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Daily SOL options market report · 24-hour comparison

Solana options show lower 1w ATM IV

SOL spot rose 2.63%; Skew moved toward calls (+3.80 vol points); Wing premium decreased (-0.01 vol points).

By Sean Gordon — Derivasys Research

Published

Snapshot data and comparison

Snapshot · 4 Nov 2026, 17:31 UTC

Generated timestamp:

Scheduled edition reference: 2026-11-04 17:31:00 UTC. Native observations below retain their actual fit times.

Report comparison baseline → current snapshot
2026-11-03 17:31:00 UTC → 2026-11-04 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 +2.63%1W ATM IV 50.71%1W RR25 +2.31 vol pts1W BF25 +1.37 vol pts1W IV − 7D RV -12.41 vol pts

Notable move: SOL 1W ATM IV Δ -8.25 vol pts → 50.71% · percentile rank 93.4% by absolute move · 1-day moves · full history (n=61).

1W ATM IV – selected tenor
Percent

1W ATM IV – selected tenor. Percent. SOL: Current 50.71, Previous 58.96.CurrentPreviousSOL50.7158.960.0031.8463.68

Current: 4 Nov 2026, 17:31 UTC
Previous: 3 Nov 2026, 17:31 UTC

Solana options show lower 1w ATM IV. ATM implied-volatility term structure from Derivasys data.
Source: Derivasys options data. ATM implied-volatility; unsupported tenors remain blank. Cite this report.

View full-size chart

Plotted chart data
ATM IV, percent · 2026-11-04T17:31:00+00:00
TenorSOL currentSOL previous
1W50.7158.96
2W52.7856.91
1M53.4654.99
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 3 Nov, 17:31 UTC to 4 Nov, 17:31 UTC.

Previous publication · research context

2026-11-03: “Solana options show higher 1w RR25 skew”

Previous publication cutoff 3 Nov, 17:31 UTC. Today’s market comparison starts at 3 Nov, 17:31 UTC. Snapshot clocks align for the measured comparison below.

Previous publication JSON · SHA-256 90e1c5c7289fa31ffc537aaf9548065ef6309bc5ff16555d677eec7f045bf0e0

Prior watch: measured outcome

Against the 2026-11-03 daily edition.

  • SOL 1W ATM IV: prior change -1.51 → current change -8.25 volatility points; same direction.
  • SOL spot-index return: prior change +0.90 → current change +2.63 percent; same direction.
  • SOL 1W RR25: prior change +4.23 → current change +3.80 volatility points; same direction.
  • SOL 1W BF25: prior change -0.18 → current change -0.01 volatility points; same direction.
  • SOL 1W RR25 ≥ -1.49 volatility points (hold the observed endpoint) at 4 Nov, 17:31 UTC: met (observed 2.31 volatility points).
  • SOL 1W RR25 ≤ -5.72 volatility points (full retrace to the prior endpoint) at 4 Nov, 17:31 UTC: not met (observed 2.31 volatility points).

Next daily cutoff: measurable checks

  • Hold the observed level: SOL 1W ATM IV ≤ 50.71 percent at . Current level 50.71; threshold is the current observed endpoint.
  • Full retrace: SOL 1W ATM IV ≥ 58.96 percent at . Current level 50.71; 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 db70faa308cd5aea8cd1ee08d0ca1d3d9d7531488dc2d17aa3d09b65566c10b6

Prior artifact: /v1/sol/daily/2026-11-03/90e1c5c7289fa31ffc537aaf9548065ef6309bc5ff16555d677eec7f045bf0e0.json · SHA-256 90e1c5c7289fa31ffc537aaf9548065ef6309bc5ff16555d677eec7f045bf0e0

Consumed endpoint proof: de35b930b5ab40ba0c2e6c3bd87f6ba4a546f4f4ea85b36acfeef6c70801fe3d

  • SOL:atmIv:1W:observed-current-level: rows[asset=SOL].report.tenors[tenor=1W].atmIv.previous; rows[asset=SOL].report.tenors[tenor=1W].atmIv.current; rows[asset=SOL].report.tenors[tenor=1W].atmIv.change; evaluation window 2026-11-04T17:31:00+00:00 to 2026-11-05T17:31:00+00:00.
  • SOL:atmIv:1W:observed-previous-level: rows[asset=SOL].report.tenors[tenor=1W].atmIv.previous; rows[asset=SOL].report.tenors[tenor=1W].atmIv.current; rows[asset=SOL].report.tenors[tenor=1W].atmIv.change; evaluation window 2026-11-04T17:31:00+00:00 to 2026-11-05T17:31:00+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 lower 1W ATM IV

The 1W ATM IV change for SOL was -8.25 volatility points over the stored comparison. CoinDesk reported: “Global asset manager Schroders brings emerging market bond fund to Solana”. This is background reporting; a direct link to the options observation is not established.

