Derivasys
Open Dashboard

Daily SOL options market report · 24-hour comparison

Solana options show lower 2w ATM IV

SOL spot fell 2.46%; Skew moved toward puts (-1.52 vol points); Wing premium decreased (-0.16 vol points).

By Sean Gordon — Derivasys Research

Published

Snapshot data and comparison

Snapshot · 2 Nov 2026, 17:31 UTC

Generated timestamp:

Scheduled edition reference: 2026-11-02 17:31:00 UTC. Native observations below retain their actual fit times.

Report comparison baseline → current snapshot
2026-11-01 17:31:00 UTC → 2026-11-02 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 -2.46%1W ATM IV 60.47%1W RR25 -5.72 vol pts1W BF25 +1.56 vol pts1W IV − 7D RV +3.92 vol pts

Notable move: SOL 2W ATM IV Δ -3.62 vol pts → 57.46% · percentile rank 93.3% by absolute move · 1-day moves · 30-day window (n=30).

2W ATM IV – selected tenor
Percent

2W ATM IV – selected tenor. Percent. SOL: Current 57.46, Previous 61.08.CurrentPreviousSOL57.4661.080.0032.9865.97

Current: 2 Nov 2026, 17:31 UTC
Previous: 1 Nov 2026, 17:31 UTC

Solana options show lower 2w 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 · 2026-11-02T17:31:00+00:00
TenorSOL currentSOL previous
1W60.4763.10
2W57.4661.08
1M55.4457.86
3MUnavailableUnavailable
6MUnavailableUnavailable
9MUnavailableUnavailable
1YUnavailableUnavailable

The 2W ATM IV change for SOL was -3.62 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 1 Nov, 17:31 UTC to 2 Nov, 17:31 UTC.

Previous publication · research context

2026-11-01: “Solana options show higher 1m RR25 skew”

Previous publication cutoff 1 Nov, 17:31 UTC. Today’s market comparison starts at 1 Nov, 17:31 UTC. Snapshot clocks align for the measured comparison below.

Previous publication JSON · SHA-256 4a4d91093b2ffbecdafc8de9a520d53623b5104f00e051d5c126ba9c28b0ad7b

Prior watch: measured outcome

Against the 2026-11-01 daily edition.

  • SOL 2W ATM IV: prior change -0.43 → current change -3.62 volatility points; same direction.
  • SOL spot-index return: prior change -1.04 → current change -2.46 percent; same direction.
  • SOL 2W RR25: prior change +1.11 → current change -1.52 volatility points; direction reversed.
  • SOL 2W BF25: prior change -0.22 → current change -0.16 volatility points; same direction.
  • SOL 1M RR25 ≥ -0.96 volatility points (hold the observed endpoint) at 2 Nov, 17:31 UTC: not met (observed -2.23 volatility points).
  • SOL 1M RR25 ≤ -2.78 volatility points (full retrace to the prior endpoint) at 2 Nov, 17:31 UTC: not met (observed -2.23 volatility points).

Next daily cutoff: measurable checks

  • Hold the observed level: SOL 2W ATM IV ≤ 57.46 percent at . Current level 57.46; threshold is the current observed endpoint.
  • Full retrace: SOL 2W ATM IV ≥ 61.08 percent at . Current level 57.46; 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 d64fb2967c21988e599fd85485b61ba016248a58cdfce9bc70abc5c74b4e5794

Prior artifact: /v1/sol/daily/2026-11-01/4a4d91093b2ffbecdafc8de9a520d53623b5104f00e051d5c126ba9c28b0ad7b.json · SHA-256 4a4d91093b2ffbecdafc8de9a520d53623b5104f00e051d5c126ba9c28b0ad7b

Consumed endpoint proof: b62d2e5a9746da062730ad4b70e748c3653800a2e513f267041746b97ece64a6

  • 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 2026-11-02T17:31:00+00:00 to 2026-11-03T17:31:00+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 2026-11-02T17:31:00+00:00 to 2026-11-03T17:31:00+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 2W at -3.62 volatility points, to 57.46%.

