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Daily SOL options market report · 24-hour comparison

Solana options show higher 1m ATM IV

SOL spot rose 1.66%; Skew moved toward puts (-0.18 vol points); Wing premium increased (+0.20 vol points).

By Sean Gordon — Derivasys Research

Published

Snapshot data and comparison

Snapshot · 25 Oct 2026, 17:31 UTC

Generated timestamp:

Scheduled edition reference: 2026-10-25 17:31:00 UTC. Native observations below retain their actual fit times.

Report comparison baseline → current snapshot
2026-10-24 17:31:00 UTC → 2026-10-25 17:31:00 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 +1.66%1W ATM IV 56.82%1W RR25 -2.44 vol pts1W BF25 +3.72 vol pts1W IV − 7D RV +4.31 vol pts

Notable move: SOL 1M ATM IV Δ +2.87 vol pts → 54.57% · percentile rank 92.9% by absolute move · 1-day moves · 30-day window (n=28).

1M ATM IV – selected tenor
Percent

1M ATM IV – selected tenor. Percent. SOL: Current 54.57, Previous 51.70.CurrentPreviousSOL54.5751.700.0029.4758.94

Current: 25 Oct 2026, 17:31 UTC
Previous: 24 Oct 2026, 17:31 UTC

Solana options show higher 1m 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 · 2026-10-25T17:31:00+00:00
TenorSOL currentSOL previous
1W56.8254.87
2W56.6854.99
1M54.5751.70
3MUnavailableUnavailable
6MUnavailableUnavailable
9MUnavailableUnavailable
1YUnavailableUnavailable

The 1M ATM IV change for SOL was +2.87 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 24 Oct, 17:31 UTC to 25 Oct, 17:31 UTC.

Previous publication · research context

2026-10-24: “Solana options show higher 1w ATM IV”

Previous publication cutoff 24 Oct, 16:31 UTC. Today’s market comparison starts at 24 Oct, 17:31 UTC. Snapshot clocks differ; numerical follow-through and prior-watch outcomes are unavailable.

Previous publication JSON · SHA-256 70d5d364a2dc337b9c5d7f96fc287531313640c95564d0dceba4b4dd1b97f628

Measured change since prior report

Prior comparison unavailable: the published 2026-10-24 edition is verified but ends at 24 Oct, 16:31 UTC; this window requires 24 Oct, 17:31 UTC.

A structured watchlist was not recorded or could not be verified in the prior edition; prior-watch outcomes remain unavailable.

Next daily cutoff: measurable checks

  • Hold the observed level: SOL 1M ATM IV ≥ 54.57 percent at . Current level 54.57; threshold is the current observed endpoint.
  • Full retrace: SOL 1M ATM IV ≤ 51.70 percent at . Current level 54.57; 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 9d109b5104fad4acbceceb75827670658166a417170791806c7d4eb264fff015

Prior artifact: /v1/sol/daily/2026-10-24/70d5d364a2dc337b9c5d7f96fc287531313640c95564d0dceba4b4dd1b97f628.json · SHA-256 70d5d364a2dc337b9c5d7f96fc287531313640c95564d0dceba4b4dd1b97f628

Consumed endpoint proof: d2858d369b5a0123e4bc7ca9f0683a97f16f5488fb9112177f51a952b1a5402e

  • SOL:atmIv:1M:observed-current-level: rows[asset=SOL].report.tenors[tenor=1M].atmIv.previous; rows[asset=SOL].report.tenors[tenor=1M].atmIv.current; rows[asset=SOL].report.tenors[tenor=1M].atmIv.change; evaluation window 2026-10-25T17:31:00+00:00 to 2026-10-26T17:31:00+00:00.
  • SOL:atmIv:1M:observed-previous-level: rows[asset=SOL].report.tenors[tenor=1M].atmIv.previous; rows[asset=SOL].report.tenors[tenor=1M].atmIv.current; rows[asset=SOL].report.tenors[tenor=1M].atmIv.change; evaluation window 2026-10-25T17:31:00+00:00 to 2026-10-26T17:31:00+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 1M at +2.87 volatility points, to 54.57%.

Derived directly from structured Derivasys surface data

03 · Catalyst check

24 Oct 2026, 17:31 UTC to 25 Oct 2026, 17:31 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 17:31 UTC cutoff, 1W ATM IV was 56.82%, 4.31 volatility points above seven-day realised volatility of 52.51%; 24-hour realised volatility was 36.68% and 30-day realised volatility was 54.53%.

