Bitcoin and Ether Options Volatility, Skew, and Flow Recap
Summary
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 lower. It also reports volatile but call-favoring skew, particularly in Bitcoin, alongside another high-volume week of Bitcoin options flow and less outright call buying in Ether.
The note offers a brief qualitative snapshot rather than a defined trading method or a data-backed forecast. It provides no numerical volatility, skew, or flow measures, and does not specify maturities, strikes, venues, or how the observations compare with historical levels. These omissions limit independent assessment and make the recap unsuitable on its own for evaluating trade entries or risk. The observations describe market conditions for that week and may not generalize beyond the stated period.
Key ideas
- Bitcoin realized volatility remained firm as prices resumed rising late in the prior week.
- Term structures were flat to slightly inverted and had moved lower over the week.
- Options skew fluctuated while favoring calls, especially for Bitcoin.
- Bitcoin options flow was heavy, while Ether saw less outright call buying.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.