Derived directly from structured Derivasys surface data

03 · Catalyst check

01 Nov 2026, 17:31 UTC to 02 Nov 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 60.47%, 3.92 volatility points above seven-day realised volatility of 56.55%; 24-hour realised volatility was 54.48% and 30-day realised volatility was 54.75%.

Front end

Front-end ATM IV decreased, averaging -2.89 volatility points to 57.79% 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 -1.50 volatility points to -3.95 volatility points across the three available headline tenors.

Convexity

BF25 decreased, averaging -0.13 volatility points to 1.61 volatility points across the three available headline tenors.

Largest standard-tenor move

The largest standard-tenor ATM IV move was -3.62 volatility points at 2W, to 57.46%.

24h spot-index return

SOL spot-index return was -2.46% over 24 hours.

7d spot-index return

SOL spot-index return was -8.72% over seven days.

Universe roll: added 4NOV26; removed 2NOV26. Comparisons use common expiries only.

05 · Standard-tenor ranking

Largest surface events

01

Largest eligible smile rotation

6NOV26, -5.21 vol pts
02

Largest standard-tenor ATM IV move

2W, -3.62 vol pts
03

Largest standard-tenor RR25 move

1W, -1.71 vol pts
04

Largest eligible SVI sigma move

25DEC26, +0.2730 param
05

Largest eligible SVI rho move

6NOV26, +0.2054 param
06

Largest standard-tenor BF25 move

2W, -0.16 vol pts

06 · ATM volatility

Standard-tenor ATM implied volatility.

TenorCurrent (vol %)Comparison snapshot (vol %)Change (vol pts)Relative change
1W60.4763.10-2.63 vol pts-4.17%
2W57.4661.08-3.62 vol pts-5.93%
1M55.4457.86-2.42 vol pts-4.18%
3MUnavailableUnavailableUnavailableUnavailable
6MUnavailableUnavailableUnavailableUnavailable
9MUnavailableUnavailableUnavailableUnavailable
1YUnavailableUnavailableUnavailableUnavailable

Source: Derivasys Research — structured data

07 · Risk reversals

RR25 skew moved most at 1W.

RR25 moved towards puts, averaging -1.50 volatility points to -3.95 volatility points across the three available headline tenors. Negative RR25 denotes a richer 25-delta put wing under the call-minus-put convention.

-6.3 vol pts-4.8 vol pts-3.3 vol pts-1.9 vol pts-0.4 vol pts1W2W1M
TenorCurrent (vol pts)Comparison snapshot (vol pts)Change (vol pts)
1W-5.72-4.01-1.71 vol pts
2W-3.91-2.39-1.52 vol pts
1M-2.23-0.96-1.27 vol pts
3MUnavailableUnavailableUnavailable
6MUnavailableUnavailableUnavailable
9MUnavailableUnavailableUnavailable
1YUnavailableUnavailableUnavailable

Source: Derivasys Research — structured data

08 · Butterflies

BF25 convexity by standard tenor.

BF25 decreased, averaging -0.13 volatility points to 1.61 volatility points across the three available headline tenors. BF25 measures the average 25-delta wing premium over ATM IV.

1.4 vol pts1.5 vol pts1.7 vol pts1.9 vol pts2.1 vol pts1W2W1M
TenorCurrent (vol pts)Comparison snapshot (vol pts)Change (vol pts)
1W1.561.62-0.06 vol pts
2W1.571.73-0.16 vol pts
1M1.701.86-0.16 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

3NOV26, +4.10 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.

54.5%56.9%59.3%61.6%64.0%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
3NOV26Expiry effect0.6 days92.62-2.14 USD56.43%-1.16 vol pts+2.44 vol pts-0.45 vol pts
6NOV263.6 days92.7-2.12 USD64.98%+0.77 vol pts-2.53 vol pts+0.41 vol pts
13NOV2610.6 days92.81-2.09 USD58.76%-3.48 vol pts-1.93 vol pts-0.28 vol pts
27NOV2624.6 days92.92-2.03 USD55.67%-2.78 vol pts-1.41 vol pts-0.06 vol pts
25DEC2652.6 days93.14-1.87 USD54.98%-1.35 vol pts-1.15 vol pts-0.38 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.

