{"schemaVersion":1,"asset":"TRX","reportDate":"2026-09-21","timestamps":{"currentSnapshotAt":"2026-09-21T18:42:00+00:00","previousSnapshotAt":"2026-09-20T18:42:00+00:00","generatedAt":"2026-09-21T18:44:11+00:00"},"comparison":{"status":"available","note":null},"provenance":{"reportArtifact":"published daily report","sourceReport":"ALTS","sourceReportHref":"/reports/altcoins/2026-09-21","source":"Stored Derivasys SVI surfaces","comparison":"Latest successful snapshot at or before the common cutoff versus the nearest successful snapshot 24 hours earlier, within a three-hour tolerance.","rrConvention":"25-delta risk reversal","bfConvention":"25-delta butterfly","fixedTenors":"Published ALTS tenor grid","realisedVolatility":null},"tenors":[{"tenor":"1W","targetExpiry":null,"availability":"available","unavailableReason":null,"atmIv":{"current":18.55,"previous":15.3,"change":3.25,"percentChange":21.24},"rr25":{"current":3.02,"previous":-0.28,"change":3.3,"percentChange":1178.57},"bf25":{"current":2.5,"previous":2.4,"change":0.1,"percentChange":4.17}},{"tenor":"2W","targetExpiry":null,"availability":"available","unavailableReason":null,"atmIv":{"current":18.84,"previous":17.18,"change":1.66,"percentChange":9.66},"rr25":{"current":2.8,"previous":2.07,"change":0.73,"percentChange":35.27},"bf25":{"current":2.68,"previous":3.09,"change":-0.41,"percentChange":-13.27}},{"tenor":"1M","targetExpiry":null,"availability":"available","unavailableReason":null,"atmIv":{"current":19.44,"previous":23.09,"change":-3.65,"percentChange":-15.81},"rr25":{"current":2.91,"previous":1.56,"change":1.35,"percentChange":86.54},"bf25":{"current":2.97,"previous":4.14,"change":-1.17,"percentChange":-28.26}},{"tenor":"3M","targetExpiry":null,"availability":"available","unavailableReason":null,"atmIv":{"current":19.15,"previous":17.39,"change":1.76,"percentChange":10.12},"rr25":{"current":-1.11,"previous":1.06,"change":-2.17,"percentChange":-204.72},"bf25":{"current":3.31,"previous":3.44,"change":-0.13,"percentChange":-3.78}},{"tenor":"6M","targetExpiry":null,"availability":"unavailable","unavailableReason":"The target tenor is not bracketed by listed expiries; extrapolated values are suppressed.","atmIv":{"current":null,"previous":null,"change":null,"percentChange":null},"rr25":{"current":null,"previous":null,"change":null,"percentChange":null},"bf25":{"current":null,"previous":null,"change":null,"percentChange":null}},{"tenor":"9M","targetExpiry":null,"availability":"unavailable","unavailableReason":"The target tenor is not bracketed by listed expiries; extrapolated values are suppressed.","atmIv":{"current":null,"previous":null,"change":null,"percentChange":null},"rr25":{"current":null,"previous":null,"change":null,"percentChange":null},"bf25":{"current":null,"previous":null,"change":null,"percentChange":null}},{"tenor":"1Y","targetExpiry":null,"availability":"unavailable","unavailableReason":"The target tenor is not bracketed by listed expiries; extrapolated values are suppressed.","atmIv":{"current":null,"previous":null,"change":null,"percentChange":null},"rr25":{"current":null,"previous":null,"change":null,"percentChange":null},"bf25":{"current":null,"previous":null,"change":null,"percentChange":null}}],"realisedVolatility":{"source":"canonical/TRX-USDC-INDEX (DERIBIT and OKX indexes)","samplingInterval":"1 minute","annualizationBasis":"365 days","windowEnd":"2026-09-21T18:42:00+00:00","spotMove24hPercent":0.17,"rv24hPercent":null,"rv7dPercent":null,"rv30dPercent":null,"observations":{"24h":1211,"7d":9813,"30d":42933},"coverage":{"24h":{"status":"unavailable","observedReturns":1211,"expectedReturns":1440,"coveragePercent":84.0972,"largestMissingRunMinutes":228,"unavailableReason":"24h RV requires at least 99.5% valid one-minute returns and no price gap over 60 minutes; coverage is 84.0972% with a largest gap of 228 minutes."},"7d":{"status":"unavailable","observedReturns":9813,"expectedReturns":10080,"coveragePercent":97.3512,"largestMissingRunMinutes":228,"unavailableReason":"7d RV requires at least 99.5% valid one-minute returns and no price gap over 60 minutes; coverage is 97.3512% with a largest gap of 228 minutes."},"30d":{"status":"unavailable","observedReturns":42933,"expectedReturns":43200,"coveragePercent":99.3819,"largestMissingRunMinutes":228,"unavailableReason":"30d RV requires at least 99.5% valid one-minute returns and no price gap over 60 minutes; coverage is 99.3819% with a largest gap of 228 minutes."}},"coveragePolicy":{"version":"observed-minute-returns-v1","minimumCoveragePercent":99.5,"maximumMissingRunMinutes":60,"methodology":"Each RV window qualifies independently. RV annualises the mean squared observed one-minute log return; returns spanning gaps are excluded, not interpolated or zero-filled. Partial estimates assume observed minutes are representative and may miss volatility during gaps."},"oneWeekAtmIvPercent":18.55,"oneWeekIvMinus7dRvPoints":null,"oneWeekIvMinus24hRvPoints":null,"oneWeekIvMinus30dRvPoints":null,"oneWeekIvTo7dRvRatio":null,"spreadPercentile":null,"spotUnavailableReason":null},"realisedVolatilityUnavailableReason":null}