Front end

Front-end ATM IV increased, averaging +2.17 volatility points to 56.02% 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 +0.20 volatility points to -0.53 volatility points across the three available headline tenors.

Convexity

BF25 increased, averaging +0.18 volatility points to 3.60 volatility points across the three available headline tenors.

Largest standard-tenor move

The largest standard-tenor ATM IV move was +2.87 volatility points at 1M, to 54.57%.

24h spot-index return

SOL spot-index return was +1.66% over 24 hours.

7d spot-index return

SOL spot-index return was -0.08% over seven days.

Universe roll: added 27OCT26; removed 25OCT26. Comparisons use common expiries only.

05 · Standard-tenor ranking

Largest surface events

01

Largest eligible smile rotation

30OCT26, -3.03 vol pts
02

Largest standard-tenor ATM IV move

1M, +2.87 vol pts
03

Largest standard-tenor RR25 move

2W, +0.56 vol pts
04

Largest standard-tenor BF25 move

1W, +0.25 vol pts
05

Largest eligible SVI rho move

25DEC26, -0.1429 param
06

Largest eligible SVI sigma move

30OCT26, -0.1070 param

06 · ATM volatility

Standard-tenor ATM implied volatility.

TenorCurrent (vol %)Comparison snapshot (vol %)Change (vol pts)Relative change
1W56.8254.87+1.95 vol pts+3.55%
2W56.6854.99+1.69 vol pts+3.07%
1M54.5751.70+2.87 vol pts+5.55%
3MUnavailableUnavailableUnavailableUnavailable
6MUnavailableUnavailableUnavailableUnavailable
9MUnavailableUnavailableUnavailableUnavailable
1YUnavailableUnavailableUnavailableUnavailable

Source: Derivasys Research — structured data

07 · Risk reversals

RR25 skew moved most at 2W.

RR25 moved towards calls, averaging +0.20 volatility points to -0.53 volatility points across the three available headline tenors. Negative RR25 denotes a richer 25-delta put wing under the call-minus-put convention.

-3.1 vol pts-1.9 vol pts-0.6 vol pts0.6 vol pts1.9 vol pts1W2W1M
TenorCurrent (vol pts)Comparison snapshot (vol pts)Change (vol pts)
1W-2.44-2.65+0.21 vol pts
2W-0.39-0.95+0.56 vol pts
1M1.241.42-0.18 vol pts
3MUnavailableUnavailableUnavailable
6MUnavailableUnavailableUnavailable
9MUnavailableUnavailableUnavailable
1YUnavailableUnavailableUnavailable

Source: Derivasys Research — structured data

08 · Butterflies

BF25 convexity changed most at 1W.

BF25 increased, averaging +0.18 volatility points to 3.60 volatility points across the three available headline tenors. BF25 measures the average 25-delta wing premium over ATM IV.

3.0 vol pts3.3 vol pts3.5 vol pts3.7 vol pts4.0 vol pts1W2W1M
TenorCurrent (vol pts)Comparison snapshot (vol pts)Change (vol pts)
1W3.723.47+0.25 vol pts
2W3.333.23+0.10 vol pts
1M3.763.56+0.20 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

Smile rotation

26OCT26, -7.97 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.

51.1%52.7%54.3%55.8%57.4%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
26OCT26Expiry effect0.6 days101.76+1.53 USD50.17%-4.68 vol pts+0.51 vol pts-2.53 vol pts
30OCT264.6 days101.81+1.51 USD55.96%+1.53 vol pts-1.04 vol pts+0.76 vol pts
6NOV2611.6 days101.85+1.47 USD57.47%+1.82 vol pts+0.43 vol pts+0.03 vol pts
27NOV2632.6 days102.06+1.44 USD54.42%+3.04 vol pts-0.31 vol pts+0.19 vol pts
25DEC2660.6 days102.35+1.38 USD53.60%+1.70 vol pts-0.40 vol pts-0.42 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.

26OCT26rotation towards puts · wing flattening
-0.30k0.00k+0.30k
30OCT26rotation towards puts · wing steepening
-0.30k0.00k+0.30k
6NOV26parallel shift higher · rotation towards calls
-0.30k0.00k+0.30k
27NOV26parallel shift higher · rotation towards puts
-0.30k0.00k+0.30k
25DEC26parallel shift higher
-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: 2026-10-25 17:31:00 UTC. Native observations below retain their actual fit times.

