Volatility
IV against RV, term structure, skew, butterflies, vol carry and surface fits.
SMILEVolatility SmileImplied vol against strike for each expiry. The shape shows what kind of move the market is paying to hedge.TSTerm StructureAt-the-money implied vol by days to expiry. The shape of the curve shows when the market expects trouble.SKEWVolatility SkewThe price gap between puts and calls across expiries: 25 delta and 10 delta skew plus the butterfly, with ATM IV for context.IVRVImplied vs Realized VolWhat options price for future volatility against what the market actually delivers. The gap is the volatility risk premium.
DVOLVolatility IndexA model-free volatility index built from the whole options surface, the same family of construction as the VIX, plus vol carry.
VRPVolatility Risk PremiumImplied vol minus realized vol, day by day, so you can see when options are rich or cheap against what price has actually done.
RISKREVRisk ReversalThe 25 delta risk reversal for every expiry: call IV minus put IV. It shows whether the market is paying up for upside or for protection, and at which tenor.
BFLYButterfly Term StructureThe 25 delta butterfly for every expiry: how much the wings cost over at-the-money. It measures how much tail risk the smile prices in.
COMPASSVol CompassEvery name with options on one map: IV rank up the page, skew rank across, each against its own history. A name in the top right is pricing more fear than it usually does.
EXPFCExposure ForecastThe current dealer regime (Pin, Grind, Volatile or Transition), how often that regime has held over the next 30 minutes to 2 hours, and the range of moves it has produced.
SCANMispricing ScannerLiquid out-of-the-money crypto options ranked by how far their IV sits from a smooth SVI fit of each expiry. A relative value screen, not free arbitrage.
SKEWHISTSkew HistoryThe 25 delta risk reversal over time at a fixed tenor, so you can read the market shifting into puts or calls as a trend rather than a snapshot.
SKEWMAPSkew HeatmapThe 25 delta risk reversal across the tenor ladder over time, as a heatmap. It shows whether fear sits in the front, the back or across the whole curve.
VCARRYVol CarryNear-dated ATM IV minus the next expiry's ATM IV, for each pair of expiries. It shows where the term structure is in backwardation and where it is in contango.
VOLFITSVI Volatility FitA raw SVI fit to the out-of-the-money smile of one expiry, so you can see which strikes sit rich or cheap against a smooth baseline.
BASISCalendar and BasisTerm structure and carry three ways: option premium across expiries, forward IV between expiries, and the annualized basis on dated futures.