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Daily SOL options market report · 24-hour comparison

Solana options see one-week implied volatility rise 1.45 points to 53.64%

SOL 1W ATM IV rose 1.45 vol points to 53.64% over the daily comparison.

By Sean Gordon — Derivasys Research

Published · Generated · Snapshot

Snapshot · 17 Oct 2026, 16:31 UTC

  • SOLSpot-index 24h -1.02%1W ATM IV 53.64%1W RR25 -3.42 vol pts1W BF25 +3.88 vol pts1W IV − 7D RV -9.57 vol pts
  • SOL1W ATM IV 53.64%1W IV Δ +1.45 vol pts
Full snapshot readings
  • SOLSpot-index 24h -1.02%1W ATM IV 53.64%1W RR25 -3.42 vol pts1W BF25 +3.88 vol pts1W IV − 7D RV -9.57 vol pts

Lead move: SOL 1W ATM IV Δ +1.45 vol pts → 53.64% · percentile rank 31.8% by absolute move · 1-day moves · 30-day window (n=22).

Combined market read · daily observation window

The move in context.

SOL spot fell 1.02%; 1W ATM IV rose 1.45 volatility points to 53.64% over the daily window. RR25 moved toward calls (+1.29 points); BF25 wing premium decreased (-0.33 points).

Uses the stored headline’s selected tenor. Cutoffs 16 Oct, 16:31 UTC to 17 Oct, 16:31 UTC.

Previous publication · research context

2026-10-16: “Solana options: 1w RR25 skew flips from calls to puts”

Previous publication cutoff 16 Oct, 16:31 UTC. Today’s market comparison starts at 16 Oct, 16:31 UTC. Snapshot clocks align for the measured comparison below.

Previous publication JSON · SHA-256 f577b3632926a8692a985e82b57326f6bbff1131883dc8e3f24a652c3d90f721

Prior watch: measured outcome

Against the 2026-10-16 daily edition.

  • SOL 1W ATM IV: prior change -3.86 → current change +1.45 volatility points; direction reversed.
  • SOL spot-index return: prior change -0.85 → current change -1.02 percent; same direction.
  • SOL 1W RR25: prior change -5.66 → current change +1.29 volatility points; direction reversed.
  • SOL 1W BF25: prior change +0.80 → current change -0.33 volatility points; direction reversed.
  • SOL 1W RR25 ≤ -4.71 volatility points (hold the observed endpoint) at 17 Oct, 16:31 UTC: not met (observed -3.42 volatility points).
  • SOL 1W RR25 ≥ 0.95 volatility points (full retrace to the prior endpoint) at 17 Oct, 16:31 UTC: not met (observed -3.42 volatility points).

Next daily cutoff: measurable checks

  • Hold the observed level: SOL 1W ATM IV ≥ 53.64 percent at . Current level 53.64; threshold is the current observed endpoint.
  • Full retrace: SOL 1W ATM IV ≤ 52.19 percent at . Current level 53.64; threshold is the previous observed endpoint.
Measurement basis and receipt

These are observed-level conditions for the next aligned cutoff, with no forecast or trade action. Spot uses exact index endpoints where available; ATM IV is quoted in percent and its change, RR25 and BF25 in volatility points. Stored editorial receipt independently reconstructed against native endpoints.

Canonical current report JSON · SHA-256 73bb6a267f499dfc23e60b67583b9f709a80b2f176b277564bc435d41042906a

Prior artifact: /v1/sol/daily/2026-10-16/f577b3632926a8692a985e82b57326f6bbff1131883dc8e3f24a652c3d90f721.json · SHA-256 f577b3632926a8692a985e82b57326f6bbff1131883dc8e3f24a652c3d90f721

Consumed endpoint proof: 133dd52821e83e43e05c3256844a88e24714ce80727e10bbed1a99531bd9aab6

  • SOL:atmIv:1W:observed-current-level: rows[asset=SOL].report.tenors[tenor=1W].atmIv.previous; rows[asset=SOL].report.tenors[tenor=1W].atmIv.current; rows[asset=SOL].report.tenors[tenor=1W].atmIv.change; evaluation window 2026-10-17T16:31:00+00:00 to 2026-10-18T16:31:00+00:00.
  • SOL:atmIv:1W:observed-previous-level: rows[asset=SOL].report.tenors[tenor=1W].atmIv.previous; rows[asset=SOL].report.tenors[tenor=1W].atmIv.current; rows[asset=SOL].report.tenors[tenor=1W].atmIv.change; evaluation window 2026-10-17T16:31:00+00:00 to 2026-10-18T16:31:00+00:00.

