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 reference explains how to represent an exchange-listed cryptocurrency option spread as one tradable instrument. It describes the instrument identity, underlying and quote and settlement currencies, inverse sizing flag, strategy type, activation and…
This podcast recap contrasts the sharp equity selloff after unexpectedly severe U.S. tariff announcements with Bitcoin’s relative price and implied-volatility stability. It discusses possible explanations, including earlier crypto deleveraging, seller…
This product update describes several analyses for crypto derivatives and blockchain activity. Its options material includes constant-maturity butterfly values across selected deltas and time windows, at-the-money implied volatility box plots, and dealer…
This market commentary reviews Bitcoin and Ether options through realized and implied volatility, expiry term structures, call skew, and relative value. It reports Bitcoin realized volatility in the mid-30s and Ether near 50 after spot weakness, while…
The document explains how implied volatility (IV) surfaces organized by option moneyness can help identify relative pricing anomalies. A floating surface compares options at their actual listed expirations, while a constant surface interpolates or…
This weekly market review surveys Bitcoin and Ether options through realized and implied volatility, term structure, skew, relative value, option flows, and dealer gamma positioning. It describes falling front-end implied volatility, a pronounced shift…
The document explains volatility cones as percentile benchmarks of historical realized volatility across several lookback periods. Traders compare current realized volatility with levels such as the lower quartile, median, and upper quartile to judge whether…
This mid-week recap summarizes conditions in Bitcoin and Ether derivatives as of January 18, 2023. It highlights realized volatility returning above 20%, a shift to inverted term structures, and a complete reversal in skew. These measures describe different…
This market recap interprets Bitcoin and Ether options volatility, term structure, skew, trading flows, and dealer gamma around anticipated spot ETF decisions. It reports rising implied volatility alongside stable recent realized volatility, with Bitcoin’s…
The document describes Panoptic, a decentralized protocol that offers perpetual options linked to Uniswap liquidity pools. It explains how concentrated liquidity ranges can serve as strike selection and how liquidity provision can create option-like…
This page catalogs trading bot examples built around AI agents, ranging from copying reported investor or insider holdings to sentiment signals, agent debates, options strategies, intraday rules, and macro or sector portfolio discussions. It outlines…
The article argues that ETH options volatility may offer a long-volatility opportunity despite the historically positive variance risk premium often observed in crypto. It compares ETH and BTC implied and realized volatility, describing ETH’s relative…
This market commentary examines crypto options and volatility around the US presidential inauguration, alongside regulatory developments and upcoming economic releases. It argues that Bitcoin’s implied volatility around the event was close to the realized…
This technical guide explains how NautilusTrader’s Interactive Brokers adapter connects to Trader Workstation or IB Gateway for market data, order execution, instrument discovery, and historical requests. It covers socket access, paper and live connection…
This report surveys hedging choices for U.S. equity portfolios during drawdowns and recessions, drawing on a historical sample from 1985 through 2018. It contrasts rolling index puts and short credit risk with Treasury and gold exposures, then examines…
This review compares passive and active approaches to protecting U.S. equity portfolios during severe drawdowns and recessions. Its sample covers 1985–2018, including eight equity declines greater than 15% and three U.S. recessions. It discusses rolling S&P…
This documentation explains how to use Polygon as a historical price-data source for LumiBot backtests across stocks, options, forex, and cryptocurrencies. It describes supplying an API key, selecting a backtest date range, and running a simple example…
This market recap reviews BTC and ETH options conditions around ETF-related news. It describes a surge in realized volatility followed by lower implied volatility after the event, and explains that the resulting negative volatility carry is not, by itself, a…
The article outlines the data requirements for options strategy research: a maintained history of contract details and price bars covering both current and expired contracts. It describes a workflow using a commercial data feed and a local trading database.…
This forum exchange concerns running an options strategy in a SimNow simulated environment. A user reports receiving ticks for the IO options contract but not for the underlying, and says a data subscription call returns false. Participants suggest using IF…
The article compares Bitcoin market conditions in late 2023 with the rally in late 2020, using spot returns, options implied volatility, futures basis, and realized volatility. It reports that implied volatility was near its 2023 high amid call buying, while…
The document reviews BTC and ETH conditions after a sharp market squeeze, connecting macro uncertainty and price levels with options pricing. It describes falling implied volatility alongside elevated realized volatility, negative carry, changes in term…
FalconX product manager Jill Gao describes moving from traditional finance into crypto product development and discusses changes in institutional trading. The document outlines Marketspot, a Telegram-based analytics tool that lets users query historical…
This market commentary combines a US macro calendar with views on Japanese rates, Bitcoin, and Ethereum options. It notes that the Federal Reserve decision and US employment report could move markets, while a weaker employment result might support bonds and…