CoinDesk reported: “Global asset manager Schroders brings emerging market bond fund to Solana”. 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 -8.25 volatility points, to 50.71%.

Derived directly from structured Derivasys surface data

03 · Catalyst check

03 Nov 2026, 17:31 UTC to 04 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 50.71%, 12.41 volatility points below seven-day realised volatility of 63.12%; 24-hour realised volatility was 74.63% and 30-day realised volatility was 56.65%.

Front end

Front-end ATM IV decreased, averaging -4.64 volatility points to 52.32% 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 +1.86 volatility points to 1.01 volatility points across the three available headline tenors.

Convexity

BF25 decreased, averaging -0.11 volatility points to 1.40 volatility points across the three available headline tenors.

Largest standard-tenor move

The largest standard-tenor ATM IV move was -8.25 volatility points at 1W, to 50.71%.

24h spot-index return

SOL spot-index return was +2.63% over 24 hours.

7d spot-index return

SOL spot-index return was -5.18% over seven days.

Universe roll: no additions; removed 4NOV26. Comparisons use common expiries only.

05 · Standard-tenor ranking

Largest surface events

01

Largest standard-tenor ATM IV move

1W, -8.25 vol pts
02

Largest eligible smile rotation

13NOV26, +6.20 vol pts
03

Largest standard-tenor RR25 move

1W, +3.80 vol pts
04

Largest standard-tenor BF25 move

2W, -0.17 vol pts
05

Largest eligible SVI sigma move

13NOV26, -0.1259 param
06

Largest eligible SVI rho move

25DEC26, -0.0672 param

06 · ATM volatility

Standard-tenor ATM implied volatility.

TenorCurrent (vol %)Comparison snapshot (vol %)Change (vol pts)Relative change
1W50.7158.96-8.25 vol pts-13.99%
2W52.7856.91-4.13 vol pts-7.26%
1M53.4654.99-1.53 vol pts-2.78%
3MUnavailableUnavailableUnavailableUnavailable
6MUnavailableUnavailableUnavailableUnavailable
9MUnavailableUnavailableUnavailableUnavailable
1YUnavailableUnavailableUnavailableUnavailable

Source: Derivasys Research — structured data

07 · Risk reversals

RR25 skew moved most at 1W.

RR25 moved towards calls, averaging +1.86 volatility points to 1.01 volatility points across the three available headline tenors. Negative RR25 denotes a richer 25-delta put wing under the call-minus-put convention.

-1.9 vol pts-0.8 vol pts0.4 vol pts1.6 vol pts2.8 vol pts1W2W1M
TenorCurrent (vol pts)Comparison snapshot (vol pts)Change (vol pts)
1W2.31-1.49+3.80 vol pts
2W0.63-0.35+0.98 vol pts
1M0.10-0.70+0.80 vol pts
3MUnavailableUnavailableUnavailable
6MUnavailableUnavailableUnavailable
9MUnavailableUnavailableUnavailable
1YUnavailableUnavailableUnavailable

Source: Derivasys Research — structured data

08 · Butterflies

BF25 convexity by standard tenor.

BF25 decreased, averaging -0.11 volatility points to 1.40 volatility points across the three available headline tenors. BF25 measures the average 25-delta wing premium over ATM IV.

1.1 vol pts1.3 vol pts1.5 vol pts1.7 vol pts1.9 vol pts1W2W1M
TenorCurrent (vol pts)Comparison snapshot (vol pts)Change (vol pts)
1W1.371.38-0.01 vol pts
2W1.331.50-0.17 vol pts
1M1.501.66-0.16 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.

1.6d

Smile rotation

6NOV26, +26.38 vol pts
0.6d

Smile rotation

5NOV26, +23.57 vol pts

10 · Volatility term structure

Today against the previous 24-hour snapshot.

Only fixed tenors bracketed by listed expiries at both snapshots are charted. The listed-expiry table preserves the observable exchange maturities underneath those interpolated points.

49.7%52.3%54.8%57.4%60.0%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
5NOV26Expiry effect0.6 days95.84+2.53 USD58.99%-5.88 vol pts+5.99 vol pts-0.67 vol pts
6NOV26Expiry effect1.6 days95.87+2.56 USD55.08%-7.67 vol pts+8.68 vol pts-0.31 vol pts
13NOV268.6 days95.99+2.57 USD50.46%-7.87 vol pts+2.88 vol pts+0.04 vol pts
27NOV2622.6 days96.09+2.59 USD54.14%-1.47 vol pts-0.14 vol pts-0.36 vol pts
25DEC2650.6 days96.28+2.55 USD52.60%-1.41 vol pts+2.17 vol pts+0.09 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.

