Daily SOL options market report · 24-hour comparison

Solana options: 1w ATM IV rises 7.16 volatility points

Name: SOL options surface changes for 2026-10-13
Creator: Derivasys
License: https://www.derivasys.com/research-artifact-license/v1

SOL 1W ATM IV rose 7.16 vol points to 54.04% over the daily comparison.

By Sean Gordon — Derivasys Research

Published 13 Oct 2026, 16:33 UTC · Snapshot 13 Oct 2026, 16:30 UTC

Snapshot · 13 Oct 2026, 16:30 UTC

SOLSpot-index 24h -1.06%1W ATM IV 54.04%1W RR25 -1.32 vol pts1W BF25 +3.28 vol pts1W IV − 7D RV -0.02 vol pts

SOL1W ATM IV 54.04%1W IV Δ +7.16 vol pts

Full snapshot readings

SOLSpot-index 24h -1.06%1W ATM IV 54.04%1W RR25 -1.32 vol pts1W BF25 +3.28 vol pts1W IV − 7D RV -0.02 vol pts

Lead move: SOL 1W ATM IV Δ +7.16 vol pts → 54.04% · historical percentile Unavailable.

Solana options: 1w ATM IV rises 7.16 volatility points. ATM implied-volatility term structure from Derivasys data. — Source: Derivasys options data. ATM implied-volatility; unsupported tenors remain blank. Cite this report.

Chart download and reuse terms

Download 1280 × 720 chart · Reuse terms

Chart reading: SOL +7.16 vol points between the stored daily endpoints.
Relative-value reading: The reading measures ATM implied volatility at the chart’s stated tenor.
Next watch: Watch whether 1W ATM IV extends or reverses this move at the next daily comparison.
Combined surface read: ATM IV rose (SOL); RR25 moved toward puts (SOL); BF25 wing premium increased (SOL); 1W IV was below 7D RV (SOL).

Measurement and history provenance

Download the full canonical report and evidence receipts (JSON). Artifact SHA-256: 521b10957b725ba4a540313298c11de1d70121d2239fdfbf2aa0c246f194e4e9.

Edition revised: Historical percentiles recomputed with native clock and horizon eligibility Download the previous canonical edition (JSON). Current revision: sha256:521b10957b725ba4a540313298c11de1d70121d2239fdfbf2aa0c246f194e4e9; correction receipt SHA-256: 2e7a62da05dd33d4961bc885fdf45ba4cb3e22985c6845247a53d2c737133987.

Percentile sample windows, horizons and receipts

Samples use daily UTC observations. Weekly moves can be rolling and overlapping; observation counts do not imply independent periods. Missing legacy bounds and source revisions remain unavailable.