Report comparison baseline → current snapshot
2026-10-24 17:31:00 UTC → 2026-10-25 17:31:00 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 · 25 Oct 2026, 17:31 UTC

The measurement behind the lead chart

SOL 1M ATM IV 54.57% · Δ +2.87 vol pts

SOL percentile rank 92.9% by absolute move · 30-day window (n=28); 1-day moves sampled daily UTC; 2026-09-24 to 2026-10-24

Original report summary

SOL 1M ATM IV is 54.57 percent, compared with 51.70 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 56.82% · Δ +1.95 vol pts

Skew: SOL 1W RR25 -2.44 vol pts · Δ +0.21 vol pts

Relative value: SOL 1W IV 56.82% / 7D RV 52.51% · spread +4.31 vol pts

Vol

SOL 1W ATM IV 56.82% · Δ +1.95 vol ptspercentile rank 57.1% by absolute move · 30-day window (n=28); 1-day moves sampled daily UTC; 2026-09-24 to 2026-10-24

Skew

SOL 1W RR25 -2.44 vol pts · Δ +0.21 vol ptspercentile rank 3.6% by absolute move · 30-day window (n=28); 1-day moves sampled daily UTC; 2026-09-24 to 2026-10-24

Wings

SOL 1W BF25 3.72 vol pts · Δ +0.25 vol ptspercentile rank 27.5% by absolute move · full history (n=51); 1-day moves sampled daily UTC; 2026-08-28 to 2026-10-24

IV versus RV

SOL 1W IV 56.82% / 7D RV 52.51% · spread +4.31 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 57.1% by absolute move · 30-day window (n=28); 1-day moves sampled daily UTC; 2026-09-24 to 2026-10-24

SOL 1W RR25: percentile rank 3.6% by absolute move · 30-day window (n=28); 1-day moves sampled daily UTC; 2026-09-24 to 2026-10-24

SOL 1W BF25: percentile rank 27.5% by absolute move · full history (n=51); 1-day moves sampled daily UTC; 2026-08-28 to 2026-10-24

Technical appendix: measurement and history provenance

Download the full canonical report and evidence receipts (JSON). Artifact SHA-256: 9d109b5104fad4acbceceb75827670658166a417170791806c7d4eb264fff015.

