crypto-market-structures
Installation
SKILL.md
Crypto market structures (educational)
Not investment, tax, or legal advice. Verify products in prospectuses and local rules.
Max pain (options, descriptive)
Max pain (retail framing): spot level where open-interest weighting maximizes option holders’ collective losses (many contracts OTM). Computed from OI by strike for an expiry.
Interpretation: structural description, not a price oracle. Competes with macro, liquidations, news. Use with IV, skew, funding.
Covered-call / “premium income” ETFs (conceptual)
Some funds hold spot crypto exposure via ETPs and write calls for premium:
- Income mainly from options premium
- Often caps upside in strong rallies
- Not the same as spot-only exposure—read prospectus