Frozen percentile denominators
Asset / tenor / metric	Cohort	Count / horizon	Actual bounds	Overlap / provenance
SOL 1W atmIv	move30d	0 samples; 1 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 1W atmIv	moveFullHistory	0 samples; 1 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 1W atmIv	levelFullHistory	0 samples; 0 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 1W bf25	move30d	0 samples; 1 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 1W bf25	moveFullHistory	0 samples; 1 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 1W bf25	levelFullHistory	0 samples; 0 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 1W rr25	move30d	0 samples; 1 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 1W rr25	moveFullHistory	0 samples; 1 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 1W rr25	levelFullHistory	0 samples; 0 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 2W atmIv	move30d	0 samples; 1 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 2W atmIv	moveFullHistory	0 samples; 1 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 2W atmIv	levelFullHistory	0 samples; 0 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 2W bf25	move30d	0 samples; 1 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 2W bf25	moveFullHistory	0 samples; 1 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 2W bf25	levelFullHistory	0 samples; 0 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 2W rr25	move30d	0 samples; 1 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 2W rr25	moveFullHistory	0 samples; 1 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 2W rr25	levelFullHistory	0 samples; 0 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 1M atmIv	move30d	0 samples; 1 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 1M atmIv	moveFullHistory	0 samples; 1 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 1M atmIv	levelFullHistory	0 samples; 0 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 1M bf25	move30d	0 samples; 1 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 1M bf25	moveFullHistory	0 samples; 1 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 1M bf25	levelFullHistory	0 samples; 0 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 1M rr25	move30d	0 samples; 1 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 1M rr25	moveFullHistory	0 samples; 1 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 1M rr25	levelFullHistory	0 samples; 0 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 3M atmIv	move30d	0 samples; 1 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 3M atmIv	moveFullHistory	0 samples; 1 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 3M atmIv	levelFullHistory	0 samples; 0 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 3M bf25	move30d	0 samples; 1 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 3M bf25	moveFullHistory	0 samples; 1 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 3M bf25	levelFullHistory	0 samples; 0 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 3M rr25	move30d	0 samples; 1 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 3M rr25	moveFullHistory	0 samples; 1 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 3M rr25	levelFullHistory	0 samples; 0 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 6M atmIv	move30d	0 samples; 1 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 6M atmIv	moveFullHistory	0 samples; 1 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 6M atmIv	levelFullHistory	0 samples; 0 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 6M bf25	move30d	0 samples; 1 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 6M bf25	moveFullHistory	0 samples; 1 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 6M bf25	levelFullHistory	0 samples; 0 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 6M rr25	move30d	0 samples; 1 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 6M rr25	moveFullHistory	0 samples; 1 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 6M rr25	levelFullHistory	0 samples; 0 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 9M atmIv	move30d	0 samples; 1 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 9M atmIv	moveFullHistory	0 samples; 1 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 9M atmIv	levelFullHistory	0 samples; 0 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 9M bf25	move30d	0 samples; 1 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 9M bf25	moveFullHistory	0 samples; 1 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 9M bf25	levelFullHistory	0 samples; 0 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 9M rr25	move30d	0 samples; 1 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 9M rr25	moveFullHistory	0 samples; 1 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 9M rr25	levelFullHistory	0 samples; 0 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 1Y atmIv	move30d	0 samples; 1 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 1Y atmIv	moveFullHistory	0 samples; 1 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 1Y atmIv	levelFullHistory	0 samples; 0 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 1Y bf25	move30d	0 samples; 1 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 1Y bf25	moveFullHistory	0 samples; 1 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 1Y bf25	levelFullHistory	0 samples; 0 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 1Y rr25	move30d	0 samples; 1 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 1Y rr25	moveFullHistory	0 samples; 1 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`
SOL 1Y rr25	levelFullHistory	0 samples; 0 days; daily UTC observations	Unavailable → Unavailable Exact start unavailable → Exact end unavailable	No period overlap in this cohort; source revision unknown; `sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945`

The day in markets.

Tuesday 13 October

Solana options: 1W ATM IV rises 7.16 volatility points

Solana 1W ATM IV rose 7.16 volatility points to 54.04% between the October 12 and October 13 cutoffs at 16:30 UTC. Solana 1W ATM IV stood at 46.88% at the prior daily cutoff. Over the October 12–13 comparison at 16:30 UTC, Solana 2W ATM IV increased 5.28 volatility points to 54.29%, while Solana 1M ATM IV rose 2.44 volatility points to 54.01%. The supported front curve ended almost flat. Solana seven-day realised volatility stood at 54.06%, close to its 1W ATM IV level.

Macro

No qualifying macro event was retained for this report window.

Crypto

In developing single-source reporting, [The Defiant](https://thedefiant.io/news/blockchains/anza-sets-oct-21-for-solana-s-alpenglow-mainnet-upgrade) reports an October 21 schedule for Solana's Alpenglow mainnet upgrade, targeting 150-millisecond finality and requiring software changes before the switch. The scheduled upgrade remained ahead of this report's cutoff. [Decrypt](https://decrypt.co/380752/solana-treasury-firm-defi-development-keeps-buying-sol) reports continued SOL buying by DeFi Development, which holds about 2.59 million SOL, alongside shrinking weekly purchases. These reports provide context without establishing a cause of the options changes.

Links identify the underlying reporting for retained events; entries without a retained link are marked.

02 · Options market read

What the volatility surface did.

3 of 6 headline tenors were comparable at both endpoints. The largest ATM IV move was 1W at +7.16 volatility points, to 54.04%.

