May 3, 2023
Weekly Mid-week Crypto Derivatives Market Recap where Imran Lakha @ Options Insight gives brief yet concise breakdowns of BTC's & ETH's Volatility, Term-structure, Skew, Crypto Option Flows, and Gamma positioning.
This week Imran walks us through some key points.
1. BTC realized vol has continued to rise this week as spot has been chopping around violently.
2. BTC Term Structure flattening from both ends as weekly vol goes bid & long end vol comes softer.
3. Skew - Front end BTC skew remains very volatile and chasing spot in both directions.
4. BTC Option Volumes lower than avg but might pick up due to FOMC release / ETH Option flows mainly bullish despite spot underperforming.
5. BTC dealer Gamma spiked more positive / ETH positioning briefly went very negative as spot popped above 1900 last week...
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