5NOV26rotation towards calls · wing steepening
-0.30k0.00k+0.30k
6NOV26rotation towards calls · wing steepening
-0.30k0.00k+0.30k
13NOV26rotation towards calls · wing steepening
-0.30k0.00k+0.30k
27NOV26parallel shift lower
-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 2.6 times VIX, while its 30-session return correlation with SPX was mixed at 0.71.

Implied-volatility premium

SOL 30-day ATM IV was 54.08%, against VIX at 20.83: a 33.25-point spread and 2.60× ratio.

Daily-close realised-volatility regime

SOL reported crypto realised volatility was 46.71%, versus SPX reported realised volatility of 11.37%.

Equity co-movement

Return correlation with SPX was 0.709 over 30 aligned sessions and 0.501 over 60 sessions. VIX9D, VIX and VIX3M closed at 21.96, 20.83 and 21.27.

RV comparison basis unverified: this edition does not record the recognised provider methodology for both horizons and annualisation conventions. Any historical spread rank should not be interpreted as establishing matched-horizon comparability.

As of 03 Nov 2026, 21:00 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: 2026-11-04 17:31:00 UTC. Native observations below retain their actual fit times.

Report comparison baseline → current snapshot
2026-11-03 17:31:00 UTC → 2026-11-04 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 · 4 Nov 2026, 17:31 UTC

The measurement behind the lead chart

SOL 1W ATM IV 50.71% · Δ -8.25 vol pts

SOL percentile rank 93.4% by absolute move · full history (n=61); 1-day moves sampled daily UTC; 2026-08-28 to 2026-11-03

Original report summary

SOL 1W ATM IV is 50.71 percent, compared with 58.96 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 50.71% · Δ -8.25 vol pts

Skew: SOL 1W RR25 2.31 vol pts · Δ +3.80 vol pts

Relative value: SOL 1W IV 50.71% / 7D RV 63.12% · spread -12.41 vol pts

Vol

SOL 1W ATM IV 50.71% · Δ -8.25 vol ptspercentile rank 93.4% by absolute move · full history (n=61); 1-day moves sampled daily UTC; 2026-08-28 to 2026-11-03

Skew

SOL 1W RR25 2.31 vol pts · Δ +3.80 vol ptspercentile rank 90.0% by absolute move · 30-day window (n=30); 1-day moves sampled daily UTC; 2026-10-04 to 2026-11-03

Wings

SOL 1W BF25 1.37 vol pts · Δ -0.01 vol ptspercentile rank 0.0% by absolute move · full history (n=61); 1-day moves sampled daily UTC; 2026-08-28 to 2026-11-03

IV versus RV

SOL 1W IV 50.71% / 7D RV 63.12% · spread -12.41 vol pts

Δ compares the report’s stored surface endpoints. IV versus RV is a level comparison, not a daily change.

Historical move evidence

SOL 1W ATM IV: percentile rank 93.4% by absolute move · full history (n=61); 1-day moves sampled daily UTC; 2026-08-28 to 2026-11-03

SOL 1W RR25: percentile rank 90.0% by absolute move · 30-day window (n=30); 1-day moves sampled daily UTC; 2026-10-04 to 2026-11-03

SOL 1W BF25: percentile rank 0.0% by absolute move · full history (n=61); 1-day moves sampled daily UTC; 2026-08-28 to 2026-11-03

Technical appendix: measurement and history provenance

Download the full canonical report and evidence receipts (JSON). Artifact SHA-256: db70faa308cd5aea8cd1ee08d0ca1d3d9d7531488dc2d17aa3d09b65566c10b6.