3NOV26rotation towards calls · wing steepening
-0.30k0.00k+0.30k
6NOV26rotation towards puts · wing steepening
-0.30k0.00k+0.30k
13NOV26rotation towards puts
-0.30k0.00k+0.30k
27NOV26rotation towards puts
-0.30k0.00k+0.30k
25DEC26parallel shift lower · rotation 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 0.74.

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: 2026-11-02 17:31:00 UTC. Native observations below retain their actual fit times.

Report comparison baseline → current snapshot
2026-11-01 17:31:00 UTC → 2026-11-02 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 · 2 Nov 2026, 17:31 UTC

The measurement behind the lead chart

SOL 2W ATM IV 57.46% · Δ -3.62 vol pts

SOL percentile rank 93.3% by absolute move · 30-day window (n=30); 1-day moves sampled daily UTC; 2026-10-02 to 2026-11-01

Original report summary

SOL 2W ATM IV is 57.46 percent, compared with 61.08 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 60.47% · Δ -2.63 vol pts

Skew: SOL 1W RR25 -5.72 vol pts · Δ -1.71 vol pts

Relative value: SOL 1W IV 60.47% / 7D RV 56.55% · spread +3.92 vol pts

Vol

SOL 1W ATM IV 60.47% · Δ -2.63 vol ptspercentile rank 66.7% by absolute move · 30-day window (n=30); 1-day moves sampled daily UTC; 2026-10-02 to 2026-11-01

Skew

SOL 1W RR25 -5.72 vol pts · Δ -1.71 vol ptspercentile rank 73.3% by absolute move · 30-day window (n=30); 1-day moves sampled daily UTC; 2026-10-02 to 2026-11-01

Wings

SOL 1W BF25 1.56 vol pts · Δ -0.06 vol ptspercentile rank 10.2% by absolute move · full history (n=59); 1-day moves sampled daily UTC; 2026-08-28 to 2026-11-01

IV versus RV

SOL 1W IV 60.47% / 7D RV 56.55% · spread +3.92 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 66.7% by absolute move · 30-day window (n=30); 1-day moves sampled daily UTC; 2026-10-02 to 2026-11-01

SOL 1W RR25: percentile rank 73.3% by absolute move · 30-day window (n=30); 1-day moves sampled daily UTC; 2026-10-02 to 2026-11-01

SOL 1W BF25: percentile rank 10.2% by absolute move · full history (n=59); 1-day moves sampled daily UTC; 2026-08-28 to 2026-11-01

Technical appendix: measurement and history provenance

Download the full canonical report and evidence receipts (JSON). Artifact SHA-256: d64fb2967c21988e599fd85485b61ba016248a58cdfce9bc70abc5c74b4e5794.

