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Daily SOL options market report · 24-hour comparison

Solana options show higher 1w ATM IV

SOL spot fell 4.83%; Skew moved toward puts (-2.88 vol points); Wing premium increased (+0.34 vol points).

By Sean Gordon — Derivasys Research

Published

Snapshot data and comparison

Snapshot · 24 Oct 2026, 16:31 UTC

Generated timestamp:

Scheduled edition reference: 2026-10-24 16:31:00 UTC. Native observations below retain their actual fit times.

Report comparison baseline → current snapshot
2026-10-23 16:31:00 UTC → 2026-10-24 16:31:00 UTC
Report native fit age at scheduled reference
0 minutes

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

  • SOLSpot-index 24h -4.83%1W ATM IV 55.07%1W RR25 -3.40 vol pts1W BF25 +3.22 vol pts1W IV − 7D RV +1.00 vol pts

Notable move: SOL 1W ATM IV Δ +5.09 vol pts → 55.07% · percentile rank 93.0% by absolute move · 1-day moves · full history (n=43).

1W ATM IV – selected tenor
Percent

1W ATM IV – selected tenor. Percent. SOL: Current 55.07, Previous 49.98.CurrentPreviousSOL55.0749.980.0029.7459.48

Current: 24 Oct 2026, 16:31 UTC
Previous: 23 Oct 2026, 16:31 UTC

Solana options show higher 1w ATM IV. 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 · 2026-10-24T16:31:00+00:00
TenorSOL currentSOL previous
1W55.0749.98
2W54.9354.43
1M51.6652.99
3MUnavailableUnavailable
6MUnavailableUnavailable
9MUnavailableUnavailable
1YUnavailableUnavailable

The 1W ATM IV change for SOL was +5.09 volatility points over the stored comparison. No news item was selected for this report date.

Chart download and reuse termsDownload 1280 × 720 chart · Reuse terms
Previous report, watch levels and methodology

Uses the stored headline’s selected tenor. Cutoffs 23 Oct, 16:31 UTC to 24 Oct, 16:31 UTC.

Previous publication · research context

2026-10-23: “Solana options show lower 1w ATM IV”

Previous publication cutoff 23 Oct, 16:31 UTC. Today’s market comparison starts at 23 Oct, 16:31 UTC. Snapshot clocks align for the measured comparison below.

Previous publication JSON · SHA-256 b8cb36cb7f9d7db076b7e76db1033c1ed95288086c43543f841d674570c15cad

Prior watch: measured outcome

Against the 2026-10-23 daily edition.

  • SOL 1W ATM IV: prior change -3.98 → current change +5.09 volatility points; direction reversed.
  • SOL spot-index return: prior change +0.46 → current change -4.83 percent; direction reversed.
  • SOL 1W RR25: prior change -2.14 → current change -2.88 volatility points; same direction.
  • SOL 1W BF25: prior change -0.28 → current change +0.34 volatility points; direction reversed.
  • SOL 1W ATM IV ≤ 49.98 percent (hold the observed endpoint) at 24 Oct, 16:31 UTC: not met (observed 55.07 percent).
  • SOL 1W ATM IV ≥ 53.96 percent (full retrace to the prior endpoint) at 24 Oct, 16:31 UTC: met (observed 55.07 percent).

Next daily cutoff: measurable checks

  • Hold the observed level: SOL 1W ATM IV ≥ 55.07 percent at . Current level 55.07; threshold is the current observed endpoint.
  • Full retrace: SOL 1W ATM IV ≤ 49.98 percent at . Current level 55.07; 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 70d5d364a2dc337b9c5d7f96fc287531313640c95564d0dceba4b4dd1b97f628

Prior artifact: /v1/sol/daily/2026-10-23/b8cb36cb7f9d7db076b7e76db1033c1ed95288086c43543f841d674570c15cad.json · SHA-256 b8cb36cb7f9d7db076b7e76db1033c1ed95288086c43543f841d674570c15cad

Consumed endpoint proof: 310b9c62c43faad3f7315d063108dae421c1b195e00ce73586d0b2dba694efda

  • 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 2026-10-24T16:31:00+00:00 to 2026-10-25T16:31:00+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 2026-10-24T16:31:00+00:00 to 2026-10-25T16:31:00+00:00.
Chart notes

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 +5.09 volatility points, to 55.07%.

Derived directly from structured Derivasys surface data

03 · Catalyst check

23 Oct 2026, 16:31 UTC to 24 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 55.07%, broadly in line with seven-day realised volatility of 54.07%; 24-hour realised volatility was 50.20% and 30-day realised volatility was 55.77%.

