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Daily SOL options market report · 24-hour comparison

Solana options show higher 1m RR25 skew

SOL spot fell 1.04%; 1M ATM IV rose 0.69 volatility points; Wing premium decreased (-0.05 vol points).

By Sean Gordon — Derivasys Research

Published

Snapshot data and comparison

Snapshot · 1 Nov 2026, 17:31 UTC

Generated timestamp:

Scheduled edition reference: 2026-11-01 17:31:00 UTC. Native observations below retain their actual fit times.

Report comparison baseline → current snapshot
2026-10-31 17:31:00 UTC → 2026-11-01 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 -1.04%1W ATM IV 63.10%1W RR25 -4.01 vol pts1W BF25 +1.62 vol pts1W IV − 7D RV +6.65 vol pts

Notable move: SOL 1M RR25 Δ +1.82 vol pts → -0.96 vol pts · percentile rank 83.3% by absolute move · 1-day moves · 30-day window (n=30).

1M RR25 – selected tenor
Vol points

1M RR25 – selected tenor. Vol points. SOL: Current -0.96, Previous -2.78.CurrentPreviousSOL-0.96-2.78-3.00-1.500.00

Current: 1 Nov 2026, 17:31 UTC
Previous: 31 Oct 2026, 17:31 UTC

Solana options show higher 1m RR25 skew. RR25 term structure from Derivasys data.
Source: Derivasys options data. RR25; unsupported tenors remain blank. Cite this report.

View full-size chart

Plotted chart data
RR25, vol points · 2026-11-01T17:31:00+00:00
TenorSOL currentSOL previous
1W-4.01-4.77
2W-2.39-3.50
1M-0.96-2.78
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 31 Oct, 17:31 UTC to 1 Nov, 17:31 UTC.

Previous publication · research context

2026-10-31: “Solana options show lower 1w ATM IV”

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

Previous publication JSON · SHA-256 b6ca650170ac952812b544650480e38d76659933f7c1a7b37e643e5d3a545553

Prior watch: measured outcome

Against the 2026-10-31 daily edition.

  • SOL 1M ATM IV: prior change -1.15 → current change +0.69 volatility points; direction reversed.
  • SOL spot-index return: prior change +1.19 → current change -1.04 percent; direction reversed.
  • SOL 1M RR25: prior change +0.65 → current change +1.82 volatility points; same direction.
  • SOL 1M BF25: prior change +0.26 → current change -0.05 volatility points; direction reversed.
  • SOL 1W ATM IV ≤ 64.07 percent (hold the observed endpoint) at 1 Nov, 17:31 UTC: met (observed 63.10 percent).
  • SOL 1W ATM IV ≥ 69.64 percent (full retrace to the prior endpoint) at 1 Nov, 17:31 UTC: not met (observed 63.10 percent).

Next daily cutoff: measurable checks

  • Hold the observed level: SOL 1M RR25 ≥ -0.96 volatility points at . Current level -0.96; threshold is the current observed endpoint.
  • Full retrace: SOL 1M RR25 ≤ -2.78 volatility points at . Current level -0.96; 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 4a4d91093b2ffbecdafc8de9a520d53623b5104f00e051d5c126ba9c28b0ad7b

Prior artifact: /v1/sol/daily/2026-10-31/b6ca650170ac952812b544650480e38d76659933f7c1a7b37e643e5d3a545553.json · SHA-256 b6ca650170ac952812b544650480e38d76659933f7c1a7b37e643e5d3a545553

Consumed endpoint proof: e1464928b05d957360edc021d5ba6885a84a28b0a4f57d2f945b717c364c3724

  • SOL:rr25:1M:observed-current-level: rows[asset=SOL].report.tenors[tenor=1M].rr25.previous; rows[asset=SOL].report.tenors[tenor=1M].rr25.current; rows[asset=SOL].report.tenors[tenor=1M].rr25.change; evaluation window 2026-11-01T17:31:00+00:00 to 2026-11-02T17:31:00+00:00.
  • SOL:rr25:1M:observed-previous-level: rows[asset=SOL].report.tenors[tenor=1M].rr25.previous; rows[asset=SOL].report.tenors[tenor=1M].rr25.current; rows[asset=SOL].report.tenors[tenor=1M].rr25.change; evaluation window 2026-11-01T17:31:00+00:00 to 2026-11-02T17:31:00+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 show higher 1M RR25 skew

The 1M RR25 skew change for SOL was +1.82 volatility points over the stored comparison. The Defiant reported in a headline excerpt (numerical details omitted): “Binance-Hack Launderers Reach Solana After Draining […] Million on Tron, Chainalysis Says”. This is background reporting; a direct link to the options observation is not established.