1W ATM IV – selected tenor
Percent

1W ATM IV – selected tenor. Percent. SOL: Current 53.64, Previous 52.19.CurrentPreviousSOL53.6452.190.0028.9757.93

Current: 17 Oct 2026, 16:31 UTC
Previous: 16 Oct 2026, 16:31 UTC

Solana options see one-week implied volatility rise 1.45 points to 53.64%. ATM implied-volatility term structure from Derivasys data.
Source: Derivasys options data. ATM implied-volatility; unsupported tenors remain blank. Cite this report.

View full-size chart

Plotted chart data
ATM IV, percent · 2026-10-17T16:31:00+00:00
TenorSOL currentSOL previous
1W53.6452.19
2W53.7754.67
1M54.6855.23
3MUnavailableUnavailable
6MUnavailableUnavailable
9MUnavailableUnavailable
1YUnavailableUnavailable

Solana 1W ATM implied volatility rose 1.45 volatility points to 53.64% between the October 16 and October 17 cutoffs. In contrast, 2W ATM IV fell 0.90 points to 53.77% and 1M ATM IV declined 0.55 points to 54.68%. The 1M-minus-1W ATM IV slope remained positive, with longer-dated volatility still above the shortest available standard tenor.

Chart download and reuse termsDownload 1280 × 720 chart · Reuse terms

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 +1.45 volatility points, to 53.64%.

Derived directly from structured Derivasys surface data

03 · Catalyst check

16 Oct 2026, 16:31 UTC to 17 Oct 2026, 16:31 UTC

No catalyst assigned.

No qualifying context was found in the monitored news sources for this reporting window.

04 · Detailed analysis

What changed across the SOL volatility surface.

Implied versus realised

At the 16:31 UTC cutoff, 1W ATM IV was 53.64%, 9.57 volatility points below seven-day realised volatility of 63.21%; 24-hour realised volatility was 46.37% and 30-day realised volatility was 57.91%.

Front end

Front-end ATM IV was unchanged at 54.03% 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 calls, averaging +0.94 volatility points to -1.72 volatility points across the three available headline tenors.

Convexity

BF25 decreased, averaging -0.13 volatility points to 4.32 volatility points across the three available headline tenors.

Largest standard-tenor move

The largest standard-tenor ATM IV move was +1.45 volatility points at 1W, to 53.64%.

24h spot-index return

SOL spot-index return was -1.02% over 24 hours.

7d spot-index return

SOL spot-index return was -6.28% over seven days.

Two-day RR25 whipsaw

SOL 1W RR25 adjacent daily moves were -5.66 then +1.29 volatility points; gross movement 6.95 versus net -4.37. 1 strict zero crossings. Opposite moves meet the operational whipsaw inspection threshold.

Universe roll: added 19OCT26; removed 17OCT26. Comparisons use common expiries only.

05 · Standard-tenor ranking

Largest surface events

01

Largest eligible smile rotation

30OCT26, +1.52 vol pts
02

Largest standard-tenor ATM IV move

1W, +1.45 vol pts
03

Largest standard-tenor RR25 move

2W, +1.30 vol pts
04

Largest standard-tenor BF25 move

1W, -0.33 vol pts
05

Largest eligible SVI sigma move

27NOV26, +0.0488 param
06

Largest eligible SVI rho move

30OCT26, -0.0476 param

06 · ATM volatility

Standard-tenor ATM implied volatility.

TenorCurrent (vol %)Comparison snapshot (vol %)Change (vol pts)Relative change
1W53.6452.19+1.45 vol pts+2.78%
2W53.7754.67-0.90 vol pts-1.65%
1M54.6855.23-0.55 vol pts-1.00%
3MUnavailableUnavailableUnavailableUnavailable
6MUnavailableUnavailableUnavailableUnavailable
9MUnavailableUnavailableUnavailableUnavailable
1YUnavailableUnavailableUnavailableUnavailable

Source: Derivasys Research — structured data

07 · Risk reversals

RR25 skew moved most at 2W.

