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Joined July 2022
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ETH Implied Vol has reset significantly lower post Merge, with ATM 1m Implied dropping by almost 20 points, despite Realized Vol thicking up remarkably due to the selloff.
Positive Spot/Vol correlation keeps dominating this market.
Thank you @joshua_j_lim for mentioning us in this great interview. We’re proud to partner with @GenesisTrading to provide liquidity on exotic options and structured products! 🚀
open.spotify.com/episode/7dT…
Picture of the Week: From the Coindesk article showing the growth potential of crypto options. Here is the open interest across all BTC & ETH options as a % of market cap vs that of SPX and its options. As the crypto market institutionalizes, one could expect that gap to narrow.
Crypto options gathering steam. Great recap not only on use cases but also growth potential by our very own Marcin Maksymiuk
coindesk.com/business/2022/0…
October 18-19, 'Trading Structured Products in Crypto'.
@CoinDesk will host us in NYC.
Mark the date.
coindesk.com/ideas/
Enhanced Digital Group retweeted
Terrific job by @ArturSepp on Stochastic Volatility models for assets with a positive spot/vol correlation as BTC and ETH:
github.com/ArturSepp/StochVo…
Enhanced Digital Group retweeted
Should the market move (or for flows) @GenesisVol @tradeparadigm @QCPCapital for the best regular Options+ reports of what's going on.
Two new tiny underrated accounts that have elite options/derivs experienced backgrounds and are worth follows imo:
@Enhanced_Digi @OssaCapital
lnkd.in/e4sh6PEG #
Follow our LinkedIn home page at Enhanced Digital Group (EDG) for relevant news and market thought on digital assets. lnkd.in/eQHTHD_X
Picture of the Week: Eth Merge implied volatility. With help from our friends @GenesisVol we showcase here the term structure and the 'premium' built in for September options.
Poll Results:
Over 200+ crypto and financial market participants responded to our quick ETH Merge Poll. Thank you!
To frame the timing, the poll was sent out last Friday amidst a weak US GDP and markets rallying. ETH spot was circa $1,650.
The results are reviewed below and we overlapped the ETH option 'smile' to show the implied vols of those corresponding price range.
Something noticeable could be how ~20% voted 3250 or higher, yet those options trade 20-30 vols higher than at-the-money.
XoTW will be something EDG shares each week.
It could be a Quote of the Week, an Article of the Week, etc... It is meant to spread thought leadership in the markets and economy by interesting producers.
This weeks is the timely podcast of Real Vision. Within the context of the prior podcast, this one discusses the curtailing macro headwinds coupled with Raoul Pal's view on the ETH Merge impact to the protocol.
lnkd.in/gcCgyGgH
ETH 1200 or 4000 on September 19? What is your view on ETH’s price range. Take our poll on Linkedin!
linkedin.com/feed/update/urn…
ETH rallied and Implied Volatility Skew moved significantly higher. Bullish flows have been dominating the need for buying protection, thus calls became more expensive vs puts.
Is it still possible to get cheap upside convexity?
[Data: @GenesisVol]
Follow-us on Twitter @Enhanced_Digi and LinkedIn linkedin.com/company/enhance…
Founded by experienced derivative traders, Enhanced Digital Group (EDG) is bridging the gap between TradFi and DeFi. Catering to institutions, EDG is a first-of-its-kind institution for wholesale distribution and pricing for crypto structured products.
enhanceddigital.group
FTX Seeks CFTC Approval on Derivatives Proposal - blockworks.co/ftx-seeks-cftc… via @blockworks