Derived directly from structured Derivasys surface data

Relevant context found; no confirmed catalyst

Relevant market events

2 relevant events were retained for the comparison window.

Confidencelow causal confidence

News is presented as contextual association unless the structured evidence supports a stronger relationship.

Selected events

01
Anza Sets Oct. 21 for Solana’s Alpenglow Mainnet UpgradeThe Defiant · 15:06 UTC
protocol · neutral · low confidence
Selection methodology
Events are selected using relevance scoring and event-level deduplication.
Retained as contemporaneous price context alongside Forward 16OCT26: -1.09 USD (-1.00%) to 107.82 USD; the surface data does not establish a causal relationship.
Matched signals: Forward 16OCT26: -1.09 USD (-1.00%) to 107.82 USD
02
Solana Treasury Firm DeFi Development Keeps Buying SOL as CHAD Preferred Stock Hits RecordDecrypt · 19:07 UTC
broader crypto · neutral · low confidence
Selection methodology
Events are selected using relevance scoring and event-level deduplication.
Retained as contemporaneous price context alongside Forward 16OCT26: -1.09 USD (-1.00%) to 107.82 USD; the surface data does not establish a causal relationship.
Matched signals: Forward 16OCT26: -1.09 USD (-1.00%) to 107.82 USD

04 · Detailed analysis

What changed across the SOL volatility surface.

Implied versus realised

At the 16:30 UTC cutoff, 1W ATM IV was 54.04%, broadly in line with seven-day realised volatility of 54.06%; 24-hour realised volatility was 77.77% and 30-day realised volatility was 56.75%.

Front end

Front-end ATM IV increased, averaging +4.96 volatility points to 54.11% across 1W, 2W and 1M.

Long end

Long-dated ATM IV is unavailable because comparable observations were not present at both snapshots.

Skew

RR25 moved towards puts, averaging -0.35 volatility points to 0.45 volatility points across the three available headline tenors.

Convexity

BF25 was broadly unchanged, averaging -0.04 volatility points to 3.56 volatility points across the three available headline tenors.

Largest standard-tenor move

The largest standard-tenor ATM IV move was +7.16 volatility points at 1W, to 54.04%.

24h spot-index return

SOL spot-index return was -1.06% over 24 hours.

7d spot-index return

SOL spot-index return was -10.80% over seven days.

Universe roll: added 15OCT26; removed 13OCT26. Comparisons use common expiries only.

05 · Standard-tenor ranking

Largest surface events

Largest standard-tenor ATM IV move

1W, +7.16 vol pts

Largest eligible smile rotation

23OCT26, -3.85 vol pts

Largest standard-tenor RR25 move

1W, -1.80 vol pts

Largest standard-tenor BF25 move

2W, -0.32 vol pts

Largest eligible SVI sigma move

25DEC26, -0.2823 param

Largest eligible SVI rho move

23OCT26, +0.1561 param

06 · ATM volatility

Standard-tenor ATM implied volatility.

Tenor	Current (vol %)	Comparison snapshot (vol %)	Change (vol pts)	Relative change
1W	54.04	46.88	+7.16 vol pts	+15.27%
2W	54.29	49.01	+5.28 vol pts	+10.77%
1M	54.01	51.57	+2.44 vol pts	+4.73%
3M	Unavailable	Unavailable	Unavailable	Unavailable
6M	Unavailable	Unavailable	Unavailable	Unavailable
9M	Unavailable	Unavailable	Unavailable	Unavailable
1Y	Unavailable	Unavailable	Unavailable	Unavailable

Source: Derivasys Research — structured data

07 · Risk reversals

RR25 skew moved most at 1W.

RR25 moved towards puts, averaging -0.35 volatility points to 0.45 volatility points across the three available headline tenors. Negative RR25 denotes a richer 25-delta put wing under the call-minus-put convention.

Tenor	Current (vol pts)	Comparison snapshot (vol pts)	Change (vol pts)
1W	-1.32	0.48	-1.80 vol pts
2W	0.76	0.66	+0.10 vol pts
1M	1.92	1.26	+0.66 vol pts
3M	Unavailable	Unavailable	Unavailable
6M	Unavailable	Unavailable	Unavailable
9M	Unavailable	Unavailable	Unavailable
1Y	Unavailable	Unavailable	Unavailable

Source: Derivasys Research — structured data

08 · Butterflies

BF25 convexity changed most at 2W.

