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Market intelligence analysis

TRX One-Month Skew Turns Put-Favoring as Weekly Wing Premium Rises

Derivasys reports that TRX’s one-month risk reversal shifted from call-favoring to put-favoring. Separate related evidence shows weekly wing volatility rising relative to at-the-money volatility. These observations describe different parts of the options surface and do not establish a shared cause or broader direction.

Published Observed
TRX

01

One-month skew reverses toward puts

Derivasys reports that TRX’s one-month risk reversal fell sharply, moving from positive to negative territory. Since this measure compares call implied volatility with put implied volatility, the change indicates that puts became richer relative to calls at this tenor. It does not establish whether the repricing will persist or extend to other maturities.

EvidenceDerivasys: TRX 1M RR25 fell

02

Weekly wings gain relative to at-the-money options

A separate related observation reports that TRX’s one-week butterfly rose, indicating higher average implied volatility for the option wings relative to at-the-money options. This points to a change in the relative pricing of convexity over the shorter horizon. The weekly butterfly does not identify a directional preference between calls and puts, and it should be read separately from the one-month skew reversal.

EvidenceDerivasys: TRX 1W BF25 rose

Measurements

Original measurements.

  • TRX 1M RR25 changed -11.90 volatility points.

Evidence

Sources.

  1. TRX 1M RR25 fellDerivasys

    Evidence timestamp .

    Source URL unavailable
  2. TRX 1W BF25 roseDerivasys

    Evidence timestamp .

    Source URL unavailable