RR25 moved towards calls, averaging +0.94 volatility points to -1.72 volatility points across the three available headline tenors. Negative RR25 denotes a richer 25-delta put wing under the call-minus-put convention.

-5.3 vol pts-3.8 vol pts-2.3 vol pts-0.9 vol pts0.6 vol pts1W2W1M
TenorCurrent (vol pts)Comparison snapshot (vol pts)Change (vol pts)
1W-3.42-4.71+1.29 vol pts
2W-1.77-3.07+1.30 vol pts
1M0.02-0.22+0.24 vol pts
3MUnavailableUnavailableUnavailable
6MUnavailableUnavailableUnavailable
9MUnavailableUnavailableUnavailable
1YUnavailableUnavailableUnavailable

Source: Derivasys Research — structured data

08 · Butterflies

BF25 convexity changed most at 1W.

BF25 decreased, averaging -0.13 volatility points to 4.32 volatility points across the three available headline tenors. BF25 measures the average 25-delta wing premium over ATM IV.

3.7 vol pts4.0 vol pts4.4 vol pts4.7 vol pts5.1 vol pts1W2W1M
TenorCurrent (vol pts)Comparison snapshot (vol pts)Change (vol pts)
1W3.884.21-0.33 vol pts
2W4.454.27+0.18 vol pts
1M4.644.88-0.24 vol pts
3MUnavailableUnavailableUnavailable
6MUnavailableUnavailableUnavailable
9MUnavailableUnavailableUnavailable
1YUnavailableUnavailableUnavailable

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

ATM IV change

18OCT26, +1.66 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.

51.8%52.8%53.7%54.7%55.6%1W2W1M

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

ExpiryTime leftForward now (USD)Forward change (USD)ATM IV nowATM IV changeRR25 changeBF25 change
18OCT26Expiry effect0.6 days103.35-0.91 USD38.92%+1.66 vol pts+0.97 vol pts-0.33 vol pts
23OCT265.6 days103.44-0.83 USD53.66%+1.74 vol pts+0.77 vol pts-0.59 vol pts
30OCT2612.6 days103.58-0.77 USD53.59%-1.05 vol pts+1.07 vol pts+0.15 vol pts
27NOV2640.6 days103.87-0.81 USD54.88%-0.49 vol pts-0.04 vol pts-0.30 vol pts
25DEC2668.6 days104.19-0.80 USD53.84%-1.18 vol pts+0.38 vol pts-0.08 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.

18OCT26rotation towards puts · wing steepening
-0.30k0.00k+0.30k
23OCT26rotation towards calls · wing flattening
-0.30k0.00k+0.30k
30OCT26rotation towards calls · wing steepening
-0.30k0.00k+0.30k
27NOV26parallel shift lower
-0.30k0.00k+0.30k
25DEC26parallel shift lower
-0.30k0.00k+0.30k

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.

Completed-session cross-asset context

Crypto volatility against US equity risk.

SOL 30-day implied volatility was 2.7 times VIX, while its 30-session return correlation with SPX was mixed at 0.55.

Implied-volatility premium

SOL 30-day ATM IV was 54.55%, against VIX at 19.99: a 34.56-point spread and 2.73× ratio.

Daily-close realised-volatility regime

SOL reported crypto realised volatility was 42.18%, versus SPX reported realised volatility of 10.45%. The spread ranked at percentile rank 18.7% of 251 prior observations.

Equity co-movement

Return correlation with SPX was 0.550 over 30 aligned sessions and 0.390 over 60 sessions. VIX9D, VIX and VIX3M closed at 20.12, 19.99 and 20.50.

RV comparison basis unverified: this edition does not record the recognised provider methodology for both horizons and annualisation conventions. The displayed spread rank does not establish matched-horizon comparability.

As of 16 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. All displayed metrics have observationTimestamp=2026-10-16T20:00:00Z; freshness=fresh, ageSeconds=73860, evaluatedAt=2026-10-17T16:31:00Z. Ingested at 2026-10-16T22:30:50.861284Z; qualityStatus=valid; alignmentToleranceSeconds=600. IV and RV levels/spreads use volatility_points; ratios use ratio; return correlations use correlation_coefficient; percentile ranks use percentile_rank. Crypto ATM IV is the 30-calendar-day fixed tenor nearest the US close, ACT/365 convention. Crypto RV uses 20 calendar-day close-to-close log returns and sqrt(365); SPX RV uses 20 US trading-session log returns and sqrt(252). RV comparisons preserve these different annualisation clocks. Benchmarks: ^GSPC, ^VIX, ^VIX9D, ^VIX3M from yahoo_finance; crypto measurements from Derivasys. Prior-only empirical RV percentiles. Returned IV spread and ratio percentiles were null, with 33 observations each.