BF25 was broadly unchanged, averaging -0.04 volatility points to 3.56 volatility points across the three available headline tenors. BF25 measures the average 25-delta wing premium over ATM IV.

Tenor	Current (vol pts)	Comparison snapshot (vol pts)	Change (vol pts)
1W	3.28	3.22	+0.06 vol pts
2W	3.22	3.54	-0.32 vol pts
1M	4.18	4.04	+0.14 vol pts
3M	Unavailable	Unavailable	Unavailable
6M	Unavailable	Unavailable	Unavailable
9M	Unavailable	Unavailable	Unavailable
1Y	Unavailable	Unavailable	Unavailable

Source: Derivasys Research — structured data

09 · Expiry effects

Near-settlement moves, shown with context.

Contracts with fewer than 2 full days to expiry remain in the tables but are excluded from headline rankings. Settlement proximity, time decay, changing liquidity and fewer quotes can exaggerate their changes.

0.6d

Smile rotation

14OCT26, +13.94 vol pts

10 · Volatility term structure

Today against the previous 24-hour snapshot.

Only fixed tenors bracketed by listed expiries at both snapshots are charted. The listed-expiry table preserves the observable exchange maturities underneath those interpolated points.

Suppressed outside the observable listed-expiry range: 3M, 6M, 9M, 1Y.

Expiry	Time left	Forward now (USD)	Forward change (USD)	ATM IV now	ATM IV change	RR25 change	BF25 change
14OCT26Expiry effect	0.6 days	107.72	-1.17 USD	58.86%	+12.77 vol pts	+2.59 vol pts	+0.23 vol pts
16OCT26	2.6 days	107.82	-1.09 USD	57.03%	+12.61 vol pts	-0.10 vol pts	+0.58 vol pts
23OCT26	9.6 days	107.85	-1.15 USD	53.53%	+5.76 vol pts	-2.34 vol pts	-0.10 vol pts
30OCT26	16.6 days	107.92	-1.14 USD	54.56%	+4.75 vol pts	+1.04 vol pts	-0.46 vol pts
27NOV26	44.6 days	108.11	-1.13 USD	53.78%	+1.37 vol pts	+0.47 vol pts	+0.37 vol pts
25DEC26	72.6 days	108.29	-1.09 USD	53.38%	+0.19 vol pts	+0.72 vol pts	+0.48 vol pts

11 · Smile movement

Reconstructed SVI smiles for every common expiry.

Each overlay uses the stored five-parameter SVI fit and the snapshot-specific time to expiry. Ultra-short expiries are displayed but do not determine the headline ranking.

14OCT26rotation towards calls · wing steepening

16OCT26parallel shift higher · rotation towards puts · wing steepening

23OCT26rotation towards puts · wing flattening

30OCT26parallel shift higher · rotation towards calls · wing flattening

27NOV26parallel shift higher

25DEC26parallel shift higher

Surface movement heatmap

Each cell is the fitted IV change in volatility points. Rows are listed expiries; columns run from the put wing through ATM to the call wing.

14OCT26

16OCT26

23OCT26

30OCT26

27NOV26

25DEC26

-0.30kATM+0.30k

Completed-session cross-asset context

Crypto volatility against US equity risk.

SOL 30-day implied volatility was 3.3 times VIX, while its 30-session return correlation with SPX was mixed at 0.57.

Implied-volatility premium

SOL 30-day ATM IV was 50.66%, against VIX at 15.21: a 35.45-point spread and 3.33× ratio.

Daily-close realised-volatility regime

SOL 20-calendar-day realised volatility was 46.73%, versus SPX 20-session realised volatility of 9.71%. The spread ranked at percentile rank 26.7% of 247 prior observations.

This separate RV estimate uses 20 daily close-to-close log returns, sampled at 16:00 New York time, ending at the completed-session timestamp shown below. It requires a valid close for each day, rather than every intervening minute. Crypto RV is annualised with √365; SPX uses 20 trading-session returns and √252. It does not replace the intraday IV–RV comparison.

