🏁 On the AE exchange at 8:00 UTC Expiration of options 01/23/2026:
• BTCH26 90424
• ETHH26 2968,8
• GOLDH26 5021,1
• SOLH26 129,19
In-the-money options deliver the underlying futures.
Check positions and collateral adequacy.
Your options exchange 👉 ae.exchange.
• BTCH26 90424
• ETHH26 2968,8
• GOLDH26 5021,1
• SOLH26 129,19
In-the-money options deliver the underlying futures.
Check positions and collateral adequacy.
Your options exchange 👉 ae.exchange.
Volatility and Uncertainty: Lessons for the Irrational Option Trader
No one can predict the future, but when considering volatility and uncertainty, many people tend to regard that statement in terms of risk, nothing but risk—as something to avoid, or as a prediction of future loss. Yet history tells us that the market can provide large surprises on both the upside and the downside. Relevant examples include technological innovations nobody could have imagined earlier, or great ideas that improve efficiency or lower cost.
No one can predict the future, but when considering volatility and uncertainty, many people tend to regard that statement in terms of risk, nothing but risk—as something to avoid, or as a prediction of future loss. Yet history tells us that the market can provide large surprises on both the upside and the downside. Relevant examples include technological innovations nobody could have imagined earlier, or great ideas that improve efficiency or lower cost.
🏁 On the AE exchange at 8:00 UTC Expiration of options 01/27/2026:
• BTCH26 89181
In-the-money options deliver the underlying futures.
Check positions and collateral adequacy.
Your options exchange 👉 ae.exchange
• BTCH26 89181
In-the-money options deliver the underlying futures.
Check positions and collateral adequacy.
Your options exchange 👉 ae.exchange
Varieties of Option Volatility Trading
Option volatility trading comes in three typical varieties.
First, there are positions, or spreads, in which volatility is uniformly long or short and the vega, gamma, and theta are all on the same side of the market - all three are positive or all three are negative. Vega shows how the price of an options contract changes when the volatility in the price of the underlying stock changes by 1 percent. The theta refers to how the price of an options contract will change as time passes. Also called time decay, the theta allows you to estimate how much the value of an options contract might decrease from one day to the next if the stock price or volatility does not change. Options contracts tend to lose value over time simply because they eventually expire, and they are worthless at that date if they are not exercised first. Delta describes how the price of an options contract changes due to a change in the share price of the underlying stock. The gamma refers to the change in the delta itself when the share price changes. The gamma describes the stability of the delta. A large gamma suggests that the delta might start changing even with a small change in the asset price.
Option volatility trading comes in three typical varieties.
First, there are positions, or spreads, in which volatility is uniformly long or short and the vega, gamma, and theta are all on the same side of the market - all three are positive or all three are negative. Vega shows how the price of an options contract changes when the volatility in the price of the underlying stock changes by 1 percent. The theta refers to how the price of an options contract will change as time passes. Also called time decay, the theta allows you to estimate how much the value of an options contract might decrease from one day to the next if the stock price or volatility does not change. Options contracts tend to lose value over time simply because they eventually expire, and they are worthless at that date if they are not exercised first. Delta describes how the price of an options contract changes due to a change in the share price of the underlying stock. The gamma refers to the change in the delta itself when the share price changes. The gamma describes the stability of the delta. A large gamma suggests that the delta might start changing even with a small change in the asset price.
🏁 On the AE exchange at 8:00 UTC Expiration of options 01/30/2026:
• BTCH26 83547
• ETHH26 2758,8
• GOLDH26 5243,1
• SOLH26 116,91
• TONH26 1,4493
• XRPH26 1,7763
In-the-money options deliver the underlying futures.
Check positions and collateral adequacy.
Your options exchange 👉 ae.exchange.
• BTCH26 83547
• ETHH26 2758,8
• GOLDH26 5243,1
• SOLH26 116,91
• TONH26 1,4493
• XRPH26 1,7763
In-the-money options deliver the underlying futures.
Check positions and collateral adequacy.