Front end

Front-end ATM IV increased, averaging +1.42 volatility points to 53.89% 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 -2.87 volatility points to -1.62 volatility points across the three available headline tenors.

Convexity

BF25 was broadly unchanged, averaging +0.07 volatility points to 3.49 volatility points across the three available headline tenors.

Largest standard-tenor move

The largest standard-tenor ATM IV move was +5.09 volatility points at 1W, to 55.07%.

24h spot-index return

SOL spot-index return was -4.83% over 24 hours.

7d spot-index return

SOL spot-index return was -3.61% over seven days.

Universe roll: added 26OCT26; removed 24OCT26. Comparisons use common expiries only.

05 · Standard-tenor ranking

Largest surface events

01

Largest eligible smile rotation

30OCT26, -8.49 vol pts
02

Largest standard-tenor ATM IV move

1W, +5.09 vol pts
03

Largest standard-tenor RR25 move

2W, -3.27 vol pts
04

Largest standard-tenor BF25 move

1W, +0.34 vol pts
05

Largest eligible SVI sigma move

25DEC26, -0.1416 param
06

Largest eligible SVI rho move

27NOV26, +0.0837 param

06 · ATM volatility

Standard-tenor ATM implied volatility.

TenorCurrent (vol %)Comparison snapshot (vol %)Change (vol pts)Relative change
1W55.0749.98+5.09 vol pts+10.18%
2W54.9354.43+0.50 vol pts+0.92%
1M51.6652.99-1.33 vol pts-2.51%
3MUnavailableUnavailableUnavailableUnavailable
6MUnavailableUnavailableUnavailableUnavailable
9MUnavailableUnavailableUnavailableUnavailable
1YUnavailableUnavailableUnavailableUnavailable

Source: Derivasys Research — structured data

07 · Risk reversals

RR25 skew moved most at 2W.

RR25 moved towards puts, averaging -2.87 volatility points to -1.62 volatility points across the three available headline tenors. Negative RR25 denotes a richer 25-delta put wing under the call-minus-put convention.

-4.1 vol pts-2.3 vol pts-0.6 vol pts1.2 vol pts3.0 vol pts1W2W1M
TenorCurrent (vol pts)Comparison snapshot (vol pts)Change (vol pts)
1W-3.40-0.52-2.88 vol pts
2W-1.262.01-3.27 vol pts
1M-0.202.27-2.47 vol pts
3MUnavailableUnavailableUnavailable
6MUnavailableUnavailableUnavailable
9MUnavailableUnavailableUnavailable
1YUnavailableUnavailableUnavailable

Source: Derivasys Research — structured data

08 · Butterflies

BF25 convexity changed most at 1W.

BF25 was broadly unchanged, averaging +0.07 volatility points to 3.49 volatility points across the three available headline tenors. BF25 measures the average 25-delta wing premium over ATM IV.

2.7 vol pts3.1 vol pts3.6 vol pts4.1 vol pts4.5 vol pts1W2W1M
TenorCurrent (vol pts)Comparison snapshot (vol pts)Change (vol pts)
1W3.222.88+0.34 vol pts
2W3.203.05+0.15 vol pts
1M4.044.33-0.29 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

25OCT26, +15.87 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.

49.4%50.9%52.5%54.1%55.7%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
25OCT26Expiry effect0.6 days99.57-5.03 USD52.28%+15.87 vol pts-1.69 vol pts+0.75 vol pts
30OCT265.6 days99.64-5.02 USD54.80%+5.34 vol pts-3.63 vol pts+0.45 vol pts
6NOV2612.6 days99.74-4.99 USD55.56%+1.06 vol pts-3.47 vol pts+0.07 vol pts
27NOV2633.6 days99.98-4.96 USD51.34%-1.48 vol pts-2.40 vol pts-0.36 vol pts
25DEC2661.6 days100.33-4.90 USD51.39%-2.27 vol pts-0.56 vol pts+0.66 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.

25OCT26rotation towards puts · wing steepening
-0.30k0.00k+0.30k
30OCT26rotation towards puts · wing steepening
-0.30k0.00k+0.30k
6NOV26rotation towards puts
-0.30k0.00k+0.30k
27NOV26rotation towards puts
-0.30k0.00k+0.30k
25DEC26parallel shift lower · rotation towards puts · wing steepening
-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 0.58.

