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

Crypto arbitrage (concepts + risks)

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