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 observations2026-10-04 → 2026-11-03
2026-10-04T17:31:00+00:00 → 2026-11-03T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:2f37522a9c1fdbf0bfe5f25e87be3c10a0054755fffd4d2b600dfee24a471db9
SOL 1W atmIvmoveFullHistory61 samples; 1 days; daily UTC observations2026-08-28 → 2026-11-03
2026-08-28T17:31:00+00:00 → 2026-11-03T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:11051ac747d3d3c2295332d25cfb38cffb02beeed78a0cb8af7250383220cbfa
SOL 1W atmIvlevelFullHistory65 samples; 0 days; daily UTC observations2026-08-28 → 2026-11-03
2026-08-28T17:31:00+00:00 → 2026-11-03T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:8f8e86ada49d606975d95c33b17022c5315ffbc3a36d410872de58b009e65a7a
SOL 1W bf25move30d30 samples; 1 days; daily UTC observations2026-10-04 → 2026-11-03
2026-10-04T17:31:00+00:00 → 2026-11-03T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:4a998b100d92304e2cf06871e8b6406cbb005857188823d64a1f191e23584ee2
SOL 1W bf25moveFullHistory61 samples; 1 days; daily UTC observations2026-08-28 → 2026-11-03
2026-08-28T17:31:00+00:00 → 2026-11-03T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:e042d56f8c34ad480a63fddffbd3faf0a9b2387ab2641443020ca1545fc36024
SOL 1W bf25levelFullHistory65 samples; 0 days; daily UTC observations2026-08-28 → 2026-11-03
2026-08-28T17:31:00+00:00 → 2026-11-03T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:38554fdec0a1865dc8e5943d569f08d56ffcd0a62699e44569cd45a157496502
SOL 1W rr25move30d30 samples; 1 days; daily UTC observations2026-10-04 → 2026-11-03
2026-10-04T17:31:00+00:00 → 2026-11-03T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:3c7ed072dd71618b7e7c848ebe37b00c52d1208fe9d531dd21cd15fda2dbc3cd
SOL 1W rr25moveFullHistory61 samples; 1 days; daily UTC observations2026-08-28 → 2026-11-03
2026-08-28T17:31:00+00:00 → 2026-11-03T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:00039e633d2627e562f3d0aa0a90451920433f3695b88b09c6284f85b4d51ae1
SOL 1W rr25levelFullHistory65 samples; 0 days; daily UTC observations2026-08-28 → 2026-11-03
2026-08-28T17:31:00+00:00 → 2026-11-03T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:0b373501009d14766c89dd314d84f7895b96b4c2e8213159904c4bc6bfe515ac
SOL 2W atmIvmove30d30 samples; 1 days; daily UTC observations2026-10-04 → 2026-11-03
2026-10-04T17:31:00+00:00 → 2026-11-03T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:da6efdac29473ffb8a9c000b9605b98e7ab5c4ab9945c7e4ed3553cb518718bd
SOL 2W atmIvmoveFullHistory61 samples; 1 days; daily UTC observations2026-08-28 → 2026-11-03
2026-08-28T17:31:00+00:00 → 2026-11-03T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:d2e94ec52ba8b34297456a77c7064ee681c9dd5cd5afe4cd2d43f0734dcbf0a8
SOL 2W atmIvlevelFullHistory65 samples; 0 days; daily UTC observations2026-08-28 → 2026-11-03
2026-08-28T17:31:00+00:00 → 2026-11-03T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:f3f216f4aa9ba7d6ad9a23293eb867063589c7e2af8864b7a342e836f6f1d205
SOL 2W bf25move30d30 samples; 1 days; daily UTC observations2026-10-04 → 2026-11-03
2026-10-04T17:31:00+00:00 → 2026-11-03T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:ac08c8739f0016a70d1dd60ca6dbddf3d58f82780e5518a59a488188d652e996
SOL 2W bf25moveFullHistory61 samples; 1 days; daily UTC observations2026-08-28 → 2026-11-03
2026-08-28T17:31:00+00:00 → 2026-11-03T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:17b2b6efb8e2155288151fb95f7687d57f93102528685fe25cc2712a5d2b4b9b
SOL 2W bf25levelFullHistory65 samples; 0 days; daily UTC observations2026-08-28 → 2026-11-03
2026-08-28T17:31:00+00:00 → 2026-11-03T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:6870630f5785f9df54f2bbd50c46a377366aa99c56362d097c36b6f15aaebf07
SOL 2W rr25move30d30 samples; 1 days; daily UTC observations2026-10-04 → 2026-11-03
2026-10-04T17:31:00+00:00 → 2026-11-03T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:689209f81f5c3afb6dede848dd3a0b0f3dbe7c2b5618a80d0d31b4448dfa064b
SOL 2W rr25moveFullHistory61 samples; 1 days; daily UTC observations2026-08-28 → 2026-11-03
2026-08-28T17:31:00+00:00 → 2026-11-03T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:3fd8f61d6cc1ff2d696c960f2109dc8e10c5e246008e837b5d3d4994683f6192
SOL 2W rr25levelFullHistory65 samples; 0 days; daily UTC observations2026-08-28 → 2026-11-03
2026-08-28T17:31:00+00:00 → 2026-11-03T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:a81827cc9e0b87de84be79c3c25d07ba7774f3e557d58c3f78863910d9209073
SOL 1M atmIvmove30d30 samples; 1 days; daily UTC observations2026-10-04 → 2026-11-03
2026-10-04T17:31:00+00:00 → 2026-11-03T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:8fe3a417ab346a8ee444474a89e434d34c0161753f7fe756e71c73019855cc15
SOL 1M atmIvmoveFullHistory61 samples; 1 days; daily UTC observations2026-08-28 → 2026-11-03
2026-08-28T17:31:00+00:00 → 2026-11-03T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:810d8d8eb653237f4e71d5b3b0f0e979bfe996e2a739a971097231f453e4176b
SOL 1M atmIvlevelFullHistory65 samples; 0 days; daily UTC observations2026-08-28 → 2026-11-03
2026-08-28T17:31:00+00:00 → 2026-11-03T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:530b1e9631d9d76033ff17ee08e4ad93871f4ec49e04b785bdf06182c735a6d6
SOL 1M bf25move30d30 samples; 1 days; daily UTC observations2026-10-04 → 2026-11-03
2026-10-04T17:31:00+00:00 → 2026-11-03T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:ddc67ff9ddb808b075e465593a87dd51c2e9532ea9f7e64fe319b8862f6ae3fa
SOL 1M bf25moveFullHistory61 samples; 1 days; daily UTC observations2026-08-28 → 2026-11-03
2026-08-28T17:31:00+00:00 → 2026-11-03T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:bbda05cbcce562a70df34c9411c0058c33a9c35cf9467aa5ef807bb37d1afe3f
SOL 1M bf25levelFullHistory65 samples; 0 days; daily UTC observations2026-08-28 → 2026-11-03
2026-08-28T17:31:00+00:00 → 2026-11-03T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:2cdb5544df8eb23ade9e13d171158660ca5b0e2123ad9b2417394879b2885614
SOL 1M rr25move30d30 samples; 1 days; daily UTC observations2026-10-04 → 2026-11-03
2026-10-04T17:31:00+00:00 → 2026-11-03T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:da26482217ac3d0e5cf60d4f4848cd6ed52303dd0330acec506a09f1d2656ce7
SOL 1M rr25moveFullHistory61 samples; 1 days; daily UTC observations2026-08-28 → 2026-11-03
2026-08-28T17:31:00+00:00 → 2026-11-03T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:c4b0287b590f669556ab5a5fa7f082108f8eb5bce95069f693a3ee053fec3e58
SOL 1M rr25levelFullHistory65 samples; 0 days; daily UTC observations2026-08-28 → 2026-11-03
2026-08-28T17:31:00+00:00 → 2026-11-03T17:31:00+00:00		No period overlap in this cohort; source revision unknown; sha256:8d37cc270d0a06b19b276e2744e957d9cbdc9fe5d9658031f5564e6ed2fde33c
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 13NOV26.