Implied-volatility premium

SOL 30-day ATM IV was 51.78%, against VIX at 19.45: a 32.33-point spread and 2.66× ratio.

Daily-close realised-volatility regime

SOL reported crypto realised volatility was 47.17%, versus SPX reported realised volatility of 9.92%. The spread ranked at percentile rank 30.9% of 256 prior observations.

Equity co-movement

Return correlation with SPX was 0.584 over 30 aligned sessions and 0.415 over 60 sessions. VIX9D, VIX and VIX3M closed at 18.70, 19.45 and 20.48.

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 23 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

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

Scheduled edition reference: 2026-10-24 16:31:00 UTC. Native observations below retain their actual fit times.

Report comparison baseline → current snapshot
2026-10-23 16:31:00 UTC → 2026-10-24 16:31:00 UTC
Report native fit age at scheduled reference
0 minutes

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

Lead signal · 24 Oct 2026, 16:31 UTC

The measurement behind the lead chart

SOL 1W ATM IV 55.07% · Δ +5.09 vol pts

SOL percentile rank 93.0% by absolute move · full history (n=43); 1-day moves sampled daily UTC; 2026-09-02 to 2026-10-23

Original report summary

SOL 1W ATM IV is 55.07 percent, compared with 49.98 percent at the prior cutoff. The diary separates sourced context from measured market changes; the timing of an event alone does not establish a causal link.

At report cutoff · Levels and stored endpoint changes

What matters now

Vol: SOL 1W ATM IV 55.07% · Δ +5.09 vol pts

Skew: SOL 1W RR25 -3.40 vol pts · Δ -2.88 vol pts

Relative value: SOL 1W IV 55.07% / 7D RV 54.07% · spread +1.00 vol pts

Vol

SOL 1W ATM IV 55.07% · Δ +5.09 vol ptspercentile rank 93.0% by absolute move · full history (n=43); 1-day moves sampled daily UTC; 2026-09-02 to 2026-10-23

Skew

SOL 1W RR25 -3.40 vol pts · Δ -2.88 vol ptspercentile rank 79.2% by absolute move · 30-day window (n=24); 1-day moves sampled daily UTC; 2026-09-23 to 2026-10-23

Wings

SOL 1W BF25 3.22 vol pts · Δ +0.34 vol ptspercentile rank 48.8% by absolute move · full history (n=43); 1-day moves sampled daily UTC; 2026-09-02 to 2026-10-23

IV versus RV

SOL 1W IV 55.07% / 7D RV 54.07% · spread +1.00 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 93.0% by absolute move · full history (n=43); 1-day moves sampled daily UTC; 2026-09-02 to 2026-10-23

SOL 1W RR25: percentile rank 79.2% by absolute move · 30-day window (n=24); 1-day moves sampled daily UTC; 2026-09-23 to 2026-10-23

SOL 1W BF25: percentile rank 48.8% by absolute move · full history (n=43); 1-day moves sampled daily UTC; 2026-09-02 to 2026-10-23

Technical appendix: measurement and history provenance

Download the full canonical report and evidence receipts (JSON). Artifact SHA-256: 70d5d364a2dc337b9c5d7f96fc287531313640c95564d0dceba4b4dd1b97f628.