The Defiant reported in a headline excerpt (numerical details omitted): “Binance-Hack Launderers Reach Solana After Draining […] Million on Tron, Chainalysis Says”. 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 1W at -0.97 volatility points, to 63.10%.

Derived directly from structured Derivasys surface data

03 · Catalyst check

31 Oct 2026, 17:31 UTC to 01 Nov 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 63.10%, 6.65 volatility points above seven-day realised volatility of 56.45%; 24-hour realised volatility was 32.43% and 30-day realised volatility was 54.24%.

Front end

Front-end ATM IV decreased, averaging -0.24 volatility points to 60.68% 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 +1.23 volatility points to -2.45 volatility points across the three available headline tenors.

Convexity

BF25 decreased, averaging -0.14 volatility points to 1.74 volatility points across the three available headline tenors.

Largest standard-tenor move

The largest standard-tenor ATM IV move was -0.97 volatility points at 1W, to 63.10%.

24h spot-index return

SOL spot-index return was -1.04% over 24 hours.

7d spot-index return

SOL spot-index return was -6.89% over seven days.

Universe roll: added 3NOV26; removed 1NOV26. Comparisons use common expiries only.

05 · Standard-tenor ranking

Largest surface events

01

Largest eligible smile rotation

27NOV26, +2.36 vol pts
02

Largest standard-tenor RR25 move

1M, +1.82 vol pts
03

Largest standard-tenor ATM IV move

1W, -0.97 vol pts
04

Largest eligible SVI sigma move

6NOV26, +0.2867 param
05

Largest standard-tenor BF25 move

2W, -0.22 vol pts
06

Largest eligible SVI rho move

13NOV26, -0.1987 param

06 · ATM volatility

Standard-tenor ATM implied volatility.

TenorCurrent (vol %)Comparison snapshot (vol %)Change (vol pts)Relative change
1W63.1064.07-0.97 vol pts-1.51%
2W61.0861.51-0.43 vol pts-0.70%
1M57.8657.17+0.69 vol pts+1.21%
3MUnavailableUnavailableUnavailableUnavailable
6MUnavailableUnavailableUnavailableUnavailable
9MUnavailableUnavailableUnavailableUnavailable
1YUnavailableUnavailableUnavailableUnavailable

Source: Derivasys Research — structured data

07 · Risk reversals

RR25 skew moved most at 1M.

RR25 moved towards calls, averaging +1.23 volatility points to -2.45 volatility points across the three available headline tenors. Negative RR25 denotes a richer 25-delta put wing under the call-minus-put convention.

-5.2 vol pts-4.0 vol pts-2.9 vol pts-1.7 vol pts-0.5 vol pts1W2W1M
TenorCurrent (vol pts)Comparison snapshot (vol pts)Change (vol pts)
1W-4.01-4.77+0.76 vol pts
2W-2.39-3.50+1.11 vol pts
1M-0.96-2.78+1.82 vol pts
3MUnavailableUnavailableUnavailable
6MUnavailableUnavailableUnavailable
9MUnavailableUnavailableUnavailable
1YUnavailableUnavailableUnavailable

Source: Derivasys Research — structured data

08 · Butterflies

BF25 convexity by standard tenor.

BF25 decreased, averaging -0.14 volatility points to 1.74 volatility points across the three available headline tenors. BF25 measures the average 25-delta wing premium over ATM IV.

1.4 vol pts1.6 vol pts1.8 vol pts2.0 vol pts2.1 vol pts1W2W1M
TenorCurrent (vol pts)Comparison snapshot (vol pts)Change (vol pts)
1W1.621.78-0.16 vol pts
2W1.731.95-0.22 vol pts
1M1.861.91-0.05 vol pts
3MUnavailableUnavailableUnavailable
6MUnavailableUnavailableUnavailable
9MUnavailableUnavailableUnavailable
1YUnavailableUnavailableUnavailable

Source: Derivasys Research — structured data

09 · 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.

