Reading Bitcoin and Ether Options Volatility, Skew, and Flows
Summary
This market recap summarizes several conditions in Bitcoin and Ether derivatives as of February 15, 2023. It reports that realized volatility continued to ease and that term structures were flattening after being in contango. It also describes Bitcoin options skew as moving toward greater demand for puts, while Ether skew changed little.
The recap says Bitcoin options volume declined and Ether options flows had turned bullish in the preceding week. These observations provide a snapshot of volatility, term structure, skew, and options activity, but the document offers no supporting figures, detailed methodology, or extended historical comparison. The directional flow comment should therefore be read as a brief market observation, not a standalone trading signal or evidence of future price movement.
Key ideas
- Realized volatility in Bitcoin and Ether was described as continuing to drift lower.
- Options term structures were reported to be flattening from contango.
- Bitcoin skew shifted toward puts, while Ether skew changed little.
- Bitcoin options volume declined, and recent Ether options flows were characterized as bullish.
- The recap provides a dated snapshot without detailed data or a tested trading rule.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.