Your options exchange 👉 ae.exchange.
🏁 On the AE exchange at 8:00 UTC Expiration of options 02/03/2026:
• BTCH26 79405
In-the-money options deliver the underlying futures.
Check positions and collateral adequacy.
Your options exchange 👉 ae.exchange
• BTCH26 79405
In-the-money options deliver the underlying futures.
Check positions and collateral adequacy.
Your options exchange 👉 ae.exchange
🏁 On the AE exchange at 8:00 UTC Expiration of options 02/06/2026:
• BTCH26 65337
• ETHH26 1909
• GOLDH26 4897,8
• SOLH26 80,15
In-the-money options deliver the underlying futures.
Check positions and collateral adequacy.
Your options exchange 👉 ae.exchange.
• BTCH26 65337
• ETHH26 1909
• GOLDH26 4897,8
• SOLH26 80,15
In-the-money options deliver the underlying futures.
Check positions and collateral adequacy.
Your options exchange 👉 ae.exchange.
Working with Volatility to Make Investment Decisions
The subject of volatility, as any experienced trader will attest, is itself a volatile subject. Volatility has undergone remarkable changes during the past couple of decades in terms of how it’s calculated, predicted, and utilized by investors and traders alike.
The subject of volatility, as any experienced trader will attest, is itself a volatile subject. Volatility has undergone remarkable changes during the past couple of decades in terms of how it’s calculated, predicted, and utilized by investors and traders alike.
🏁 On the AE exchange at 8:00 UTC Expiration of options 02/10/2026:
• BTCH26 69435
In-the-money options deliver the underlying futures.
Check positions and collateral adequacy.
Your options exchange 👉 ae.exchange
• BTCH26 69435
In-the-money options deliver the underlying futures.
Check positions and collateral adequacy.
Your options exchange 👉 ae.exchange
On Predicting the Future
For options traders, successfully predicting implied volatility for contracts is crucial. But that expectation leads to a central problem related to performance for options traders, and traders in general, over the years - traders are obliged to be prophets. The most obvious issue, of course, is the dress code.
Goat-hair robes, oak staves, and waist-length beards tend to interfere with trading, especially floor trading. However, much more important than the prophet’s garb is the prophet’s results. Predicting the future is arguably the only area in which humans are always spectacularly incompetent.
For options traders, successfully predicting implied volatility for contracts is crucial. But that expectation leads to a central problem related to performance for options traders, and traders in general, over the years - traders are obliged to be prophets. The most obvious issue, of course, is the dress code.
Goat-hair robes, oak staves, and waist-length beards tend to interfere with trading, especially floor trading. However, much more important than the prophet’s garb is the prophet’s results. Predicting the future is arguably the only area in which humans are always spectacularly incompetent.
🏁 On the AE exchange at 8:00 UTC Expiration of options 02/13/2026:
• BTCH26 66541
• ETHH26 1944,8
• GOLDH26 4984,9
• SOLH26 79,04
In-the-money options deliver the underlying futures.
Check positions and collateral adequacy.
Your options exchange 👉 ae.exchange.
• BTCH26 66541
• ETHH26 1944,8
• GOLDH26 4984,9
• SOLH26 79,04
In-the-money options deliver the underlying futures.
Check positions and collateral adequacy.
Your options exchange 👉 ae.exchange.
Starting with Historical Volatility
Implied volatility is central to options trading because it projects how the assets price will perform. The price of the options contract is based on the assets price; the closer the share price moves toward being in the money, the more the value of the options contract increases. So if you can accurately project how the underlying price is likely to perform in coming weeks, you can estimate the likely value of the options contract as well.
Implied volatility is central to options trading because it projects how the assets price will perform. The price of the options contract is based on the assets price; the closer the share price moves toward being in the money, the more the value of the options contract increases. So if you can accurately project how the underlying price is likely to perform in coming weeks, you can estimate the likely value of the options contract as well.
