Trend · Nov 10, 2026 00:05 UTC

options skew is underpricing basis compression

Historically, stretches where Ether leads without support from DEX volume invite sharper reversals.

Historically, stretches where token unlocks leads without support from drawdown recovery invite sharper reversals.

Put beside current chatter on “Formation Securities plans Solana stock trading venue under SEC exemption,” the incentive problem looks clearer.

Stay close to what users and balance sheets are actually doing.

Keeping a written thesis helps avoid narrative whiplash.

More insights