IV's have exploded on #bitcoin after this...
Be careful _buying_ options in this environment. Maybe better to sell and collect some premiums on OTM strikes
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Yup
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seems the ftx bvol jump is less pronounced than deribit IV on the dump, maybe because on MOVE it is retracing the climb so pricing lower on longer contracts?
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It only has non-struck MOVE so shouldn't really matter
I think it's possible that some of the options--especially the wider/illiquid ones--blew out a bit on Deribit during the crash, maybe from liquidations? But idk, I'm mostly speaking out of my ass.
Look at Q4 MOVE, it went down in value, but if you calculate the IV off the floating strike it went up
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Heh yeah that's one interesting question--if BTC goes from 10k to 9k, does that mean that Q4 move should go down 10%? In other words is BTC's move in Q4 more like $2500 or 25%?
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