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 ๐
Hyperliquid
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 ๐ฅ
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
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.
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.
$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.
@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
$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.
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
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
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
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
Weโve been monitoring spreads across venues, and @DeriveXYZ has tightened significantly lately.
On most of the instruments, theyโre now among the best we track.
Less slippage and one more real reason to trade onchain instead of CEXs.
Weโve been monitoring spreads across venues, and @DeriveXYZ has tightened significantly lately.
On most of the instruments, theyโre now among the best we track.
Less slippage and one more real reason to trade onchain instead of CEXs.