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 observations2026-10-02 → 2026-11-01
2026-10-02T17:31:00+00:00 → 2026-11-01T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:f2cdbbd6d5422bc8420ab77aece05ba7d3d1dc1815c88f53afad5607ed5a3656
SOL 1W atmIvmoveFullHistory59 samples; 1 days; daily UTC observations2026-08-28 → 2026-11-01
2026-08-28T17:31:00+00:00 → 2026-11-01T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:ba33f51349d290cee2aff97600f74a5dcd194fc249bab4455100204b5553b05c
SOL 1W atmIvlevelFullHistory63 samples; 0 days; daily UTC observations2026-08-28 → 2026-11-01
2026-08-28T17:31:00+00:00 → 2026-11-01T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:234e15813f975acd38579c5fcb2d4698afe5f67b7b48ea1c3d815a94fb006f6c
SOL 1W bf25move30d30 samples; 1 days; daily UTC observations2026-10-02 → 2026-11-01
2026-10-02T17:31:00+00:00 → 2026-11-01T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:74a79cb1b6ecf26a2d3224990d8f259ebbb8394acade91d000930c2f76bf291a
SOL 1W bf25moveFullHistory59 samples; 1 days; daily UTC observations2026-08-28 → 2026-11-01
2026-08-28T17:31:00+00:00 → 2026-11-01T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:7f00efc23221fc95456c2cb43efa93712b3fdb5be704a0ead7731af47ae5d48b
SOL 1W bf25levelFullHistory63 samples; 0 days; daily UTC observations2026-08-28 → 2026-11-01
2026-08-28T17:31:00+00:00 → 2026-11-01T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:9c3543ad217d0b537bcdf8a18771f02cc6a07cf9391b3403caf6e6c9742a1de8
SOL 1W rr25move30d30 samples; 1 days; daily UTC observations2026-10-02 → 2026-11-01
2026-10-02T17:31:00+00:00 → 2026-11-01T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:d290f80ab0db5749d3441bca464888816f2baa18bb7f92756a23eaaffe80fed0
SOL 1W rr25moveFullHistory59 samples; 1 days; daily UTC observations2026-08-28 → 2026-11-01
2026-08-28T17:31:00+00:00 → 2026-11-01T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:94d8c411eb5c2a4c8c99e0083ef8e1bd50df81d8fc26aa28d180822da4a6efa9
SOL 1W rr25levelFullHistory63 samples; 0 days; daily UTC observations2026-08-28 → 2026-11-01
2026-08-28T17:31:00+00:00 → 2026-11-01T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:b1b3ffbcb02a9b96f129c2b2c6ef016f61d6b73b78ab4deff77947437ac7be98
SOL 2W atmIvmove30d30 samples; 1 days; daily UTC observations2026-10-02 → 2026-11-01
2026-10-02T17:31:00+00:00 → 2026-11-01T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:cd5ab2b5bb1360a1179ee1cd9a77eee3e764886e5bdcbe065c6aad81ab1e406e
SOL 2W atmIvmoveFullHistory59 samples; 1 days; daily UTC observations2026-08-28 → 2026-11-01
2026-08-28T17:31:00+00:00 → 2026-11-01T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:dd7e14541db2791ca61bb89a9b1a0830c7e1dd6ebc2481d6a0b2029f1779fbd3
SOL 2W atmIvlevelFullHistory63 samples; 0 days; daily UTC observations2026-08-28 → 2026-11-01
2026-08-28T17:31:00+00:00 → 2026-11-01T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:c741232cda77cf31b413f50d7c62ab42869270576d28bed9060504adff31a743
SOL 2W bf25move30d30 samples; 1 days; daily UTC observations2026-10-02 → 2026-11-01
2026-10-02T17:31:00+00:00 → 2026-11-01T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:74188703cf7d55ac1154ea4997e3603f50806553945d5eac5ac75b22c175f97b
SOL 2W bf25moveFullHistory59 samples; 1 days; daily UTC observations2026-08-28 → 2026-11-01
2026-08-28T17:31:00+00:00 → 2026-11-01T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:39e153863b132f92039a3742d127c4331152c559676dd50a12f67fe84057b4b4
SOL 2W bf25levelFullHistory63 samples; 0 days; daily UTC observations2026-08-28 → 2026-11-01
2026-08-28T17:31:00+00:00 → 2026-11-01T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:7758bab1e95426c3460888fd0b276b20e24e5018505df89ee8e045f295b93789
SOL 2W rr25move30d30 samples; 1 days; daily UTC observations2026-10-02 → 2026-11-01
2026-10-02T17:31:00+00:00 → 2026-11-01T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:b586b5fdb400d4d0092d5c128f72ff924ce8e1d4b039ffe1e289687f6f1cd8f0
SOL 2W rr25moveFullHistory59 samples; 1 days; daily UTC observations2026-08-28 → 2026-11-01
2026-08-28T17:31:00+00:00 → 2026-11-01T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:87c6ac8d2bf9b82ae2d9b9a2a751004a0fb51b726cee65826566f8af0d31afbc
SOL 2W rr25levelFullHistory63 samples; 0 days; daily UTC observations2026-08-28 → 2026-11-01
2026-08-28T17:31:00+00:00 → 2026-11-01T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:74a27a67ceb228bf8661570e17810bd24ae14afc7eb7f8e5aa0b299478e4b5be
SOL 1M atmIvmove30d30 samples; 1 days; daily UTC observations2026-10-02 → 2026-11-01
2026-10-02T17:31:00+00:00 → 2026-11-01T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:7d01cf0cc32f6f04a34ea948b0fbe3db7692acf01dc395def979b1bdbaa2bdbc
SOL 1M atmIvmoveFullHistory59 samples; 1 days; daily UTC observations2026-08-28 → 2026-11-01
2026-08-28T17:31:00+00:00 → 2026-11-01T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:95fd09619ea990638d4ed8e6424e077dfb1001fe8d70cf8b5a5b015b5f42e6b0
SOL 1M atmIvlevelFullHistory63 samples; 0 days; daily UTC observations2026-08-28 → 2026-11-01
2026-08-28T17:31:00+00:00 → 2026-11-01T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:05690e646b2674305313d18f7b9a11428c3afb9f365de059b0d1ec3b7f0a7527
SOL 1M bf25move30d30 samples; 1 days; daily UTC observations2026-10-02 → 2026-11-01
2026-10-02T17:31:00+00:00 → 2026-11-01T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:b4e8203bce64ec1c221144a22056ce04a13335a0dcee6fc479ed60e58b8490fd
SOL 1M bf25moveFullHistory59 samples; 1 days; daily UTC observations2026-08-28 → 2026-11-01
2026-08-28T17:31:00+00:00 → 2026-11-01T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:a7f354cbb5ba5f0399b6619dbbc5e87acfec12bb950077ec5251ae60ae19a744
SOL 1M bf25levelFullHistory63 samples; 0 days; daily UTC observations2026-08-28 → 2026-11-01
2026-08-28T17:31:00+00:00 → 2026-11-01T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:ac974c35f197c212054bc4b72a556bcb5843915312cdad4442adb5101fd3605c
SOL 1M rr25move30d30 samples; 1 days; daily UTC observations2026-10-02 → 2026-11-01
2026-10-02T17:31:00+00:00 → 2026-11-01T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:c8c85401051d17d7a0f2737cc53b0f4391ace4bdf753c66bb21d8dd62b3a3429
SOL 1M rr25moveFullHistory59 samples; 1 days; daily UTC observations2026-08-28 → 2026-11-01
2026-08-28T17:31:00+00:00 → 2026-11-01T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:4e5d8b87a825f4a74d1a6e7ec6a514f9df1077d88287b8c75e196954737164c5
SOL 1M rr25levelFullHistory63 samples; 0 days; daily UTC observations2026-08-28 → 2026-11-01
2026-08-28T17:31:00+00:00 → 2026-11-01T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:54d2b729bdc3317bc97fcf87ff71488c92aea502d1b7475a5398d300f61c742a
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 6NOV26; the largest sigma change occurred at 25DEC26.