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
2026-10-16 16:31:00 UTC → 2026-10-17 16:31:00 UTC

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

Lead signal · 17 Oct 2026, 16:31 UTC

The measurement behind the lead chart

SOL 1W ATM IV 53.64% · Δ +1.45 vol pts

SOL percentile rank 31.8% by absolute move · 30-day window (n=22); 1-day moves sampled daily UTC; 2026-09-16 to 2026-10-16

Original report summary

Solana 1W ATM implied volatility increased 1.45 volatility points to 53.64% in the daily comparison, while 2W and 1M implied volatility declined. Those opposing moves left front-end average ATM IV unchanged at 54.03%. The adjustment narrowed the upward term structure, alongside a recovery in short-dated skew and lower 1W butterfly pricing.

At report cutoff · Levels and stored endpoint changes

What matters now

Vol: SOL 1W ATM IV 53.64% · Δ +1.45 vol pts

Skew: SOL 1W RR25 -3.42 vol pts · Δ +1.29 vol pts

Relative value: SOL 1W IV 53.64% / 7D RV 63.21% · spread -9.57 vol pts

Vol

SOL 1W ATM IV 53.64% · Δ +1.45 vol ptspercentile rank 31.8% by absolute move · 30-day window (n=22); 1-day moves sampled daily UTC; 2026-09-16 to 2026-10-16

Skew

SOL 1W RR25 -3.42 vol pts · Δ +1.29 vol ptspercentile rank 50.0% by absolute move · 30-day window (n=22); 1-day moves sampled daily UTC; 2026-09-16 to 2026-10-16

Wings

SOL 1W BF25 3.88 vol pts · Δ -0.33 vol ptspercentile rank 41.7% by absolute move · full history (n=36); 1-day moves sampled daily UTC; 2026-09-02 to 2026-10-16

IV versus RV

SOL 1W IV 53.64% / 7D RV 63.21% · spread -9.57 vol pts

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

Historical move evidence

SOL 1W ATM IV: percentile rank 31.8% by absolute move · 30-day window (n=22); 1-day moves sampled daily UTC; 2026-09-16 to 2026-10-16

SOL 1W RR25: percentile rank 50.0% by absolute move · 30-day window (n=22); 1-day moves sampled daily UTC; 2026-09-16 to 2026-10-16

SOL 1W BF25: percentile rank 41.7% by absolute move · full history (n=36); 1-day moves sampled daily UTC; 2026-09-02 to 2026-10-16

Technical appendix: measurement and history provenance

Download the full canonical report and evidence receipts (JSON). Artifact SHA-256: 73bb6a267f499dfc23e60b67583b9f709a80b2f176b277564bc435d41042906a.

Solana options see one-week implied volatility rise 1.45 points to 53.64% Quiet describes only daily options-surface movements under the stored operational policy; it makes no weekly stabilization claim.

