Newsletter — Latest
The quarterly newsletter; how the volatility risk premium played out across BTC and ETH options in Q2 2026, the consequences of the sharp sell-off in June, and reflections on chain liquidity.
Latest
The quarterly newsletter; how the volatility risk premium played out across BTC and ETH options in Q2 2026, the consequences of the sharp sell-off in June, and reflections on chain liquidity.
Quarterly newsletter on how implied skew evolved across BTC and ETH options in Q1 2026 — term structure, wings, block-trade positioning, and what it suggests for surface stability going forward.
How crypto options volatility surfaces find balance — and what happens when they don't. A practitioner's perspective on surface dynamics, model calibration, and the forces that shape implied volatility in digital asset markets.
Philosophy
"Making markets efficient again, in a complex and adaptive market, where volatility is information, requires deep expertise and structural models."
— Mike Beckhusen
Stay Ahead
Quantitative insights, strategy notes, and market observations on crypto volatility and options.