ExpiryΔ aΔ bΔ rhoΔ mΔ sigmaSmile classification
3NOV26+0.07530-0.07100+0.14040+0.12520-0.21040rotation towards calls, wing steepening
6NOV26+0.01590+0.00100+0.20540+0.11080-0.14270rotation towards puts, wing steepening
13NOV26+0.00170-0.00770+0.18060+0.12780+0.00300rotation towards puts
27NOV26+0.00960-0.01640+0.17170+0.11980-0.03970rotation towards puts
25DEC26-0.07190+0.02820+0.16080+0.10610+0.27300parallel shift lower, rotation 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 Gamma3NOV26, 0.187704 1 / USD
Highest Theta Decay3NOV26, -0.702394 USD / day
Highest Vanna25DEC26, 0.000753 delta / vol pt
Highest Vega25DEC26, 0.140295 USD / vol pt
Highest Volga25DEC26, -0.000028 USD / vol pt²

7D realised volatility · data quality

AssetRecorded RVStatusCoverage / requiredLongest gap / maximum
SOL56.55%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 02 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

13 · Methodology and provenance

Generated from measured Derivasys surface data.

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

Continue through Derivasys

From today’s report to the underlying methods.

Live dashboard All reports Daily metrics data Latest SOL daily Latest weekly API Volatility surface guide What is SVI? Risk reversals Butterflies Local volatility Variance swaps

Get reports by email

Request daily or weekly crypto options reports in your inbox.