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 / metricCohortCount / horizonActual boundsOverlap / provenance
SOL 1W atmIvmove30d22 samples; 1 days; daily UTC observations2026-09-16 → 2026-10-16
2026-09-16T16:31:00+00:00 → 2026-10-16T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:df32108cca6febbcdfcd6adf169d1d0e1913ceaf262be7cfcf3409a3b3b8db3a
SOL 1W atmIvmoveFullHistory36 samples; 1 days; daily UTC observations2026-09-02 → 2026-10-16
2026-09-02T16:31:00+00:00 → 2026-10-16T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:399c3f3ab2ab20362f4ea1eeb38dffba76f97ac210004f596750938390147d4d
SOL 1W atmIvlevelFullHistory43 samples; 0 days; daily UTC observations2026-08-29 → 2026-10-16
2026-08-29T16:31:00+00:00 → 2026-10-16T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:accd6ef5c42994cf1ea41e035ff2d8280c0aa36feb47b9f7329063940867bec4
SOL 1W bf25move30d22 samples; 1 days; daily UTC observations2026-09-16 → 2026-10-16
2026-09-16T16:31:00+00:00 → 2026-10-16T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:842edc827a960eb19ebe5e38bc84876e1714e965bdb0b261719272e27b6bbb1b
SOL 1W bf25moveFullHistory36 samples; 1 days; daily UTC observations2026-09-02 → 2026-10-16
2026-09-02T16:31:00+00:00 → 2026-10-16T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:9a23cefde7d4a6d1b4fa3fead86991b7d3c3d46e99f55f1e0d0a63e2891cdb55
SOL 1W bf25levelFullHistory43 samples; 0 days; daily UTC observations2026-08-29 → 2026-10-16
2026-08-29T16:31:00+00:00 → 2026-10-16T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:fe9c24556460181d13850f59946488a12b8d120230af90382378bbd6de7f4865
SOL 1W rr25move30d22 samples; 1 days; daily UTC observations2026-09-16 → 2026-10-16
2026-09-16T16:31:00+00:00 → 2026-10-16T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:1f1b650e4c53634dca2a430f9a9fbcc67863d91ed06d7957045462729fd52fee
SOL 1W rr25moveFullHistory36 samples; 1 days; daily UTC observations2026-09-02 → 2026-10-16
2026-09-02T16:31:00+00:00 → 2026-10-16T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:2eafe9eb3645f7fb6026a4380c427b0929f5d3dbf6fc08f7ff2eda1a85cee4eb
SOL 1W rr25levelFullHistory43 samples; 0 days; daily UTC observations2026-08-29 → 2026-10-16
2026-08-29T16:31:00+00:00 → 2026-10-16T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:12b10c8680f7ff487642233e250ef95a335e3e4de17139a3fd56fb14ae424e98
SOL 2W atmIvmove30d22 samples; 1 days; daily UTC observations2026-09-16 → 2026-10-16
2026-09-16T16:31:00+00:00 → 2026-10-16T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:dd590e7dd45ec710c678ba60d1325449134340c519de570a2930b93a5500fc84
SOL 2W atmIvmoveFullHistory36 samples; 1 days; daily UTC observations2026-09-02 → 2026-10-16
2026-09-02T16:31:00+00:00 → 2026-10-16T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:492de7efd439a26cf3a6f6d080fb9f3837c6131659aece6060b56dc26aba45a2
SOL 2W atmIvlevelFullHistory43 samples; 0 days; daily UTC observations2026-08-29 → 2026-10-16
2026-08-29T16:31:00+00:00 → 2026-10-16T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:f2e0f33ef266f987bb3bd1bdcf7aead502be69ddf6c0796704b7d0f4795016fc
SOL 2W bf25move30d22 samples; 1 days; daily UTC observations2026-09-16 → 2026-10-16
2026-09-16T16:31:00+00:00 → 2026-10-16T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:14c26ddc30e34ea529291a613cfd8e19981ebcc61bb538ec07113acde0d85ef9
SOL 2W bf25moveFullHistory36 samples; 1 days; daily UTC observations2026-09-02 → 2026-10-16
2026-09-02T16:31:00+00:00 → 2026-10-16T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:15e1d5c26deb2f4d47b721adcbe36894dcaa63ff85c65747b165644d2bd3dbf8
SOL 2W bf25levelFullHistory43 samples; 0 days; daily UTC observations2026-08-29 → 2026-10-16
2026-08-29T16:31:00+00:00 → 2026-10-16T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:ddf53134af3e73b124b393aeacb617383a50d72092fa8a01d9437f11bcd0a5e3
SOL 2W rr25move30d22 samples; 1 days; daily UTC observations2026-09-16 → 2026-10-16
2026-09-16T16:31:00+00:00 → 2026-10-16T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:820a454bb10c5e548aef69a3734613255e8277c9b2b778a2e4a6a7808b1d5219
SOL 2W rr25moveFullHistory36 samples; 1 days; daily UTC observations2026-09-02 → 2026-10-16
2026-09-02T16:31:00+00:00 → 2026-10-16T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:db4b18dfffc9aa47ef1be97b4d04ed82958e1a9d6ad0750feb0d9d090d012e24
SOL 2W rr25levelFullHistory43 samples; 0 days; daily UTC observations2026-08-29 → 2026-10-16
2026-08-29T16:31:00+00:00 → 2026-10-16T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:adb6b1fccd24b4f03ee9391a05571f4578274351892f10f613cc0c7050129578
SOL 1M atmIvmove30d22 samples; 1 days; daily UTC observations2026-09-16 → 2026-10-16
2026-09-16T16:31:00+00:00 → 2026-10-16T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:b05f08afd7d495abc3455ad40dfef58243fc7f6a3ed7a911c599482ff89fb819
SOL 1M atmIvmoveFullHistory36 samples; 1 days; daily UTC observations2026-09-02 → 2026-10-16
2026-09-02T16:31:00+00:00 → 2026-10-16T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:da9ad62e85c8b7d3a97c2355d35ecd158d618ff013157c7fcc21cd9bcc4dfa36
SOL 1M atmIvlevelFullHistory43 samples; 0 days; daily UTC observations2026-08-29 → 2026-10-16
2026-08-29T16:31:00+00:00 → 2026-10-16T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:8ecd2c22e51a3f79ebcc5193cc21f7a08890c8a1e0eb1a41b05e3cf860e58847
