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Daily SOL options market report · 24-hour comparison

Solana options see two-week implied volatility fall 1.79 points to 51.83%

SOL spot rose 0.66%; Skew moved toward puts (-1.52 vol points); Wing premium decreased (-0.01 vol points).

By Sean Gordon — Derivasys Research

Published

Snapshot data and comparison

Snapshot · 29 Oct 2026, 17:31 UTC

Generated timestamp:

Scheduled edition reference: 2026-10-29 17:31:00 UTC. Native observations below retain their actual fit times.

Report comparison baseline → current snapshot
2026-10-28 17:31:00 UTC → 2026-10-29 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 +0.66%1W ATM IV 53.62%1W RR25 -1.06 vol pts1W BF25 +1.38 vol pts1W IV − 7D RV +6.14 vol pts

Lead move: SOL 2W ATM IV Δ -1.79 vol pts → 51.83% · percentile rank 60.0% by absolute move · 1-day moves · full history (n=55).

2W ATM IV – selected tenor
Percent

2W ATM IV – selected tenor. Percent. SOL: Current 51.83, Previous 53.62.CurrentPreviousSOL51.8353.620.0028.9557.91

Current: 29 Oct 2026, 17:31 UTC
Previous: 28 Oct 2026, 17:31 UTC

Solana options see two-week implied volatility fall 1.79 points to 51.83%. 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 · 2026-10-29T17:31:00+00:00
TenorSOL currentSOL previous
1W53.6255.35
2W51.8353.62
1M51.6352.21
3MUnavailableUnavailable
6MUnavailableUnavailable
9MUnavailableUnavailable
1YUnavailableUnavailable
Chart download and reuse termsDownload 1280 × 720 chart · Reuse terms
Previous report, watch levels and methodology

Uses the stored headline’s selected tenor. Cutoffs 28 Oct, 17:31 UTC to 29 Oct, 17:31 UTC.

Previous publication · research context

2026-10-28: “Solana options see one-week implied volatility rise 0.92 points to 55.35%”

Previous publication cutoff 28 Oct, 17:31 UTC. Today’s market comparison starts at 28 Oct, 17:31 UTC. Snapshot clocks align for the measured comparison below.

Previous publication JSON · SHA-256 18593c2d2c681d10edc8b23284710427070bea8e87d3422b26ce252191847944

Prior watch: measured outcome

Against the 2026-10-28 daily edition.

  • SOL 2W ATM IV: prior change -0.12 → current change -1.79 volatility points; same direction.
  • SOL spot-index return: prior change -0.11 → current change +0.66 percent; direction reversed.
  • SOL 2W RR25: prior change -0.46 → current change -1.52 volatility points; same direction.
  • SOL 2W BF25: prior change +0.04 → current change -0.01 volatility points; direction reversed.
  • SOL 1W ATM IV ≥ 55.35 percent (hold the observed endpoint) at 29 Oct, 17:31 UTC: not met (observed 53.62 percent).
  • SOL 1W ATM IV ≤ 54.43 percent (full retrace to the prior endpoint) at 29 Oct, 17:31 UTC: met (observed 53.62 percent).

Next daily cutoff: measurable checks

  • Hold the observed level: SOL 2W ATM IV ≤ 51.83 percent at . Current level 51.83; threshold is the current observed endpoint.
  • Full retrace: SOL 2W ATM IV ≥ 53.62 percent at . Current level 51.83; 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 4820330c03607c399e3e372028f6afc81eaac76d054eada7f728b679bfb5c203

Prior artifact: /v1/sol/daily/2026-10-28/18593c2d2c681d10edc8b23284710427070bea8e87d3422b26ce252191847944.json · SHA-256 18593c2d2c681d10edc8b23284710427070bea8e87d3422b26ce252191847944

Consumed endpoint proof: 6bf08ece93fad9f1b78cda512e96c122ae74ad220c8cdaace5504434a369dbb3

  • SOL:atmIv:2W:observed-current-level: rows[asset=SOL].report.tenors[tenor=2W].atmIv.previous; rows[asset=SOL].report.tenors[tenor=2W].atmIv.current; rows[asset=SOL].report.tenors[tenor=2W].atmIv.change; evaluation window 2026-10-29T17:31:00+00:00 to 2026-10-30T17:31:00+00:00.
  • SOL:atmIv:2W:observed-previous-level: rows[asset=SOL].report.tenors[tenor=2W].atmIv.previous; rows[asset=SOL].report.tenors[tenor=2W].atmIv.current; rows[asset=SOL].report.tenors[tenor=2W].atmIv.change; evaluation window 2026-10-29T17:31:00+00:00 to 2026-10-30T17:31:00+00:00.
Chart notes

01 · Daily briefing

Macro · Crypto · Options

The day in markets.