Equity co-movement

Return correlation with SPX was 0.567 over 30 aligned sessions and 0.360 over 60 sessions. VIX9D, VIX and VIX3M closed at 11.68, 15.21 and 17.93.

As of 12 Oct 2026, 20:00 UTC. Implied volatility and completed-session realised volatility use their respective observation windows shown above.

Evidence and methodology

market-context-v1; persisted Derivasys REST API through market_context MCP. Crypto IV: 30 calendar-day fixed tenor near US close, volatility_points, ACT/365. VIX-family: completed US cash-session closes, volatility_points, Yahoo Finance sources ^VIX/^VIX9D/^VIX3M. Crypto RV: 20 calendar-day close-to-close log returns, sqrt(365); SPX RV: 20 US trading-session close-to-close log returns, sqrt(252), ^GSPC. RV spreads and ratios preserve these different annualisation clocks. Correlations use 30/60 aligned US-session daily returns. Percentiles use prior valid persisted observations only. Alignment tolerance 600 seconds; cross-asset ingestion 2026-10-12T22:30:56.287428Z; quality valid.

RV observation windows and sampling

The 24-hour, seven-day and 30-day RV windows are assessed independently using observed one-minute index returns, annualised on a 365-day basis. Recorded minimums: at least 99.5% coverage over 24 hours, 99.5% coverage over seven days, 99.5% coverage over 30 days, with no gap longer than 60 minutes. Returns spanning gaps are excluded, not interpolated; unavailable windows remain unreported. The exact 24-hour spot return requires prices at both endpoints.

Evidence, source data and methodology

Report comparison baseline → current snapshot: 2026-10-12 16:30:00 UTC → 2026-10-13 16:30:00 UTC

Changes use these stored market-snapshot baselines. The comparison baseline may differ from the snapshot used in the previous published edition.

Lead signal · 13 Oct 2026, 16:30 UTC

The measurement behind the lead chart

SOL 1W ATM IV 54.04% · Δ +7.16 vol pts

Original report summary

Solana 1W ATM IV moved higher by 7.16 volatility points to 54.04% versus the prior daily cutoff. According to Derivasys, this was Solana's largest supported standard-tenor ATM IV change in the daily comparison, marking a rise in volatility implied by options near the underlying price.

At report cutoff · Levels and stored endpoint changes

What matters now

Vol: SOL 1W ATM IV 54.04% · Δ +7.16 vol pts

Skew: SOL 1W RR25 -1.32 vol pts · Δ -1.80 vol pts

Relative value: SOL 1W IV 54.04% / 7D RV 54.06% · spread -0.02 vol pts

Vol

SOL 1W ATM IV 54.04% · Δ +7.16 vol pts

Skew

SOL 1W RR25 -1.32 vol pts · Δ -1.80 vol pts

Wings

SOL 1W BF25 3.28 vol pts · Δ +0.06 vol pts

IV versus RV

SOL 1W IV 54.04% / 7D RV 54.06% · spread -0.02 vol pts

Δ compares the report’s stored surface endpoints. IV versus RV is a level comparison, not a daily change.

12 · Technical appendix

Model parameters and normalized Greeks.

These diagnostics preserve the fitted-surface audit trail without competing with the main market story.

Show SVI parameter changes and normalized Greeks

SVI diagnostics

Daily movement in a, b, rho, m and sigma.

Among ranking-eligible expiries, the largest absolute rho change occurred at 23OCT26; the largest sigma change occurred at 25DEC26.

Expiry	Δ a	Δ b	Δ rho	Δ m	Δ sigma	Smile classification
14OCT26	+0.09340	-0.04030	+0.15500	+0.21580	-0.73750	rotation towards calls, wing steepening
16OCT26	-0.06750	+0.05520	-0.03120	-0.03390	+0.24480	parallel shift higher, rotation towards puts, wing steepening
23OCT26	-0.05030	+0.02500	+0.15610	+0.08000	+0.21500	rotation towards puts, wing flattening
30OCT26	-0.06560	+0.03470	+0.03160	-0.03870	+0.26430	parallel shift higher, rotation towards calls, wing flattening
27NOV26	+0.01010	+0.00580	-0.12950	-0.07200	-0.05410	parallel shift higher
25DEC26	+0.11480	-0.05510	-0.11080	-0.06080	-0.28230	parallel shift higher

Current surface characteristics

Where normalized model Greek intensity is highest.