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 atmIvmove30d28 samples; 1 days; daily UTC observations2026-09-24 → 2026-10-24
2026-09-24T17:31:00+00:00 → 2026-10-24T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:387784010ff488e0cad1d1839673d68914860a30b52fa9e1a1a1ffc29f2e79c3
SOL 1W atmIvmoveFullHistory51 samples; 1 days; daily UTC observations2026-08-28 → 2026-10-24
2026-08-28T17:31:00+00:00 → 2026-10-24T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:5d17f9f14a68a44f88b5444b1311233c3ff64399583ed188b076d64a472f9c5a
SOL 1W atmIvlevelFullHistory55 samples; 0 days; daily UTC observations2026-08-28 → 2026-10-24
2026-08-28T17:31:00+00:00 → 2026-10-24T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:9eebe4b75b6329f276973cbbe533bffb1b87a76096f74acd4a72ec74a477c2e4
SOL 1W bf25move30d28 samples; 1 days; daily UTC observations2026-09-24 → 2026-10-24
2026-09-24T17:31:00+00:00 → 2026-10-24T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:5734c83aea5a76aadbc6c0998accb40c54daa52829fc4b12c3e45bbb513763b6
SOL 1W bf25moveFullHistory51 samples; 1 days; daily UTC observations2026-08-28 → 2026-10-24
2026-08-28T17:31:00+00:00 → 2026-10-24T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:b83b64ca1b2e6ed0cfd36e86a2b5918d345a15f879ffd5828b0cfc6b3c6a6da0
SOL 1W bf25levelFullHistory55 samples; 0 days; daily UTC observations2026-08-28 → 2026-10-24
2026-08-28T17:31:00+00:00 → 2026-10-24T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:451800a1efb8c118e082522324db2622f965b98ba0e93d383489cfa7e47b87cd
SOL 1W rr25move30d28 samples; 1 days; daily UTC observations2026-09-24 → 2026-10-24
2026-09-24T17:31:00+00:00 → 2026-10-24T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:7b709c374236a89e26399241b9bd55f3b95a6f1002c7fb9f4c45333adfee9876
SOL 1W rr25moveFullHistory51 samples; 1 days; daily UTC observations2026-08-28 → 2026-10-24
2026-08-28T17:31:00+00:00 → 2026-10-24T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:3eb601d2d710f88c39db99f6275e49eed1c5c1dd776dfc75e9de950938cd3a77
SOL 1W rr25levelFullHistory55 samples; 0 days; daily UTC observations2026-08-28 → 2026-10-24
2026-08-28T17:31:00+00:00 → 2026-10-24T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:5770855483a1bdd585e22d104cdb635ffbd36aa864ebf02c5a725797bced1e74
SOL 2W atmIvmove30d28 samples; 1 days; daily UTC observations2026-09-24 → 2026-10-24
2026-09-24T17:31:00+00:00 → 2026-10-24T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:3b566e6cc1798f4b3e0217e2b925af0cb46c7d010653e2547d718486a8f9955d
SOL 2W atmIvmoveFullHistory51 samples; 1 days; daily UTC observations2026-08-28 → 2026-10-24
2026-08-28T17:31:00+00:00 → 2026-10-24T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:94bf6c1c9200700fddf0f3ee46eedf5e553ae4791c37f9209aed5167dc37b176
SOL 2W atmIvlevelFullHistory55 samples; 0 days; daily UTC observations2026-08-28 → 2026-10-24
2026-08-28T17:31:00+00:00 → 2026-10-24T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:db3a49cbebb76300eeb011f29ed548402a619b65acd2d1348f45c447043225b2
SOL 2W bf25move30d28 samples; 1 days; daily UTC observations2026-09-24 → 2026-10-24
2026-09-24T17:31:00+00:00 → 2026-10-24T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:c36090d99c4823e51d98a2876a1d70d9612c46d2e5be3f25225c5327f1bb9c33
SOL 2W bf25moveFullHistory51 samples; 1 days; daily UTC observations2026-08-28 → 2026-10-24
2026-08-28T17:31:00+00:00 → 2026-10-24T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:7909de7a2688cddd3ed08f905d7d7c089214e377b16ba3171a38a12c1136e9d1
SOL 2W bf25levelFullHistory55 samples; 0 days; daily UTC observations2026-08-28 → 2026-10-24
2026-08-28T17:31:00+00:00 → 2026-10-24T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:8bac61196c41eb8532010bc431c01f4320829dbb0888bf5227d5168b19fd44f8
SOL 2W rr25move30d28 samples; 1 days; daily UTC observations2026-09-24 → 2026-10-24
2026-09-24T17:31:00+00:00 → 2026-10-24T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:2ec72019194820c958d6c5480f58fd1c76566abe2700cb831f5641f9a65c25d4
SOL 2W rr25moveFullHistory51 samples; 1 days; daily UTC observations2026-08-28 → 2026-10-24
2026-08-28T17:31:00+00:00 → 2026-10-24T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:1ac1f9f5c0add02bd92f68fbb98dddefdbe5d8307b43b96057717ec78d7b95e0
SOL 2W rr25levelFullHistory55 samples; 0 days; daily UTC observations2026-08-28 → 2026-10-24
2026-08-28T17:31:00+00:00 → 2026-10-24T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:5921aad336567bea5d549792124772f4fa6e74d52f98b7eb5bb328b7b9ca4fe0
SOL 1M atmIvmove30d28 samples; 1 days; daily UTC observations2026-09-24 → 2026-10-24
2026-09-24T17:31:00+00:00 → 2026-10-24T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:b06bbded72feada41c8ec0d0246f8c6741ee7448c65d544bfaf4eef260ce72a7
SOL 1M atmIvmoveFullHistory51 samples; 1 days; daily UTC observations2026-08-28 → 2026-10-24
