Gate Research Institute: Implied volatility remains high with oscillations, Gate exclusively launches a rolling sell options tool

Options Market Dynamics

Latest data shows BTC IV at 46% and ETH IV at 70%, both slightly down from last week, remaining at high levels with volatile fluctuations, reflecting a decreased market expectation of future volatility, though most remain optimistic.

From the skew structure perspective, this week BTC 25-Delta Skew across all maturities shows a convergence trend, concentrated around -5 vol. Meanwhile, ETH’s skew structure has diverged, indicating a rise in short-term hedging demand. Additionally, ETH’s forward Skew remains stable, implying limited concern over medium- to long-term downside risks; by contrast, BTC’s forward structure remains relatively steep, consistent with short-term patterns, reflecting an increasing need for long-term downside protection.

Block Trading Structure

This week, block trades in the BTC and ETH options markets are mainly bullish spreads. The largest block trades are as follows:

• BTC: Buy BTC-131225-90000-P, Sell BTC-131225-98000-C, approximately 1,000 BTC traded, with a net premium expenditure of about $170,000.
• ETH: Buy ETH-261225-4800-C, approximately 13,000 ETH traded, with a net premium expenditure of about $50,000.

Platform Updates

Gate exclusively launches a convenient options trading tool — rolling out sell options products, assisting users in automatically and continuously selling options within a set period. Users can customize Delta/Strike execution, expiration date setting (T+1/T+2/T+3), selling price methods, quantity, and optional stop-profit and stop-loss parameters. The strategy will automatically execute opening positions daily at 9:00 (UTC) and seamlessly transition to the next period after expiration, achieving fully automated operation. This feature supports clear risk indicators, margin estimation, expected trading paths, and other auxiliary information to help users manage strategy execution more intuitively.

Rolling Out Sell Options Products Description: https://www.gate.com/zh/help/other/options/48493