Sean | Derive

Head of Research @derivexyz

[Sean | Derive @SeanNotShorn]

come see me yap about options

[Derive.xyz @DeriveXYZ]

Our head of research @SeanNotShorn will be speaking at Redefine Tomorrow on June 5th with @BlockScholes and John Lagman @Bloomberg

[D2 Finance @D2_Finance]

All-time high in $HYPE options volume on @DeriveXYZ.

Wondering who's behind a decent chunk of those volumes.

d2HYPE coded.

Ur welcome @dcfgod @0xAlvaroHK 💚

Hyperliquid

[Sean | Derive @SeanNotShorn]

@dreamsofdefi @DeriveXYZ SOL/ADA are much newer so need some time to grow. I’d expect by Q4 this year alts to make up 30-40% of this chart

[Sean | Derive @SeanNotShorn]

Alt option markets are surging in popularity. In less than 6 months, $HYPE has overtaken $ETH in option open interest on @DeriveXYZ.

Option markets are due for a shake up in 2026 🔥

[Nick Forster | Derive @itseneff]

First big Cardano (yes you read that right, Cardano) options trade hit the tape on @DeriveXYZ today

~$5m call spread selling upside and collecting USD, collateralized with $ADA

If you want market leading pricing for exotic options in size (this is a pilot), DM me

[Sean | Derive @SeanNotShorn]

ETH bulls coming back into the fold

9 of the top 10 options (sorted by premiums bought) in the last week were calls. Seems these traders are betting on $2500 ETH as early as May, and a super recovery to $4000 by the end of Sept.

[Sean | Derive @SeanNotShorn]

Absolutely wild

[Nick Forster | Derive @itseneff]

#5 in OI, 90% of onchain options, 0 farmers

[Sean | Derive @SeanNotShorn]

@ThinkingUSD Come try some $HYPE options on @DeriveXYZ ser - seamless onboarding and great prices

[Sean | Derive @SeanNotShorn]

To put it in perspective, the ~monthly (27MAR) $HYPE surface is ~30 pts higher than ETH (102% to 73%) which is in turn 18pts higher than BTC (55%).

$HYPE's smile is also flatter across the board, meaning the market is pricing elevated volatility more evenly in both tails.

[Sean | Derive @SeanNotShorn]

$HYPE vol selling accelerating on @DeriveXYZ as vols continue to rise, currently sitting at ~105% annualized, implying a 5.5% daily move.

As yields get crushed, volatility farming remains one of the last untapped sources of market beating yield.

[Sean | Derive @SeanNotShorn]

@carbon_spec @DeriveXYZ True, not strictly yield farming in the traditional sense, but there's not too much of that. Days of absurd yield on pendle are long over

[Sean | Derive @SeanNotShorn]

$HYPE vol selling accelerating on @DeriveXYZ as vols continue to rise, currently sitting at ~105% annualized, implying a 5.5% daily move.

As yields get crushed, volatility farming remains one of the last untapped sources of market beating yield.

[Sean | Derive @SeanNotShorn]

Also note the divergence of call and put (cumulative, signed) premiums.

After some small call selling / put buying at the start of the conflict (1800 AEDT), we've seen some huge chunks of call buying / put selling this morning

[Sean | Derive @SeanNotShorn]

Bulls return despite the war in Iran.

Over the last 24 hours, almost 15% of premiums on Deribit were selling the $60K 27MAR puts and a further 10.8% buying the $75K calls of the same expiry.

Is the bottom in? Starting to look like it

[Sean | Derive @SeanNotShorn]

Bulls return despite the war in Iran.

Over the last 24 hours, almost 15% of premiums on Deribit were selling the $60K 27MAR puts and a further 10.8% buying the $75K calls of the same expiry.

Is the bottom in? Starting to look like it

[0xGeeGee @0xGeeGee]

@DeriveXYZ quickly becoming one of the platforms i'm using organically the most, i'm so so so glad they didn't sell out to Synthetix

[Sean | Derive @SeanNotShorn]

Vol looking due for a breakout; 30 and 90 dte atm iv been crushed to 2 monthly lows at 38%.

Greenland tensions, war (?) in Iran and a continuing K-shaped economy makes this look cheap

[Sean | Derive @SeanNotShorn]

Liquidity improving day by day on @DeriveXYZ

[Stradle.xyz @stradlexyz]

We’ve been monitoring spreads across venues, and @DeriveXYZ has tightened significantly lately.
On most of the instruments, they’re now among the best we track.

Less slippage and one more real reason to trade onchain instead of CEXs.

[Stradle.xyz @stradlexyz]

We’ve been monitoring spreads across venues, and @DeriveXYZ has tightened significantly lately.
On most of the instruments, they’re now among the best we track.

Less slippage and one more real reason to trade onchain instead of CEXs.

[Kappa Lab @KappaLab_io]

@DeriveXYZ Head of Research @SeanNotShorn is betting on this: once retail experiences 600% overnight gains from options, everything changes.

[Sean | Derive @SeanNotShorn]

Fortunate to have some thoughts quoted in @DecryptMedia today - volatility trending up is a good start for 2025

https://t.co/cYV20wGJZ3

[Sean | Derive @SeanNotShorn]

@mansourtarek_ Option and prediction market arbitrages / opportunities. The amount of mis pricing between these markets is wild