TI Weekly Options Market: Week Volatility - 2021 Week 5

Last week, the trading of Bitcoin options remained low and sluggish, and the weak market volatility was more obvious. On January 29, 2021, Elon Musk tweeted to call for Bitcoin. The price of Bitcoin quickly broke through 38,000 from the 31,000 range, and the implied volatility of Bitcoin options rose sharply, but the impact of event shocks was relatively limited. Bitcoin quickly fell back the next day. Meanwhile, the market is still relatively optimistic about the price of Ethereum.Skewness indicator shows that Ethereum call options remain strong,and investors need to pay attention to the launch of Ethereum futures on CME on February 8.