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 defines volatility as the dispersion of continuously compounded returns and explains why higher volatility, all else equal, raises option value. It distinguishes historical volatility, estimated future volatility, traders’ expected volatility,…
This market commentary interprets crypto options conditions ahead of the U.S. election, focusing on Bitcoin and Ethereum realized volatility, implied volatility, skew, term structure, and relative performance. It describes realized volatility as stable while…
This market commentary reviews Bitcoin and Ethereum options conditions, covering realized and implied volatility, carry, skew term structures, and relative value. It reports that realized volatility rose, implied volatility did not keep pace in Bitcoin as…
This market commentary connects Federal Reserve easing, Bitcoin price prospects, spot ETF adoption, and options volatility. It contrasts a possible short-term volatility surge with a longer-term decline as institutional ownership grows. For a bullish…
This study builds a convertible-bond strategy that separates bonds into equity-like, balanced, and bond-like groups using parity premium relative to bond value. It models each bond as a floor component plus option time value, then examines where factor…
This research proposes treating convertible bonds differently according to whether they are bond-like, balanced, or equity-like, classified by the premium of parity value over bond value. It explains a valuation decomposition in which a bond floor or…
This market commentary links a decline in US yields and expectations of a possible soft landing with gains in Bitcoin, Ether, and gold. It reviews the coming employment and central bank events, then interprets crypto options activity: traders appeared…
This example outlines a disclosure-following workflow based on public House periodic transaction reports. It distinguishes the transaction date from the date a filing becomes public, and says a strategy should only make a record available from publication…
This weekly market commentary reviews Bitcoin and Ether options positioning before a US inflation release in February 2023. It connects macro uncertainty and recent spot declines to implied volatility, realized volatility, term structure, and risk reversals.…
This recap reviews Bitcoin and Ether options and volatility conditions in early April 2023. It tracks realized volatility, term structure, put and call skew, options flow, and dealer gamma positioning as a compact framework for reading the derivatives…
This market recap reviews BTC and ETH options conditions during a sharp spot-market selloff and rebound. It discusses realized and implied volatility, term structures, volatility carry, skew, relative value between ETH and BTC, options trading flows, and…
This podcast overview introduces Panoptic, a decentralized protocol for minting, trading, and making markets in perpetual put and call options. The conversation is described as covering co-founder Guillaume Lambert’s path from physics into decentralized…
The article explains a box spread formed from four options at two strike prices: a lower-strike call is bought, a higher-strike call is bought, and puts at the two strikes are sold and bought in the corresponding legs. It presents the position as the…
This glossary introduces twelve finance concepts spanning central-bank policy, corporate transactions, securities, valuation, and financial risk. It explains rediscounting and open-market operations as channels through which central banks influence liquidity…
This guide explains how to enable a trading gateway in VeighNa Station or load one from a startup script, connect through VeighNa Trader, and view account, position, order, trade, and contract information. Gateway settings can be edited in the application or…
This weekly market commentary reviews Bitcoin and Ethereum options ahead of US inflation releases and other macro events. It compares realized and implied volatility with historical ranges, examines the relative volatility of ETH and BTC, and discusses…
The commentary considers how trade war headlines and scheduled US economic releases could affect crypto prices and options volatility. Its base case is that Bitcoin remains in a broad consolidation range, with a possible test of the lower boundary and a…
This short forum exchange discusses how to handle large orders when building options strategies with the elite_optionstrategy module. A response explains that the module does not provide detailed control over placing and canceling orders. Instead, it…
This platform guide describes how to select and trade cryptocurrency options through a common trading interface. It outlines contract selection, market-data retrieval, order placement and cancellation, and position queries for Deribit and OKX. It also lists…
This weekly report examines Bitcoin and Ether options around regulatory news and a busy US macro calendar. It describes short-dated implied volatility rising after enforcement actions, a brief move into backwardation, and a flatter term structure afterward.…
The note links uncertainty after a US government shutdown to crypto risk and options pricing. It argues that missing October inflation and employment releases complicate the Federal Reserve’s December decision, while the FOMC minutes and other scheduled…
This interview summary reports Shawn Douglass’s views on institutional participation in digital assets and DeFi, including how U.S. regulation may affect adoption. It says institutions continued building crypto capabilities after the FTX collapse and points…
The document introduces derivatives data views for examining options on IBIT and MSTR. It describes using long-dated at-the-money implied volatility and term structures with forward volatility to inspect how option pricing changes across maturities. It also…
This midweek market note reviews Bitcoin and Ether options conditions as of January 24, 2023. It highlights resilient realized volatility, with Bitcoin rising again late the prior week, and term structures that were flat to slightly inverted and had edged…