56.3%58.5%60.6%62.8%64.9%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
6NOV264.6 days94.82-1.05 USD64.21%-0.81 vol pts-0.03 vol pts-0.15 vol pts
13NOV2611.6 days94.9-1.04 USD62.24%-0.10 vol pts+0.69 vol pts-0.28 vol pts
27NOV2625.6 days94.95-1.06 USD58.45%+0.63 vol pts+1.91 vol pts-0.04 vol pts
25DEC2653.6 days95.01-0.99 USD56.33%+1.53 vol pts+1.22 vol pts-0.14 vol pts

10 · 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.

6NOV26rotation towards puts · wing steepening
-0.30k0.00k+0.30k
13NOV26parallel shift lower
-0.30k0.00k+0.30k
27NOV26rotation towards calls
-0.30k0.00k+0.30k
25DEC26rotation towards calls
-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 0.74.

Implied-volatility premium

SOL 30-day ATM IV was 58.13%, against VIX at 19.42: a 38.71-point spread and 2.99× ratio.

Daily-close realised-volatility regime

SOL reported crypto realised volatility was 45.75%, versus SPX reported realised volatility of 11.78%. The spread ranked at percentile rank 23.0% of 261 prior observations.

Equity co-movement

Return correlation with SPX was 0.735 over 30 aligned sessions and 0.491 over 60 sessions. VIX9D, VIX and VIX3M closed at 19.25, 19.42 and 20.78.

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 30 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: 2026-11-01 17:31:00 UTC. Native observations below retain their actual fit times.

Report comparison baseline → current snapshot
2026-10-31 17:31:00 UTC → 2026-11-01 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 · 1 Nov 2026, 17:31 UTC

The measurement behind the lead chart

SOL 1M RR25 -0.96 vol pts · Δ +1.82 vol pts

SOL percentile rank 83.3% by absolute move · 30-day window (n=30); 1-day moves sampled daily UTC; 2026-10-01 to 2026-10-31

Original report summary

SOL 1M RR25 skew is -0.96 percent, compared with -2.78 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 63.10% · Δ -0.97 vol pts

Skew: SOL 1W RR25 -4.01 vol pts · Δ +0.76 vol pts

Relative value: SOL 1W IV 63.10% / 7D RV 56.45% · spread +6.65 vol pts

Vol

SOL 1W ATM IV 63.10% · Δ -0.97 vol ptspercentile rank 26.7% by absolute move · 30-day window (n=30); 1-day moves sampled daily UTC; 2026-10-01 to 2026-10-31

Skew

SOL 1W RR25 -4.01 vol pts · Δ +0.76 vol ptspercentile rank 33.3% by absolute move · 30-day window (n=30); 1-day moves sampled daily UTC; 2026-10-01 to 2026-10-31

Wings

SOL 1W BF25 1.62 vol pts · Δ -0.16 vol ptspercentile rank 37.9% by absolute move · full history (n=58); 1-day moves sampled daily UTC; 2026-08-28 to 2026-10-31

IV versus RV

SOL 1W IV 63.10% / 7D RV 56.45% · spread +6.65 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 26.7% by absolute move · 30-day window (n=30); 1-day moves sampled daily UTC; 2026-10-01 to 2026-10-31

SOL 1W RR25: percentile rank 33.3% by absolute move · 30-day window (n=30); 1-day moves sampled daily UTC; 2026-10-01 to 2026-10-31

SOL 1W BF25: percentile rank 37.9% by absolute move · full history (n=58); 1-day moves sampled daily UTC; 2026-08-28 to 2026-10-31

Technical appendix: measurement and history provenance

Download the full canonical report and evidence receipts (JSON). Artifact SHA-256: 4a4d91093b2ffbecdafc8de9a520d53623b5104f00e051d5c126ba9c28b0ad7b.