🏁 On the AE exchange at 8:00 UTC Expiration of options 02/17/2026:
• BTCH26 68766
In-the-money options deliver the underlying futures.
Check positions and collateral adequacy.
Your options exchange 👉 ae.exchange
• BTCH26 68766
In-the-money options deliver the underlying futures.
Check positions and collateral adequacy.
Your options exchange 👉 ae.exchange
Calculating Historical Volatility
The value of volatile assets often seems unpredictable. Prices fluctuate over time at varying rates. We can assess the future prices of such assets based on knowledge of how quickly and in what direction the price has changed in the recent past. Therefore, we rely on the daily percentage change in price.
The value of volatile assets often seems unpredictable. Prices fluctuate over time at varying rates. We can assess the future prices of such assets based on knowledge of how quickly and in what direction the price has changed in the recent past. Therefore, we rely on the daily percentage change in price.
🏁 On the AE exchange at 8:00 UTC Expiration of options 02/20/2026:
• BTCH26 68154
• ETHH26 1969.8
• GOLDH26 5032.1
• SOLH26 83.7
In-the-money options deliver the underlying futures.
Check positions and collateral adequacy.
Your options exchange 👉 ae.exchange.
• BTCH26 68154
• ETHH26 1969.8
• GOLDH26 5032.1
• SOLH26 83.7
In-the-money options deliver the underlying futures.
Check positions and collateral adequacy.
Your options exchange 👉 ae.exchange.
🏁 On the AE exchange at 8:00 UTC Expiration of options 02/24/2026:
• BTCH26 63327
In-the-money options deliver the underlying futures.
Check positions and collateral adequacy.
Your options exchange 👉 ae.exchange
• BTCH26 63327
In-the-money options deliver the underlying futures.
Check positions and collateral adequacy.
Your options exchange 👉 ae.exchange
Historical Volatility in the Crypto Industry. Part 1
Today we're going to work through one of the core concepts you simply cannot do without when dealing with any crypto asset. We're talking about historical volatility. Write that down and commit it to memory - you'll encounter it every single day of your career in financial markets.
Today we're going to work through one of the core concepts you simply cannot do without when dealing with any crypto asset. We're talking about historical volatility. Write that down and commit it to memory - you'll encounter it every single day of your career in financial markets.
🏁 On the AE exchange at 8:00 UTC Expiration of options 02/27/2026:
• BTCH26 67924
• ETHH26 2035.1
• GOLDH26 5204.4
• SOLH26 87.39
• TONH26 1.3204
• XRPH26 1.4189
In-the-money options deliver the underlying futures.
Check positions and collateral adequacy.
Your options exchange 👉 ae.exchange.
• BTCH26 67924
• ETHH26 2035.1
• GOLDH26 5204.4
• SOLH26 87.39
• TONH26 1.3204
• XRPH26 1.4189
In-the-money options deliver the underlying futures.
Check positions and collateral adequacy.
Your options exchange 👉 ae.exchange.
Historical Volatility in the Crypto Industry. Part 2
Why Do We Calculate Historical Volatility at All??? I hear this question every year. Let me answer it directly and thoroughly, because the reasoning matters...
Why Do We Calculate Historical Volatility at All??? I hear this question every year. Let me answer it directly and thoroughly, because the reasoning matters...
Historical Volatility in the Crypto Industry. Part 3
Mathematical Foundation: Logarithmic Returns
Before we get into the calculation methods, we need to establish one fundamental concept - the logarithmic return, also called the log return or continuously compounded return.
Mathematical Foundation: Logarithmic Returns
Before we get into the calculation methods, we need to establish one fundamental concept - the logarithmic return, also called the log return or continuously compounded return.
🏁 On the AE exchange at 8:00 UTC Expiration of options 03/03/2026:
• BTCH26 68376
In-the-money options deliver the underlying futures.
Check positions and collateral adequacy.
Your options exchange 👉 ae.exchange
• BTCH26 68376
In-the-money options deliver the underlying futures.
Check positions and collateral adequacy.
Your options exchange 👉 ae.exchange