Cryp2Nova

Comparison Options BTC Dvol Index Variance Premium

Bitcoin

The gap between implied and subsequently realised variance for BTC.

Why it matters

It is the insurance margin: what option buyers systematically overpay, and sellers collect.

How it is built

DVOL-implied variance minus realised variance over the matching window.

What to watch

A persistently positive premium funds every systematic volatility-selling strategy; its inversions — realised exceeding implied — are the moments those strategies blow up.

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