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
This monthly market report reviews the late-2020 bitcoin and ether rally alongside exchange activity, options turnover, open interest, put-call ratios, and implied volatility. It reports substantial growth in trading and options open interest, with December…
This commentary compares bitcoin and ether option markets using at-the-money implied volatility and the term structure of volatility skew. In the cited snapshot, ether’s at-the-money implied volatility was above bitcoin’s, while both markets showed a…
The commentary tracks bitcoin options around a consumer price index release and a sharp spot rally. It describes a pre-release decline in implied volatility, including heavy near-the-money call offers, followed by a steep drop in short-dated volatility after…
This weekly recap links a strong rally in Bitcoin and Ether spot prices with changes in derivatives positioning. It describes rising futures-implied yields, elevated perpetual funding, and options skew shifting toward out-of-the-money calls. The report…
This weekly market recap interprets futures yields, perpetual swap funding, and options data for Bitcoin and Ether. It reports that both assets had bounced from range lows and were trading near the middle of their recent ranges, while funding stayed around…
This desk commentary examines Bitcoin and Ether options activity during the March 2023 banking turmoil, including USDC’s depeg and renewed volatility. It describes a surge in Bitcoin option volume, sharp increases in short dated implied volatility, and a…
This weekly market note interprets Bitcoin options activity across two episodes in early March 2021. It links rallies and tests of support to changes in put selling, call demand, implied volatility, skew, and near dated gamma exposure. The author…
This analysis explains how Bitcoin’s realized volatility rose in brief spikes during sharp price selloffs in 2022, while long stretches of sideways trading kept volatility subdued. It describes the effect of a rolling 14-day estimate: one large daily return…
This options-market note interprets positioning amid attention to Grayscale Bitcoin Trust outflows, ETF inflows, and possible supply from Mt. Gox and Celsius. It describes an ETH options trader rolling a short call closer to at-the-money and selling another…
This market commentary describes a relatively quiet crypto weekend, with Bitcoin and Ether little changed while some altcoin sectors softened. It observes that crypto volatility had declined even as trading volume increased, interpreting that combination as…
This weekly review weighs improving crypto prices and derivatives sentiment against macroeconomic risks. It links the market rebound to expectations that recession concerns could slow Federal Reserve tightening, while arguing that inflation, liquidity…
This brief flow report describes BTC options activity around a price move driven by changing U.S.–Iran headlines. As BTC moved above the recent trading range, short calls were reportedly covered or rolled to higher strikes, while some traders continued…
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 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 essay examines the 2022 crypto downturn through market stress, macroeconomic conditions, and signs of continued activity across blockchain ecosystems. It connects institutional failures and falling asset prices with volatility spikes, reduced spot…