Smile rotation is the fitted IV change at +0.15 log-moneyness minus the change at −0.15, in volatility points. A positive reading indicates a relative shift toward the call side.

Solana options see two-week implied volatility fall 1.79 points to 51.83%

The 2W ATM IV change for SOL was -1.79 volatility points over the stored comparison. CoinDesk reported in a headline excerpt (numerical details omitted): “Solana wallet Solflare pledges to pay missed rewards on staked […] million after validator goes offline”. This is background reporting; a direct link to the options observation is not established.

CoinDesk reported in a headline excerpt (numerical details omitted): “Solana wallet Solflare pledges to pay missed rewards on staked […] million after validator goes offline”. This is background reporting; a direct link to the options observation is not established.

Macro

No qualifying macro event was retained for this report window.

Crypto

Selected canonical sources are retained below as context.

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

02 · Options market read

What the volatility surface did.

3 of 6 headline tenors were comparable at both endpoints. The largest ATM IV move was 2W at -1.79 volatility points, to 51.83%.

Derived directly from structured Derivasys surface data

03 · Catalyst check

28 Oct 2026, 17:31 UTC to 29 Oct 2026, 17:31 UTC

Relevant context found; no confirmed catalyst

Relevant market event

1 relevant event was retained for the comparison window.

Confidencelow causal confidence

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

04 · Detailed analysis

What changed across the SOL volatility surface.

Implied versus realised

At the 17:31 UTC cutoff, 1W ATM IV was 53.62%, 6.14 volatility points above seven-day realised volatility of 47.48%; 24-hour realised volatility was 57.89% and 30-day realised volatility was 53.54%.

Front end

Front-end ATM IV decreased, averaging -1.37 volatility points to 52.36% 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 -1.46 volatility points to -0.67 volatility points across the three available headline tenors.

Convexity

BF25 decreased, averaging -0.17 volatility points to 1.62 volatility points across the three available headline tenors.

Largest standard-tenor move

The largest standard-tenor ATM IV move was -1.79 volatility points at 2W, to 51.83%.

24h spot-index return

SOL spot-index return was +0.66% over 24 hours.

7d spot-index return

SOL spot-index return was -2.12% over seven days.

Universe roll: added 13NOV26, 31OCT26; removed 29OCT26. Comparisons use common expiries only.

05 · Standard-tenor ranking

Largest surface events

01

Largest eligible smile rotation

6NOV26, -2.95 vol pts
02

Largest standard-tenor ATM IV move

2W, -1.79 vol pts
03

Largest standard-tenor RR25 move

2W, -1.52 vol pts
04

Largest standard-tenor BF25 move

1W, -0.27 vol pts
05

Largest eligible SVI sigma move

25DEC26, +0.1714 param
06

Largest eligible SVI rho move

25DEC26, -0.0828 param

06 · ATM volatility

Standard-tenor ATM implied volatility.

TenorCurrent (vol %)Comparison snapshot (vol %)Change (vol pts)Relative change
1W53.6255.35-1.73 vol pts-3.13%
2W51.8353.62-1.79 vol pts-3.34%
1M51.6352.21-0.58 vol pts-1.11%
3MUnavailableUnavailableUnavailableUnavailable
6MUnavailableUnavailableUnavailableUnavailable
9MUnavailableUnavailableUnavailableUnavailable
1YUnavailableUnavailableUnavailableUnavailable

Source: Derivasys Research — structured data

07 · Risk reversals

RR25 skew moved most at 2W.

RR25 moved towards puts, averaging -1.46 volatility points to -0.67 volatility points across the three available headline tenors. Negative RR25 denotes a richer 25-delta put wing under the call-minus-put convention.

-1.3 vol pts-0.6 vol pts0.1 vol pts0.8 vol pts1.4 vol pts1W2W1M
TenorCurrent (vol pts)Comparison snapshot (vol pts)Change (vol pts)
1W-1.060.35-1.41 vol pts
2W-0.670.85-1.52 vol pts
1M-0.281.18-1.46 vol pts
3MUnavailableUnavailableUnavailable
6MUnavailableUnavailableUnavailable
9MUnavailableUnavailableUnavailable
1YUnavailableUnavailableUnavailable

Source: Derivasys Research — structured data

08 · Butterflies

BF25 convexity changed most at 1W.

BF25 decreased, averaging -0.17 volatility points to 1.62 volatility points across the three available headline tenors. BF25 measures the average 25-delta wing premium over ATM IV.