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 atmIvmove30d30 samples; 1 days; daily UTC observations2026-10-01 → 2026-10-31
2026-10-01T17:31:00+00:00 → 2026-10-31T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:cab811cb3e780f0a3354c5fbc77041c013b8cc3dd7eb2cc9ab747ec74dc5f59c
SOL 1W atmIvmoveFullHistory58 samples; 1 days; daily UTC observations2026-08-28 → 2026-10-31
2026-08-28T17:31:00+00:00 → 2026-10-31T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:e8a6f327ec423c62ab18e52fee06a790c9f2464991ba12ed7bc80fc851f220d9
SOL 1W atmIvlevelFullHistory62 samples; 0 days; daily UTC observations2026-08-28 → 2026-10-31
2026-08-28T17:31:00+00:00 → 2026-10-31T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:e340998c18d519597ef488c33426a37ca0ecf98fd0e7b2a782ff02276d5dc6b3
SOL 1W bf25move30d30 samples; 1 days; daily UTC observations2026-10-01 → 2026-10-31
2026-10-01T17:31:00+00:00 → 2026-10-31T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:b45f8bc0dd60f89a923868ea397a8f413c7c6e9049cbb0c9df7452bc0d5d6d76
SOL 1W bf25moveFullHistory58 samples; 1 days; daily UTC observations2026-08-28 → 2026-10-31
2026-08-28T17:31:00+00:00 → 2026-10-31T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:818fa468774405bf5182e392a0c33b4392fd366b55d6f6423cd4474fbe3b551a
SOL 1W bf25levelFullHistory62 samples; 0 days; daily UTC observations2026-08-28 → 2026-10-31
2026-08-28T17:31:00+00:00 → 2026-10-31T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:ef54ce3bb62b7eac6e2c159fb47da9cee26fc6906c76ab26466d33963ff36917
SOL 1W rr25move30d30 samples; 1 days; daily UTC observations2026-10-01 → 2026-10-31
2026-10-01T17:31:00+00:00 → 2026-10-31T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:5a9cc5b0819692c2a0744040dbafb18ee56249470c83dd3fd827ec5287727775
SOL 1W rr25moveFullHistory58 samples; 1 days; daily UTC observations2026-08-28 → 2026-10-31
2026-08-28T17:31:00+00:00 → 2026-10-31T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:6de58c4844701351087282d179a9dd6e6a36e90ec60625ae0b121546332e1f59
SOL 1W rr25levelFullHistory62 samples; 0 days; daily UTC observations2026-08-28 → 2026-10-31
2026-08-28T17:31:00+00:00 → 2026-10-31T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:7b7ad3b6a7e29bdc7a081fd3c9a71e21221abe3c9b6ff42bd022c7fedd00c17f
SOL 2W atmIvmove30d30 samples; 1 days; daily UTC observations2026-10-01 → 2026-10-31
2026-10-01T17:31:00+00:00 → 2026-10-31T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:e8121cc05875fbe16b51274ef637dba71c98552b2af07337fa9a5e6896622498
SOL 2W atmIvmoveFullHistory58 samples; 1 days; daily UTC observations2026-08-28 → 2026-10-31
2026-08-28T17:31:00+00:00 → 2026-10-31T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:700c70c68a06cf7518d96029f97a84f1e8c60af808a7b75ada5c331880aba8ec
SOL 2W atmIvlevelFullHistory62 samples; 0 days; daily UTC observations2026-08-28 → 2026-10-31
2026-08-28T17:31:00+00:00 → 2026-10-31T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:a0af24d8f300f1c5f1cdc2cec3bf059898f4d7d2f2d4b6d5a539a23ad9924799
SOL 2W bf25move30d30 samples; 1 days; daily UTC observations2026-10-01 → 2026-10-31
2026-10-01T17:31:00+00:00 → 2026-10-31T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:1d15ca1fef5c8c61a16e7d8e3f7e30964bf7a74e15cf4d68af9eab7c39d4b472
SOL 2W bf25moveFullHistory58 samples; 1 days; daily UTC observations2026-08-28 → 2026-10-31
2026-08-28T17:31:00+00:00 → 2026-10-31T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:782eae2cfca8f6bde84769ad868d4e9294e514b14fa23bf96160f1e463bd7bc9
SOL 2W bf25levelFullHistory62 samples; 0 days; daily UTC observations2026-08-28 → 2026-10-31
2026-08-28T17:31:00+00:00 → 2026-10-31T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:f65a17d6dd4aa92a4bb2d69096e01a56c57470dd4c7465cf9f9fb62b41702434
SOL 2W rr25move30d30 samples; 1 days; daily UTC observations2026-10-01 → 2026-10-31
2026-10-01T17:31:00+00:00 → 2026-10-31T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:b51a939655df80ab0885bf6efc1303e5953d6ce75f2e97c44ea3b2cf168fd2a0
