Crypto Options Weekly Recap: Front-End Skew Favors Puts
Summary
This weekly market recap surveys Bitcoin and Ether options through realized and implied volatility, term structure, skew, reported option flows, and dealer gamma positioning. It describes front-end skew shifting toward puts in both assets after upside moves failed to continue, while longer-dated skew retained a call premium, more clearly in Bitcoin. It also reports softer option volumes, summarizes selected strike and expiry trades, and outlines price levels where estimated dealer positioning could change.
The recap presents a point-in-time interpretation rather than a systematic trading method. It reports Bitcoin realized volatility near 32% and Ether reaching 40.5%, and describes implied volatility, curve moves, and skew in volatility points, but gives no source methodology, full dataset, or subsequent outcome. Flow descriptions and gamma estimates are contextual clues, not necessarily directional forecasts; positioning can change with spot and new trades. The observations concern the stated week and expiries, so they should not be read as current market conditions or generalized across other periods.
Key ideas
- The recap covers volatility, term structure, skew, option flows, and dealer gamma for Bitcoin and Ether.
- Short-dated skew moved toward put premium in both assets, while longer maturities retained some call premium.
- The document reports realized volatility and changes in implied volatility but gives no calculation methodology.
- It describes selected option trades and price levels associated with potential gamma shifts.
- These are time-specific market observations, not a tested strategy or guaranteed forecast.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.