1.2 vol pts1.4 vol pts1.6 vol pts1.9 vol pts2.1 vol pts1W2W1M
TenorCurrent (vol pts)Comparison snapshot (vol pts)Change (vol pts)
1W1.381.65-0.27 vol pts
2W1.791.80-0.01 vol pts
1M1.701.92-0.22 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

30OCT26, -12.75 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.

51.2%52.3%53.5%54.6%55.8%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
30OCT26Expiry effect0.6 days101.57+0.56 USD43.76%-12.75 vol pts+1.04 vol pts-1.24 vol pts
6NOV267.6 days101.63+0.61 USD53.81%-1.47 vol pts-1.53 vol pts-0.28 vol pts
27NOV2628.6 days101.9+0.60 USD51.56%-0.63 vol pts-1.53 vol pts-0.23 vol pts
25DEC2656.6 days102.19+0.59 USD52.25%-0.73 vol pts-0.77 vol pts-0.18 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.

30OCT26parallel shift lower · rotation towards calls · wing flattening
-0.30k0.00k+0.30k
6NOV26rotation towards puts
-0.30k0.00k+0.30k
27NOV26rotation towards puts
-0.30k0.00k+0.30k
25DEC26rotation towards puts
-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 3.0 times VIX, while its 30-session return correlation with SPX was mixed at 0.54.

Implied-volatility premium

SOL 30-day ATM IV was 50.60%, against VIX at 16.91: a 33.69-point spread and 2.99× ratio.

Daily-close realised-volatility regime

SOL reported crypto realised volatility was 39.87%, versus SPX reported realised volatility of 10.10%. The spread ranked at percentile rank 15.4% of 259 prior observations.

Equity co-movement

Return correlation with SPX was 0.544 over 30 aligned sessions and 0.453 over 60 sessions. VIX9D, VIX and VIX3M closed at 15.60, 16.91 and 19.22.

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 28 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: 2026-10-29 17:31:00 UTC. Native observations below retain their actual fit times.

Report comparison baseline → current snapshot
2026-10-28 17:31:00 UTC → 2026-10-29 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 · 29 Oct 2026, 17:31 UTC

The measurement behind the lead chart

SOL 2W ATM IV 51.83% · Δ -1.79 vol pts

SOL percentile rank 60.0% by absolute move · full history (n=55); 1-day moves sampled daily UTC; 2026-08-28 to 2026-10-28

Original report summary

SOL 2W ATM IV is 51.83 percent, compared with 53.62 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 53.62% · Δ -1.73 vol pts

Skew: SOL 1W RR25 -1.06 vol pts · Δ -1.41 vol pts

Relative value: SOL 1W IV 53.62% / 7D RV 47.48% · spread +6.14 vol pts

Vol

SOL 1W ATM IV 53.62% · Δ -1.73 vol ptspercentile rank 44.8% by absolute move · 30-day window (n=29); 1-day moves sampled daily UTC; 2026-09-29 to 2026-10-28

Skew

SOL 1W RR25 -1.06 vol pts · Δ -1.41 vol ptspercentile rank 62.1% by absolute move · 30-day window (n=29); 1-day moves sampled daily UTC; 2026-09-29 to 2026-10-28

Wings

SOL 1W BF25 1.38 vol pts · Δ -0.27 vol ptspercentile rank 65.5% by absolute move · 30-day window (n=29); 1-day moves sampled daily UTC; 2026-09-29 to 2026-10-28

IV versus RV

SOL 1W IV 53.62% / 7D RV 47.48% · spread +6.14 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 44.8% by absolute move · 30-day window (n=29); 1-day moves sampled daily UTC; 2026-09-29 to 2026-10-28

SOL 1W RR25: percentile rank 62.1% by absolute move · 30-day window (n=29); 1-day moves sampled daily UTC; 2026-09-29 to 2026-10-28

SOL 1W BF25: percentile rank 65.5% by absolute move · 30-day window (n=29); 1-day moves sampled daily UTC; 2026-09-29 to 2026-10-28

Technical appendix: measurement and history provenance

Download the full canonical report and evidence receipts (JSON). Artifact SHA-256: 4820330c03607c399e3e372028f6afc81eaac76d054eada7f728b679bfb5c203.