2026-08-28T17:31:00+00:00 → 2026-10-24T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:a0488c26fd0775d59cebc3ea3212e2aba6db1dd2d0bea628dfcc5cd2951586dd
SOL 1M atmIvlevelFullHistory55 samples; 0 days; daily UTC observations2026-08-28 → 2026-10-24
2026-08-28T17:31:00+00:00 → 2026-10-24T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:3eca37aa93369b994e1c05e944631da9848ff8ef5134bbfd37b542f3087482a2
SOL 1M bf25move30d28 samples; 1 days; daily UTC observations2026-09-24 → 2026-10-24
2026-09-24T17:31:00+00:00 → 2026-10-24T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:29af4515b78ab8304de91e0fe422229b8084ff17ca342b126f1833d7d92a99b2
SOL 1M bf25moveFullHistory51 samples; 1 days; daily UTC observations2026-08-28 → 2026-10-24
2026-08-28T17:31:00+00:00 → 2026-10-24T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:bd268a41b6316aa5676e72aa2193c08fed76fc0bd85f65067704d31348c15199
SOL 1M bf25levelFullHistory55 samples; 0 days; daily UTC observations2026-08-28 → 2026-10-24
2026-08-28T17:31:00+00:00 → 2026-10-24T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:090c3ec919e03ed1cd3d9eeb3eab2005a6b71346781e5adcc387acf6b5d8ccbc
SOL 1M rr25move30d28 samples; 1 days; daily UTC observations2026-09-24 → 2026-10-24
2026-09-24T17:31:00+00:00 → 2026-10-24T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:9d5dcf33b7d65c504154235056a9ceb8c82bf604a527496219b6a3f9eed3582a
SOL 1M rr25moveFullHistory51 samples; 1 days; daily UTC observations2026-08-28 → 2026-10-24
2026-08-28T17:31:00+00:00 → 2026-10-24T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:3a8efe58aab84dd76154cae0eb54d64dd979a4812a1c444b07cc834a9d04db35
SOL 1M rr25levelFullHistory55 samples; 0 days; daily UTC observations2026-08-28 → 2026-10-24
2026-08-28T17:31:00+00:00 → 2026-10-24T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:e9adb8eb8bffcc27e0d977f153cbc5665754284ac45971139b28298f5779a89a
SOL 3M 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 3M atmIvmoveFullHistory23 samples; 1 days; daily UTC observations2026-08-28 → 2026-09-24
2026-08-28T17:31:00+00:00 → 2026-09-24T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:eabe301979cbc75ac14f996456138b35e52b3339205922334d83da2d8b578bf7
SOL 3M atmIvlevelFullHistory26 samples; 0 days; daily UTC observations2026-08-28 → 2026-09-24
2026-08-28T17:31:00+00:00 → 2026-09-24T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:d2d1554ad6103fa2fa9840ad60ad067033fad288080832c8f0e2375af6ae0efe
SOL 3M 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 3M bf25moveFullHistory23 samples; 1 days; daily UTC observations2026-08-28 → 2026-09-24
2026-08-28T17:31:00+00:00 → 2026-09-24T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:d824c6eb95ea332596ba282ac58ef9bb99c411c776686c25577708d0873efcfc
SOL 3M bf25levelFullHistory26 samples; 0 days; daily UTC observations2026-08-28 → 2026-09-24
2026-08-28T17:31:00+00:00 → 2026-09-24T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:ea37ef03fcb7df37c2fe4e32d3168e94ebb6aa4fe437f630879d49b9be2ca7aa
SOL 3M 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 3M rr25moveFullHistory23 samples; 1 days; daily UTC observations2026-08-28 → 2026-09-24
2026-08-28T17:31:00+00:00 → 2026-09-24T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:8f4f205339259ade2bf7e4ef18c57f629f40725caa126c49cf9da870c28b287f
SOL 3M rr25levelFullHistory26 samples; 0 days; daily UTC observations2026-08-28 → 2026-09-24
2026-08-28T17:31:00+00:00 → 2026-09-24T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:6b60fa16d9b1581c5fba1cf1e8f1286994f07cb66e87496db52b01fa430ebf88
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 25DEC26; the largest sigma change occurred at 30OCT26.

ExpiryΔ aΔ bΔ rhoΔ mΔ sigmaSmile classification
26OCT26+0.04140-0.08830-0.06180-0.02750+0.03990rotation towards puts, wing flattening
30OCT26+0.02150-0.01160-0.09780-0.05410-0.10700rotation towards puts, wing steepening
6NOV26+0.01780-0.01540-0.05090-0.03970-0.04730parallel shift higher, rotation towards calls
27NOV26+0.01590-0.00930-0.09280-0.04690-0.04490parallel shift higher, rotation towards puts
25DEC26+0.00210-0.00090-0.14290-0.07480+0.01290parallel 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 Gamma26OCT26, 0.192168 1 / USD
Highest Theta Decay26OCT26, -0.686121 USD / day
Highest Vanna25DEC26, 0.000808 delta / vol pt
Highest Vega25DEC26, 0.165391 USD / vol pt
Highest Volga25DEC26, -0.000037 USD / vol pt²

7D realised volatility · data quality

AssetRecorded RVStatusCoverage / requiredLongest gap / maximum
SOL52.51%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 25 Oct 2026, 17:31:00 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
25 Oct 2026, 17:31 UTC
Comparison snapshot
24 Oct 2026, 17:31 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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