Options & hedging.
What protection costs: implied volatility at every strike and expiry, and the skew.
Reading…
Power your idea with Panbiota → · Open the instrument · Intelligence, not advice.
What it answers.
- What does a month of protection on our share holdings cost today, and is that expensive against the past year?
- Is the stress in US options staying there, or is near-dated protection turning dearer in Hong Kong, Taiwan and crypto too?
- Which strikes hold the most open contracts into Friday's expiry, and are those positions being moved to later dates?
- Does protection on bitcoin cost the same on every exchange right now, or is one charging more?
- When near-dated protection turns dearer than later protection, does that extra cost really fade within a month?
- If long-dated yields jumped sharply, how much margin would our rate hedges call, and on which days?
Who uses it.
Options traders and volatility funds
Which options to buy and sell. Implied against realised swings, and where downside cover is unusually dear, while the session is open.
Crypto funds, miners and companies holding bitcoin
A miner fixing a floor price, or a company protecting its bitcoin. What that costs on each exchange, and when big positions expire.
Risk officers at banks and multi-asset funds
Cut risk everywhere or only where it broke? Near-dated cover turning dearer in US shares alone, or in Hong Kong, Taiwan and crypto too.
Pension fund and insurer risk teams
Sizing the margin-call buffer. How calls grow daily if long yields jump in the UK, euro area or US.
Corporate treasurers at airlines, exporters and importers
How much fuel, currency or rate exposure to hedge, and how. What option cover costs against its past year, and each structure on adverse paths.
What we model, test and run.
Stress spreading across markets
Near-dated US protection dearer than later, the volatility futures curve inverted, downside cover at a yearly extreme. The same signs in Hong Kong or crypto. What it has meant before, and what it likely means now.
One strike on two exchanges
One bitcoin or ether strike and expiry, priced at different implied volatility on two exchanges. Flagged when the gap beats fees, spreads, collateral funding, settlement differences and venue risk.
Near-dated premium fades
When near-dated US protection turns dearer than later: how often the extra cost fades within 20 trading days.
Past crises on today's hedges
Your options, swaps and futures, with collateral, through past crises such as a gilt-yield spike or a share crash. Out: payoffs, daily margin calls, cash needed, worst days.
Hedge execution engine
Rolls protection a set number of days before expiry, buys cover when it costs less than your limit, adjusts as markets move. Runs in your systems, on your rules.
What we build for you.
Live volatility surface
Implied volatility by strike and expiry for bitcoin, ether, US, Hong Kong and Taiwan shares. Crowded strikes marked.
Protection-cost board
US, Hong Kong and Taiwan shares, bitcoin and ether: a month's cover against its past year. Calm, alert or stressed, so you see which market turned first.
Expiry wall model
Open contracts strike by strike for each expiry, with where dealer hedging may add to a move or damp it. Expiries ranked by size.
Hedger positioning tracker
Weekly: who holds the hedges in oil, gold, grains, rates and currencies, each group against its own range. Flags weeks when producers and funds pull hard apart.
Hedge path and collateral simulator
Your hedge objective and structure, through stressed paths, a gilt-yield spike included. For each: payoff, daily margin, cash needed, worst day, objective held or not.
Delivered to you.
Morning hedging-pressure reading
Before London and New York open, Asian close included. What protection costs, how it moved overnight, crowded strikes into expiry, who is adding hedges.
Threshold alerts
Alerts on your measure at your level: skew at a yearly extreme, near-dated cover dearer, a big expiry within two days. Delivered in your team chat.
Hedge objective and stress pack
A written pack for a hedge held or weighed: objective, adverse-path payoff, margin, a stress-tested collateral plan, hedge-accounting notes. The structure choice stays with you and your advisers.
Streams for desks and licensed firms
Surfaces, boards and readings as a stream into your risk systems. Licensed firms can show them to clients; advice stays with them.
Reading…
Power your idea → · Open the instrument · Intelligence, not advice.
We build the intelligence.