Solana options see two-week implied volatility fall 1.79 points to 51.83% 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 atmIvmove30d29 samples; 1 days; daily UTC observations2026-09-29 → 2026-10-28
2026-09-29T17:31:00+00:00 → 2026-10-28T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:a2394c6109b3a80fa3643ad07648bb13ff8822c72eba62f20e308cba20d2700d
SOL 1W atmIvmoveFullHistory55 samples; 1 days; daily UTC observations2026-08-28 → 2026-10-28
2026-08-28T17:31:00+00:00 → 2026-10-28T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:48395e9bd53fca538cbe9d140d8604343d3e6dbb51b9a8e7289052db1e8a1022
SOL 1W atmIvlevelFullHistory59 samples; 0 days; daily UTC observations2026-08-28 → 2026-10-28
2026-08-28T17:31:00+00:00 → 2026-10-28T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:73bd5df8fef8e7247ed456293718482ec483364bb08716f3363804638cdff9ae
SOL 1W bf25move30d29 samples; 1 days; daily UTC observations2026-09-29 → 2026-10-28
2026-09-29T17:31:00+00:00 → 2026-10-28T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:a6ef9f139fd2068888eca386722d6ff33bb994831163af01dffa9d7e6f32cbc8
SOL 1W bf25moveFullHistory55 samples; 1 days; daily UTC observations2026-08-28 → 2026-10-28
2026-08-28T17:31:00+00:00 → 2026-10-28T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:a7111fb0414491b189d17e034f4f3e006fcd80157b5e7e4b6e058bcd92a5877d
SOL 1W bf25levelFullHistory59 samples; 0 days; daily UTC observations2026-08-28 → 2026-10-28
2026-08-28T17:31:00+00:00 → 2026-10-28T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:705e410da7f563435ecdf540e897240b20585b0f01acd500d1c92f12c003b4bc
SOL 1W rr25move30d29 samples; 1 days; daily UTC observations2026-09-29 → 2026-10-28
2026-09-29T17:31:00+00:00 → 2026-10-28T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:0c9f8b533d0be1da1af5eaab86b1210e755d2b788dc384d38b76bb1ab3e392ca
SOL 1W rr25moveFullHistory55 samples; 1 days; daily UTC observations2026-08-28 → 2026-10-28
2026-08-28T17:31:00+00:00 → 2026-10-28T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:5201506f3ed7bf56ab996515d46ff4bcf50f7e1be877eb56ffc8c8cc3a056962
SOL 1W rr25levelFullHistory59 samples; 0 days; daily UTC observations2026-08-28 → 2026-10-28
2026-08-28T17:31:00+00:00 → 2026-10-28T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:d1549acb44fa91a4045a564480e591302e5f0cf2a59e05973ba46d7c4786707a
SOL 2W atmIvmove30d29 samples; 1 days; daily UTC observations2026-09-29 → 2026-10-28
2026-09-29T17:31:00+00:00 → 2026-10-28T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:e9350b0c1bc96cfc77016195ab5fe05fb401189bde5215e05382145a5edea4dd
SOL 2W atmIvmoveFullHistory55 samples; 1 days; daily UTC observations2026-08-28 → 2026-10-28
2026-08-28T17:31:00+00:00 → 2026-10-28T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:3332c05a51f8065715c1c14e99a4deb386a1b41bf98fe39f1cfc7dabca548f52
SOL 2W atmIvlevelFullHistory59 samples; 0 days; daily UTC observations2026-08-28 → 2026-10-28
2026-08-28T17:31:00+00:00 → 2026-10-28T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:57c0ce964f42f52df7360fa46d6266bdc10d5ecc2ace1cb9dd6bc429533a4bde
SOL 2W bf25move30d29 samples; 1 days; daily UTC observations2026-09-29 → 2026-10-28
2026-09-29T17:31:00+00:00 → 2026-10-28T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:daddc60b76e9c25d54c4cd4c8cd2f90c263d013c278092fcf3d9db6cac1a40f5
SOL 2W bf25moveFullHistory55 samples; 1 days; daily UTC observations2026-08-28 → 2026-10-28
2026-08-28T17:31:00+00:00 → 2026-10-28T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:e8802207e4f7dec64c797d405bd84f584e4ea048d9c2b790d1e382f4e8f9c3f7
SOL 2W bf25levelFullHistory59 samples; 0 days; daily UTC observations2026-08-28 → 2026-10-28
2026-08-28T17:31:00+00:00 → 2026-10-28T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:e8e72a377cd7623f1ac40af06400b2341681d4ee2e4a3bdad2935ec7303b387d
SOL 2W rr25move30d29 samples; 1 days; daily UTC observations2026-09-29 → 2026-10-28
2026-09-29T17:31:00+00:00 → 2026-10-28T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:c51e7e29dfbdb67c0e1dc7eb18d8207cedc7fccab4ec74bdb9f9ccbdd854f6e6