These are comparable Black-forward Greeks for a one-SOL ATM-forward call at each listed expiry—not portfolio exposure, open interest or a prediction of dealer positioning.

Highest Gamma14OCT26, 0.149538 1 / USD

Highest Theta Decay14OCT26, -0.823494 USD / day

Highest Vanna25DEC26, 0.000884 delta / vol pt

Highest Vega25DEC26, 0.191372 USD / vol pt

Highest Volga25DEC26, -0.000051 USD / vol pt²

7D realised volatility · data quality

Asset	Recorded RV	Status	Coverage / required	Longest gap / maximum
SOL	54.06%	Available	100% / 99.5% required	0 min / 60 min maximum

Thresholds are asset-specific policies recorded in this edition. Each window is assessed independently; returns spanning gaps are excluded. Partial estimates may miss volatility during gaps.

RV coverage and methodology

SOL · Available · Surface cutoff 13 Oct 2026, 16:30:00 UTC · 7D coverage 100% / 99.5% required · largest 7D gap 0 min / 60 min maximum · maximum gap 60 min.

24h: complete; 1440/1440 observed returns; 100% coverage; 99.5% minimum; 0 min largest gap.

30d: complete; 43200/43200 observed returns; 100% coverage; 99.5% minimum; 0 min largest gap.

7d: complete; 10080/10080 observed returns; 100% coverage; 99.5% minimum; 0 min largest gap.

Source data JSON

13 · Methodology and provenance

Generated from measured Derivasys surface data.

Current snapshot: 13 Oct 2026, 16:30 UTC
Comparison snapshot: 12 Oct 2026, 16:30 UTC
Source: Derivasys proprietary historical SVI surface and canonical SOL index databases
Realised volatility: Annualised root-mean-square of one-minute canonical SOL-USD index log returns using a 365-day basis; all windows end at the current snapshot.
Comparison window: Nearest successful surface snapshots approximately 24 hours apart
RR convention: 25-delta call IV minus 25-delta put IV
BF convention: Average 25-delta wing IV minus ATM forward IV
Fixed tenors: Fixed-tenor measures are published only when listed expiries bracket the target at both comparison snapshots. Targets outside either observable range are suppressed, not extrapolated; headline rankings use only supported tenors.
Smile reconstruction: Listed-expiry smiles are reconstructed from stored SVI total-variance parameters on a fixed log-moneyness grid.
Ultra-short expiries: Expiries with fewer than 2 full days remaining stay in detailed tables but are excluded from headline rankings. Settlement proximity, time decay, changing liquidity and fewer quotes can exaggerate their changes.
Greek normalization: Black forward Greeks for a normalized one-SOL ATM-forward call, zero rate, fitted SVI IV
Catalyst policy: Only sufficiently relevant, reliably sourced events are shown; otherwise no catalyst is assigned.

Continue through Derivasys

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Live dashboard All reports Daily metrics data Latest SOL daily Latest weekly API Volatility surface guide What is SVI? Risk reversals Butterflies Local volatility Variance swaps

The day in markets.

Macro

Crypto

What the volatility surface did.

Relevant market events

What changed across the SOL volatility surface.

Largest surface events

Standard-tenor ATM implied volatility.

RR25 skew moved most at 1W.

BF25 convexity changed most at 2W.

Near-settlement moves, shown with context.

Today against the previous 24-hour snapshot.

Reconstructed SVI smiles for every common expiry.

Surface movement heatmap

Crypto volatility against US equity risk.

The measurement behind the lead chart

What matters now

Vol

Skew

Wings

IV versus RV

Model parameters and normalized Greeks.

Daily movement in a, b, rho, m and sigma.

Where normalized model Greek intensity is highest.

7D realised volatility · data quality

Generated from measured Derivasys surface data.

From today’s report to the underlying methods.

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