June 14, 2023
Weekly Mid-week Crypto Derivatives Market Recap where Imran Lakha of 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. Realized Vols have jumped around 10-15 points this week as volatility picked up after SEC actions last week against Binance and Coinbase.
2. BTC & ETH Term Structure saw a front end (gamma) bid that took them back into inversion.
3. Skew - Crypto markets under pressure and weekly support levels under attack, skew been moving deeper into put premium.
4. BTC Option flows had an uptick as market weekness on SEC postions drove activity / ETH Option flows saw more of a two way action this week as realized vol picked up
5. BTC dealer gamma flipped into small negative territory / ETH gamma positioning still long due to the dominant long $1800 strike