SOL 2W rr25moveFullHistory55 samples; 1 days; daily UTC observations2026-08-28 → 2026-10-28
2026-08-28T17:31:00+00:00 → 2026-10-28T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:ba0d8a4f5882c0e98bec9f7408d1781388e36b4d9d2b2ce8485def531a6dec95
SOL 2W rr25levelFullHistory59 samples; 0 days; daily UTC observations2026-08-28 → 2026-10-28
2026-08-28T17:31:00+00:00 → 2026-10-28T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:489e53feee49ec7d59e59fd8e85ac3c7e990cfd84b2e644868b55f36f959e6b7
SOL 1M atmIvmove30d29 samples; 1 days; daily UTC observations2026-09-29 → 2026-10-28
2026-09-29T17:31:00+00:00 → 2026-10-28T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:dac915cdbe2e69480904b336e1c1f944822815f60e8e0a428fd9f44ca8d22270
SOL 1M atmIvmoveFullHistory55 samples; 1 days; daily UTC observations2026-08-28 → 2026-10-28
2026-08-28T17:31:00+00:00 → 2026-10-28T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:5f1e116a0bda33abdf67ab1dd86146f414dc125d094b25a85d97d39461f2267a
SOL 1M atmIvlevelFullHistory59 samples; 0 days; daily UTC observations2026-08-28 → 2026-10-28
2026-08-28T17:31:00+00:00 → 2026-10-28T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:75ef3dedbf87e9a0250739bcdaa6ddfd56d1ad5f84f0497f414cef59cb179cc9
SOL 1M bf25move30d29 samples; 1 days; daily UTC observations2026-09-29 → 2026-10-28
2026-09-29T17:31:00+00:00 → 2026-10-28T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:0be894d9baa427256b8f7fc9b5235292c12886378cf346c52e965a8208365d21
SOL 1M bf25moveFullHistory55 samples; 1 days; daily UTC observations2026-08-28 → 2026-10-28
2026-08-28T17:31:00+00:00 → 2026-10-28T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:593e8c7d3ae7b660d587ba12fdc1afd61c5b1c26a5492c0e708d6a7be9f031ce
SOL 1M bf25levelFullHistory59 samples; 0 days; daily UTC observations2026-08-28 → 2026-10-28
2026-08-28T17:31:00+00:00 → 2026-10-28T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:d03d0b5b8a81b44c14c6e518b85e8d5063b8c65928cfcdb7aabc874350e68bd4
SOL 1M rr25move30d29 samples; 1 days; daily UTC observations2026-09-29 → 2026-10-28
2026-09-29T17:31:00+00:00 → 2026-10-28T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:96dab006512d9465ef59b4bf9c63ddd1f8ffc746c3a777b4e3b290c3033f3ae9
SOL 1M rr25moveFullHistory55 samples; 1 days; daily UTC observations2026-08-28 → 2026-10-28
2026-08-28T17:31:00+00:00 → 2026-10-28T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:e2f38ed922cd8aeb1995a9965cb482919dda8d65476b5ce96a13b4d4a5cb04ce
SOL 1M rr25levelFullHistory59 samples; 0 days; daily UTC observations2026-08-28 → 2026-10-28
2026-08-28T17:31:00+00:00 → 2026-10-28T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:4d8d5168f94d79620561589168129e5df3d5f56ccfe4a31713da496e40d37638
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; sha256:54cc918445a350435f62ccc2c3515010e76a79119a328b1dc7f39940de4024e2
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; sha256:8c4eb108fc35fa212bcbdbc5a8a3dc1cc4c02b5e46816e41e635260846541693
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 25DEC26.

ExpiryΔ aΔ bΔ rhoΔ mΔ sigmaSmile classification
30OCT26+0.03110-0.07750+0.05390+0.01950+0.17350parallel shift lower, rotation towards calls, wing flattening
6NOV26-0.03300+0.01540+0.02220-0.00040+0.16050rotation towards puts
27NOV26-0.03610+0.02370+0.03330+0.02060+0.14730rotation towards puts
25DEC26-0.05310+0.05090-0.08280-0.06130+0.17140rotation towards puts

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 Gamma30OCT26, 0.22073 1 / USD
Highest Theta Decay30OCT26, -0.597343 USD / day
Highest Vanna25DEC26, 0.000781 delta / vol pt
Highest Vega25DEC26, 0.159696 USD / vol pt
Highest Volga25DEC26, -0.000032 USD / vol pt²

7D realised volatility · data quality

AssetRecorded RVStatusCoverage / requiredLongest gap / maximum
SOL47.48%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 29 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
29 Oct 2026, 17:31 UTC
Comparison snapshot
28 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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