SOL 1M bf25move30d22 samples; 1 days; daily UTC observations2026-09-16 → 2026-10-16
2026-09-16T16:31:00+00:00 → 2026-10-16T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:da6e6ab1f63dface2a913a5df77ba35ef0492f3c2ba86e31d231eb9f0f9accb4
SOL 1M bf25moveFullHistory36 samples; 1 days; daily UTC observations2026-09-02 → 2026-10-16
2026-09-02T16:31:00+00:00 → 2026-10-16T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:3b452a372f616d59c31c4b9911fdf4775dfb2d621ec1dca15ac7528993c3eb5f
SOL 1M bf25levelFullHistory43 samples; 0 days; daily UTC observations2026-08-29 → 2026-10-16
2026-08-29T16:31:00+00:00 → 2026-10-16T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:022ed13e9d5ad6417cb66ae242a9d9b081a05109fae22ecc2b762191fdf70cb9
SOL 1M rr25move30d22 samples; 1 days; daily UTC observations2026-09-16 → 2026-10-16
2026-09-16T16:31:00+00:00 → 2026-10-16T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:ebc779ad46ca07cbab1a0f3bc577a177c2eb5d889c6153bbb5d84a79c8dbda73
SOL 1M rr25moveFullHistory36 samples; 1 days; daily UTC observations2026-09-02 → 2026-10-16
2026-09-02T16:31:00+00:00 → 2026-10-16T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:c02343842d4a823b64cad545fd70b7af70a1e5741c518bad139a5942f202e2ef
SOL 1M rr25levelFullHistory43 samples; 0 days; daily UTC observations2026-08-29 → 2026-10-16
2026-08-29T16:31:00+00:00 → 2026-10-16T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:08c0b5288ef568c287525cbd164530516e53725fbf9ae8bbcf2f118060e7f67e
SOL 3M atmIvmove30d6 samples; 1 days; daily UTC observations2026-09-16 → 2026-09-24
2026-09-16T16:31:00+00:00 → 2026-09-24T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:637898f5b9791242f569a4a392edcab3d404a12565ad78e50efd69c84d6cf493
SOL 3M atmIvmoveFullHistory20 samples; 1 days; daily UTC observations2026-09-02 → 2026-09-24
2026-09-02T16:31:00+00:00 → 2026-09-24T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:c6923fa6d799e72cb6d788a5e302095bc5fecf92d1b62abd6bac153ba2218d19
SOL 3M atmIvlevelFullHistory24 samples; 0 days; daily UTC observations2026-08-29 → 2026-09-24
2026-08-29T16:31:00+00:00 → 2026-09-24T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:b73b08d17a8c99c0db83f96fff3fb5814623e36ebdc59c7582ead8cf3f9b0f12
SOL 3M bf25move30d6 samples; 1 days; daily UTC observations2026-09-16 → 2026-09-24
2026-09-16T16:31:00+00:00 → 2026-09-24T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:2c9cd40d9aa4d33ab8850e678d5e2260f4bb86a88a4c26f8203c51fc16760d51
SOL 3M bf25moveFullHistory20 samples; 1 days; daily UTC observations2026-09-02 → 2026-09-24
2026-09-02T16:31:00+00:00 → 2026-09-24T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:766db46f15514776c82e68095c81f494632afedcf09d175502fc893aa7ff5f67
SOL 3M bf25levelFullHistory24 samples; 0 days; daily UTC observations2026-08-29 → 2026-09-24
2026-08-29T16:31:00+00:00 → 2026-09-24T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:a58f5d7936b1a7fb58c4c250c1ec110e7dc9e3503552999b375c71e78fa569a2
SOL 3M rr25move30d6 samples; 1 days; daily UTC observations2026-09-16 → 2026-09-24
2026-09-16T16:31:00+00:00 → 2026-09-24T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:96ba1526a3d98389ad69ecbda406154497f00e32ac5ac078b8461ae2ca39e2aa
SOL 3M rr25moveFullHistory20 samples; 1 days; daily UTC observations2026-09-02 → 2026-09-24
2026-09-02T16:31:00+00:00 → 2026-09-24T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:b4e0333e6119be464de81a48e0ec819b79dee9d671a1928d151a0cb5e399f7da
SOL 3M rr25levelFullHistory24 samples; 0 days; daily UTC observations2026-08-29 → 2026-09-24
2026-08-29T16:31:00+00:00 → 2026-09-24T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:5a85db8358ac373ec47f8363ec6540371b860d60d8a3d49d9fa9899619e61a49
SOL 6M atmIvmove30d0 samples; 1 days; daily UTC observationsUnavailable → Unavailable
Exact start unavailable → Exact end unavailable		No period overlap in this cohort; source revision unknown; sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945
SOL 6M atmIvmoveFullHistory0 samples; 1 days; daily UTC observationsUnavailable → Unavailable
Exact start unavailable → Exact end unavailable		No period overlap in this cohort; source revision unknown; sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945
SOL 6M atmIvlevelFullHistory0 samples; 0 days; daily UTC observationsUnavailable → Unavailable
Exact start unavailable → Exact end unavailable		No period overlap in this cohort; source revision unknown; sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945
SOL 6M bf25move30d0 samples; 1 days; daily UTC observationsUnavailable → Unavailable
Exact start unavailable → Exact end unavailable		No period overlap in this cohort; source revision unknown; sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945
SOL 6M bf25moveFullHistory0 samples; 1 days; daily UTC observationsUnavailable → Unavailable
Exact start unavailable → Exact end unavailable		No period overlap in this cohort; source revision unknown; sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945
SOL 6M bf25levelFullHistory0 samples; 0 days; daily UTC observationsUnavailable → Unavailable
Exact start unavailable → Exact end unavailable		No period overlap in this cohort; source revision unknown; sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945
SOL 6M rr25move30d0 samples; 1 days; daily UTC observationsUnavailable → Unavailable