Daily options-surface context: active. 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 atmIvmove30d24 samples; 1 days; daily UTC observations2026-09-23 → 2026-10-23
2026-09-23T16:31:00+00:00 → 2026-10-23T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:7c91070864839e6ec2d931eb0b3ca96aebf4b304ec9c0b6690b609ce28cc8d45
SOL 1W atmIvmoveFullHistory43 samples; 1 days; daily UTC observations2026-09-02 → 2026-10-23
2026-09-02T16:31:00+00:00 → 2026-10-23T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:e45a52bbb1a6c9a8d0a960aa45d19f3bb7919b4a3b610ec8535cacce44cb004a
SOL 1W atmIvlevelFullHistory50 samples; 0 days; daily UTC observations2026-08-29 → 2026-10-23
2026-08-29T16:31:00+00:00 → 2026-10-23T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:a7c09220f319322d721b2209e1d657fed938a7847e4d6eeceb10e89e6e1134ac
SOL 1W bf25move30d24 samples; 1 days; daily UTC observations2026-09-23 → 2026-10-23
2026-09-23T16:31:00+00:00 → 2026-10-23T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:41fdc9cfa2d3cd82bbff8544a1c83957a0050e492c7d0f46a7126ac4a7199152
SOL 1W bf25moveFullHistory43 samples; 1 days; daily UTC observations2026-09-02 → 2026-10-23
2026-09-02T16:31:00+00:00 → 2026-10-23T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:570b3b64998af0380d3027c77eb445ff1499b5ae7788cc10613a2fcbe3635be5
SOL 1W bf25levelFullHistory50 samples; 0 days; daily UTC observations2026-08-29 → 2026-10-23
2026-08-29T16:31:00+00:00 → 2026-10-23T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:37716baaf75410464842ca299eb15c4c056995c42d9b882efe790b8a2c2d4d95
SOL 1W rr25move30d24 samples; 1 days; daily UTC observations2026-09-23 → 2026-10-23
2026-09-23T16:31:00+00:00 → 2026-10-23T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:25d48158238776e48aafd702f9d5f2e8ebd1ea669f1076975f0a3d4a1499b004
SOL 1W rr25moveFullHistory43 samples; 1 days; daily UTC observations2026-09-02 → 2026-10-23
2026-09-02T16:31:00+00:00 → 2026-10-23T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:c3fdea17b5c3c29c383d2dd0319b0bad30a27a3085ee6dfa1f6d6f6dca6644bf
SOL 1W rr25levelFullHistory50 samples; 0 days; daily UTC observations2026-08-29 → 2026-10-23
2026-08-29T16:31:00+00:00 → 2026-10-23T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:a90824b8326475d9559d4842baffc20ad71b787a5bab061af2b165cdc9e6ab30
SOL 2W atmIvmove30d24 samples; 1 days; daily UTC observations2026-09-23 → 2026-10-23
2026-09-23T16:31:00+00:00 → 2026-10-23T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:eb8e05a0029fb846ed67f8461ac09ae14774f746c94a03cc1ceeaeee8928ff92
SOL 2W atmIvmoveFullHistory43 samples; 1 days; daily UTC observations2026-09-02 → 2026-10-23
2026-09-02T16:31:00+00:00 → 2026-10-23T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:808f26bb5b6e0ef3241f4fbd6a456b6b0cad483e18d3320745911a8bdaa317d4
SOL 2W atmIvlevelFullHistory50 samples; 0 days; daily UTC observations2026-08-29 → 2026-10-23
2026-08-29T16:31:00+00:00 → 2026-10-23T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:5c38a4aa073909cf2836278a36ba35486134a476742f204a10ad8c1dfc3cbc43
SOL 2W bf25move30d24 samples; 1 days; daily UTC observations2026-09-23 → 2026-10-23
2026-09-23T16:31:00+00:00 → 2026-10-23T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:7c7566aa061d041eb333c2cfa781e80a5bdd58e8a4aa11a24ce48b8f9993941b
SOL 2W bf25moveFullHistory43 samples; 1 days; daily UTC observations2026-09-02 → 2026-10-23
2026-09-02T16:31:00+00:00 → 2026-10-23T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:14f92254b48c19c3160e475eb8873737de2e9915e24cce019e083c1f73c917dd
SOL 2W bf25levelFullHistory50 samples; 0 days; daily UTC observations2026-08-29 → 2026-10-23
2026-08-29T16:31:00+00:00 → 2026-10-23T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:71270a7f1d17c7a06d8be4d8ec906acfa1b9983839e18f589b842e17628ac6cb
SOL 2W rr25move30d24 samples; 1 days; daily UTC observations2026-09-23 → 2026-10-23
2026-09-23T16:31:00+00:00 → 2026-10-23T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:941a1d25b8fb5ab6d1418657f273f08a3d4c1d269ea42e2c2ec11f4127687ca4
SOL 2W rr25moveFullHistory43 samples; 1 days; daily UTC observations2026-09-02 → 2026-10-23
2026-09-02T16:31:00+00:00 → 2026-10-23T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:bdb1378822db446071f458e9d5b5be87b676ea39520cea609189c1f0be8a5be2
SOL 2W rr25levelFullHistory50 samples; 0 days; daily UTC observations2026-08-29 → 2026-10-23
