XRP Options Skew Hits 9.3 Volatility Points, Still Below August Peak

XRP's options skew has rebounded to 9.3 volatility points, but remains more than a third below its August peak.

The reading, which measures the difference between call and put implied volatility, is currently in the 95th percentile, according to Coinbase Markets.

This means that call premiums are elevated without a new high in the period shown, and the gap between call and put implied volatility remains significant. In late August, the skew rose above 15 volatility points, but has since narrowed and rebounded to its current level.

The indicator compares call and put implied volatility at a standardized one-week maturity and a 25-delta reference point, and Glassnode calculates the spread by subtracting put implied volatility from call implied volatility and expressing the result directly in volatility points. A reading of 9.3 means that the selected calls carry implied volatility 9.3 percentage points above the selected puts.