Exact start unavailable → Exact end unavailable		No period overlap in this cohort; source revision unknown; sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945
SOL 6M rr25moveFullHistory0 samples; 1 days; daily UTC observationsUnavailable → Unavailable
Exact start unavailable → Exact end unavailable		No period overlap in this cohort; source revision unknown; sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945
SOL 6M rr25levelFullHistory0 samples; 0 days; daily UTC observationsUnavailable → Unavailable
Exact start unavailable → Exact end unavailable		No period overlap in this cohort; source revision unknown; sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945
SOL 9M atmIvmove30d0 samples; 1 days; daily UTC observationsUnavailable → Unavailable
Exact start unavailable → Exact end unavailable		No period overlap in this cohort; source revision unknown; sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945
SOL 9M atmIvmoveFullHistory0 samples; 1 days; daily UTC observationsUnavailable → Unavailable
Exact start unavailable → Exact end unavailable		No period overlap in this cohort; source revision unknown; sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945
SOL 9M atmIvlevelFullHistory0 samples; 0 days; daily UTC observationsUnavailable → Unavailable
Exact start unavailable → Exact end unavailable		No period overlap in this cohort; source revision unknown; sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945
SOL 9M bf25move30d0 samples; 1 days; daily UTC observationsUnavailable → Unavailable
Exact start unavailable → Exact end unavailable		No period overlap in this cohort; source revision unknown; sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945
SOL 9M bf25moveFullHistory0 samples; 1 days; daily UTC observationsUnavailable → Unavailable
Exact start unavailable → Exact end unavailable		No period overlap in this cohort; source revision unknown; sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945
SOL 9M bf25levelFullHistory0 samples; 0 days; daily UTC observationsUnavailable → Unavailable
Exact start unavailable → Exact end unavailable		No period overlap in this cohort; source revision unknown; sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945
SOL 9M rr25move30d0 samples; 1 days; daily UTC observationsUnavailable → Unavailable
Exact start unavailable → Exact end unavailable		No period overlap in this cohort; source revision unknown; sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945
SOL 9M rr25moveFullHistory0 samples; 1 days; daily UTC observationsUnavailable → Unavailable
Exact start unavailable → Exact end unavailable		No period overlap in this cohort; source revision unknown; sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945
SOL 9M rr25levelFullHistory0 samples; 0 days; daily UTC observationsUnavailable → Unavailable
Exact start unavailable → Exact end unavailable		No period overlap in this cohort; source revision unknown; sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945
SOL 1Y atmIvmove30d0 samples; 1 days; daily UTC observationsUnavailable → Unavailable
Exact start unavailable → Exact end unavailable		No period overlap in this cohort; source revision unknown; sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945
SOL 1Y atmIvmoveFullHistory0 samples; 1 days; daily UTC observationsUnavailable → Unavailable
Exact start unavailable → Exact end unavailable		No period overlap in this cohort; source revision unknown; sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945
SOL 1Y atmIvlevelFullHistory0 samples; 0 days; daily UTC observationsUnavailable → Unavailable
Exact start unavailable → Exact end unavailable		No period overlap in this cohort; source revision unknown; sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945
SOL 1Y bf25move30d0 samples; 1 days; daily UTC observationsUnavailable → Unavailable
Exact start unavailable → Exact end unavailable		No period overlap in this cohort; source revision unknown; sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945
SOL 1Y bf25moveFullHistory0 samples; 1 days; daily UTC observationsUnavailable → Unavailable
Exact start unavailable → Exact end unavailable		No period overlap in this cohort; source revision unknown; sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945
SOL 1Y bf25levelFullHistory0 samples; 0 days; daily UTC observationsUnavailable → Unavailable
Exact start unavailable → Exact end unavailable		No period overlap in this cohort; source revision unknown; sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945
SOL 1Y rr25move30d0 samples; 1 days; daily UTC observationsUnavailable → Unavailable
Exact start unavailable → Exact end unavailable		No period overlap in this cohort; source revision unknown; sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945
SOL 1Y rr25moveFullHistory0 samples; 1 days; daily UTC observationsUnavailable → Unavailable
Exact start unavailable → Exact end unavailable		No period overlap in this cohort; source revision unknown; sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945
SOL 1Y rr25levelFullHistory0 samples; 0 days; daily UTC observationsUnavailable → Unavailable
Exact start unavailable → Exact end unavailable		No period overlap in this cohort; source revision unknown; sha256:4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945