2026-08-29T16:31:00+00:00 → 2026-10-23T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:f09b5244a487aa86a693529d56b55785baa92440c1717d0f3b13dc61f375603b
SOL 1M atmIvmove30d24 samples; 1 days; daily UTC observations2026-09-23 → 2026-10-23
2026-09-23T16:31:00+00:00 → 2026-10-23T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:977a5322162a14bbce3821959aeeeff6f6afea49617995066e282f3beeb849ba
SOL 1M atmIvmoveFullHistory43 samples; 1 days; daily UTC observations2026-09-02 → 2026-10-23
2026-09-02T16:31:00+00:00 → 2026-10-23T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:e067202c22d080ff95c5688a77c2b9760e57ba3ae0112531d9e256e73e74b387
SOL 1M atmIvlevelFullHistory50 samples; 0 days; daily UTC observations2026-08-29 → 2026-10-23
2026-08-29T16:31:00+00:00 → 2026-10-23T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:f98d8cb59161a1f5860fed853b8999fbca71c916447d0775e62af0d66fa458bd
SOL 1M bf25move30d24 samples; 1 days; daily UTC observations2026-09-23 → 2026-10-23
2026-09-23T16:31:00+00:00 → 2026-10-23T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:22246c394d2bb63940c4f93a99c648b60530cf902f5cfb72c4e9192e05e52d66
SOL 1M bf25moveFullHistory43 samples; 1 days; daily UTC observations2026-09-02 → 2026-10-23
2026-09-02T16:31:00+00:00 → 2026-10-23T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:7f3bce2f6b38f6079e4eae80e7bcdd5e8f69519a6feaad7982530616f161a422
SOL 1M bf25levelFullHistory50 samples; 0 days; daily UTC observations2026-08-29 → 2026-10-23
2026-08-29T16:31:00+00:00 → 2026-10-23T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:6c57fbb5fcf4afd5a2cc09a01e3c5df5c6537453e99e65265035154de7b6669e
SOL 1M rr25move30d24 samples; 1 days; daily UTC observations2026-09-23 → 2026-10-23
2026-09-23T16:31:00+00:00 → 2026-10-23T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:bb5e40a1b227e8f03f500b2f81b86ce60142eff8db3e13d3fd4275bcbd4f820d
SOL 1M rr25moveFullHistory43 samples; 1 days; daily UTC observations2026-09-02 → 2026-10-23
2026-09-02T16:31:00+00:00 → 2026-10-23T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:a4da95b344eeae436f28662ae66b131a501b5110fdbf2c908957b72bb3b613ce
SOL 1M rr25levelFullHistory50 samples; 0 days; daily UTC observations2026-08-29 → 2026-10-23
2026-08-29T16:31:00+00:00 → 2026-10-23T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:a2502a8baf0c18c7a9465d2a71ca416945f145e05fb50a18a18554f550fe9856
SOL 3M atmIvmove30d1 samples; 1 days; daily UTC observations2026-09-23 → 2026-09-24
2026-09-23T16:31:00+00:00 → 2026-09-24T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:7147f577199e955ea765d5abc8b4103fa75bc90704b1cdd0234bd313d7e0d580
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 bf25move30d1 samples; 1 days; daily UTC observations2026-09-23 → 2026-09-24
2026-09-23T16:31:00+00:00 → 2026-09-24T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:c6b92d080d2470536140ab56788dba1023f0ae726ec230d52760d8a59a1522e9
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 rr25move30d1 samples; 1 days; daily UTC observations2026-09-23 → 2026-09-24
2026-09-23T16:31:00+00:00 → 2026-09-24T16:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:790dc4abed2e4c99244a8a58b48c026b08c2ba9ead2e76e46787bcddc3dbf813
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 27NOV26; the largest sigma change occurred at 25DEC26.

ExpiryΔ aΔ bΔ rhoΔ mΔ sigmaSmile classification
25OCT26-0.00330+0.01370-0.14170-0.06540-0.08940rotation towards puts, wing steepening
30OCT26-0.02070+0.02270+0.04960+0.05800+0.05580rotation towards puts, wing steepening
6NOV26-0.03010+0.02510+0.02880+0.06370+0.09010rotation towards puts
27NOV26-0.02390+0.01760+0.08370+0.06650+0.08180rotation towards puts
25DEC26+0.03100-0.01430-0.05880-0.01190-0.14160parallel shift lower, rotation towards puts, wing steepening

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 Gamma25OCT26, 0.182278 1 / USD
Highest Theta Decay25OCT26, -0.67661 USD / day
Highest Vanna25DEC26, 0.000815 delta / vol pt
Highest Vega25DEC26, 0.163577 USD / vol pt
Highest Volga25DEC26, -0.000035 USD / vol pt²

7D realised volatility · data quality

AssetRecorded RVStatusCoverage / requiredLongest gap / maximum
SOL54.07%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 24 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
24 Oct 2026, 16:31 UTC
Comparison snapshot
23 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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