May 11, 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. BTC realized vol shifted down about 10 points on the week as spot remains rangebound $27k-30k.
2. BTC Term Structure slightly lower but remaining very flat as front end fails to fall into contango.
3. Skew - Front end skew reverted back to where it was after BTC's brief excursion into call premium.
4. BTC Option Volumes continued to trend lower along with IVs / ETH Option flows turned more bearish this week
5. BTC dealer gamma appears more spot sensitive / ETH positioning stayed positive all week
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