CayøLargo
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Recipe

Volatility Surface

How steep is the BTC put skew and is it steepening?

/greeks/snapshot· pandas · ~3 min★ pro
Output PreviewGrouped bar: put skew vs call skew across DTE

Fetches real data from the Cayo Largo API

What You'll See

Measures the premium investors pay for downside protection vs upside exposure. Rising put skew = growing fear. Collapsing skew = complacency or bullish repositioning.

The Trading Edge

What most people do

Look at the 25-delta risk reversal on a charting site and try to guess if it's "high" or "low." No percentile context, no skew momentum, no decomposition into put wing vs call wing.

What this gives you

Put skew and call skew separated, with 24h change, 30-day percentile, and skew momentum classification. When put skew is in the 90th percentile and still steepening, the market is actively buying crash protection.

Go deeper

Pair with Tail Strike Radar to see if the deep OTM tails are pricing differently from the moderate OTM. Link to the VRP Scanner to assess whether the skew premium is justified.

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