ExpiryΔ aΔ bΔ rhoΔ mΔ sigmaSmile classification
5NOV26+0.07990-0.08180+0.01940-0.02270-0.23550rotation towards calls, wing steepening
6NOV26+0.01090-0.01130+0.03220-0.02610-0.03750rotation towards calls, wing steepening
13NOV26+0.01720-0.00360-0.02430-0.04080-0.12590rotation towards calls, wing steepening
27NOV26-0.00580-0.01250+0.03460+0.01810+0.08010parallel shift lower
25DEC26+0.00410-0.00090-0.06720-0.08780-0.03680rotation 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 Gamma5NOV26, 0.173528 1 / USD
Highest Theta Decay5NOV26, -0.759796 USD / day
Highest Vanna25DEC26, 0.000739 delta / vol pt
Highest Vega25DEC26, 0.142334 USD / vol pt
Highest Volga25DEC26, -0.000026 USD / vol pt²

7D realised volatility · data quality

AssetRecorded RVStatusCoverage / requiredLongest gap / maximum
SOL63.12%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.

7D return concentration and RV sensitivity

Diagnostic based on observed one-minute returns. Removing the largest squared returns illustrates sensitivity; it does not establish price validity or compare independent venues. Coverage limitations above still apply.

AssetReturnsTop 1 / 5 / 10 share of squared returnsRV excluding top 1 / 5 / 10
SOL100803.53% / 8.56% / 11.44%61.99% / 60.37% / 59.43%

SOL largest log return: +1.6431% at 04 Nov 2026, 15:04:00 UTC; previous bar sol_usdc / deribit (non-fallback); current bar sol_usdc / deribit (non-fallback).

RV coverage and methodology

SOL · Available · Surface cutoff 04 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
04 Nov 2026, 17:31 UTC
Comparison snapshot
03 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.

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