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 30OCT26; the largest sigma change occurred at 27NOV26.

ExpiryΔ aΔ bΔ rhoΔ mΔ sigmaSmile classification
18OCT26+0.01760-0.02900+0.06690+0.03780-0.11240rotation towards puts, wing steepening
23OCT26+0.00910-0.02210+0.02900+0.01170+0.00310rotation towards calls, wing flattening
30OCT26+0.00860-0.00690-0.04760-0.03510-0.03980rotation towards calls, wing steepening
27NOV26-0.01600+0.00800-0.01770-0.01490+0.04880parallel shift lower
25DEC26-0.00580+0.00450-0.02980-0.02300+0.00250parallel shift lower

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 Gamma18OCT26, 0.235822 1 / USD
Highest Theta Decay18OCT26, -0.522671 USD / day
Highest Vanna25DEC26, 0.000859 delta / vol pt
Highest Vega25DEC26, 0.179034 USD / vol pt
Highest Volga25DEC26, -0.000045 USD / vol pt²

7D realised volatility · data quality

AssetRecorded RVStatusCoverage / requiredLongest gap / maximum
SOL63.21%Available100% / 99.5% required0 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 17 Oct 2026, 16:31:00 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
17 Oct 2026, 16:31 UTC
Comparison snapshot
16 Oct 2026, 16:31 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.

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