SOL 2W rr25moveFullHistory58 samples; 1 days; daily UTC observations2026-08-28 → 2026-10-31
2026-08-28T17:31:00+00:00 → 2026-10-31T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:06508e32d4c3f2ac752724041d9cd977b9fcd7dcc64547d2b4a24348a2c76e26
SOL 2W rr25levelFullHistory62 samples; 0 days; daily UTC observations2026-08-28 → 2026-10-31
2026-08-28T17:31:00+00:00 → 2026-10-31T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:0a9e4dbfff670f70e1a0212ee0e5e99998765e1188255a49fac4e16877e9cdf0
SOL 1M atmIvmove30d30 samples; 1 days; daily UTC observations2026-10-01 → 2026-10-31
2026-10-01T17:31:00+00:00 → 2026-10-31T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:e2378063de75312373b1199acd5692f1c5013efea7b212a48a46d4347230f4f2
SOL 1M atmIvmoveFullHistory58 samples; 1 days; daily UTC observations2026-08-28 → 2026-10-31
2026-08-28T17:31:00+00:00 → 2026-10-31T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:1d4f217141653a307b05fd29f45cd9c3360297aa48ef964deec5fa00948deb06
SOL 1M atmIvlevelFullHistory62 samples; 0 days; daily UTC observations2026-08-28 → 2026-10-31
2026-08-28T17:31:00+00:00 → 2026-10-31T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:787db8b5f0eed8585706339e3b6edf5957757906a8376f6a639106703f095bf0
SOL 1M bf25move30d30 samples; 1 days; daily UTC observations2026-10-01 → 2026-10-31
2026-10-01T17:31:00+00:00 → 2026-10-31T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:8d578030edadfd1a33d59a0c4d55780ce254fa9c9ab31fd9a8a458079124c7ca
SOL 1M bf25moveFullHistory58 samples; 1 days; daily UTC observations2026-08-28 → 2026-10-31
2026-08-28T17:31:00+00:00 → 2026-10-31T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:bab751d0d593aa3ce992629327f751323f3a3fba5ab3709d999a3d0165d9bb84
SOL 1M bf25levelFullHistory62 samples; 0 days; daily UTC observations2026-08-28 → 2026-10-31
2026-08-28T17:31:00+00:00 → 2026-10-31T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:8b4f616f74a3042809550f9e9b914417c2301c409e6695af5973654442c1c8f1
SOL 1M rr25move30d30 samples; 1 days; daily UTC observations2026-10-01 → 2026-10-31
2026-10-01T17:31:00+00:00 → 2026-10-31T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:6b3cfbba7bc5bfdf961b358b8e4648aef79ac8c701bad2bf90b65d28e4d92b0f
SOL 1M rr25moveFullHistory58 samples; 1 days; daily UTC observations2026-08-28 → 2026-10-31
2026-08-28T17:31:00+00:00 → 2026-10-31T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:2f000e37ecb02ff20779efa5b4cea26163a09c762145b55f052bbca0d86ebd59
SOL 1M rr25levelFullHistory62 samples; 0 days; daily UTC observations2026-08-28 → 2026-10-31
2026-08-28T17:31:00+00:00 → 2026-10-31T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:ed803f53415f6512d95ac9e6573042a72f185896e7fdadbb0072ead6118eacda
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

11 · 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 13NOV26; the largest sigma change occurred at 6NOV26.

ExpiryΔ aΔ bΔ rhoΔ mΔ sigmaSmile classification
6NOV26-0.05200+0.04900-0.01670-0.02920+0.28670rotation towards puts, wing steepening
13NOV26-0.05000+0.04400-0.19870-0.08400+0.27300parallel shift lower
27NOV26-0.03400+0.03410+0.00040-0.05410+0.12250rotation towards calls
25DEC26-0.03240+0.031400.00000-0.04880+0.13840rotation towards calls

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 Gamma6NOV26, 0.058308 1 / USD
Highest Theta Decay6NOV26, -0.296081 USD / day
Highest Vanna25DEC26, 0.00076 delta / vol pt
Highest Vega25DEC26, 0.144411 USD / vol pt
Highest Volga25DEC26, -0.00003 USD / vol pt²

7D realised volatility · data quality

AssetRecorded RVStatusCoverage / requiredLongest gap / maximum
SOL56.45%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 01 Nov 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

12 · Methodology and provenance

Generated from measured Derivasys surface data.

Current snapshot
01 Nov 2026, 17:31 UTC
Comparison snapshot
31 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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