discusses a choppy crypto market and the possibility that Ethereum could approach prior highs. The hosts connect ETH strength to anticipated stablecoin legislation, ETF inflows, a breakout in Ethereum dominance, and shifting supply and…
This weekly report reviews crypto derivatives positioning through futures-implied yields and options volatility measures for BTC and ETH. It describes BTC futures yields moving closer to zero as a spot rally loses momentum, while BTC at-the-money implied…