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Interpretation of how to participate in the 49th phase of Binance’s new coin mining project (ETHFI), there is a red envelope at the end of the article
This article will explain in detail key information such as airdrop collection methods, project research analysis, project price prediction, etc. This article will help you understand how to participate in this new project. #ETHFI
1. Airdrop channels:
1. Binance officially announced that the project http://ether.fi will be launched on March 18.#FDUSDTParticipate in#binancelaunchpoolmining and obtain (tips: dual income from financial management and mining)
⭐Invitation code registration: 148766089
⭐Exclusive link: 币安KOL注册链接
2. Project research report:
1- What do you do?
ETHFI: A non-custodial liquidity re-hypothecation protocol
1. Airdrop channels:
1. Binance officially announced that the project http://ether.fi will be launched on March 18.#FDUSDTParticipate in#binancelaunchpoolmining and obtain (tips: dual income from financial management and mining)
⭐Invitation code registration: 148766089
⭐Exclusive link: 币安KOL注册链接
2. Project research report:
1- What do you do?
ETHFI: A non-custodial liquidity re-hypothecation protocol
See original
PINNED
The "Sober Chat Options" planet has been operating for 125 days. What have I done?
First of all, I would like to thank these more than 130 friends for their support so that this knowledge planet can continue to operate.
1. What was my original intention that led me to open Knowledge Planet?
The original intention of starting Planet was that I found that I had written free articles before, but there was no response or interaction in my tweets or in my circle of friends. At the same time, there are some opportunities or strategies that do not have such large capital capacity and dare not publicly call for orders on Twitter. So I opened a planet and told everyone about it quietly. This TLT directly allowed everyone to trade the risk reversal strategy (see the picture below, bullish, the bottom area is obvious)
I made 10 times the profit in about one month.
At that time, I really felt that my investment knowledge was monetized, and products with high certainty like U.S. bonds had a guaranteed bottom line. With this kind of profit-loss ratio opportunity, "it is really fun to lead everyone to make money."
The initial planet price was 299, and the first batch of friends who came in all earned at least 30 years of planet fees.
Later, I felt that the platform of Planet was quite interesting. There were many things that were difficult to say on a public platform, or if you said that no one would respond to you, it was really good. What I said was rich in knowledge, and it was a platform that was even better than Binance Square or Twitter. Rich platform.
In these 125 days, Planet has many more valuable things than Twitter and WeChat group chats, with a total of 203 articles.
Covers: Mosaic, macro, US stocks + US bonds, big A, in-depth articles.
The price has also increased from 299 at the beginning to 699 now.
2. What have I done in these four months?
As shown in the picture above, these 203 articles cover 3 major markets. Tiezi who posted the article knows that the main content I share on Twitter is encryption. In fact, my big A and US stocks are not idle at all. You can read my article The distribution is known.
Initially, it was more about sharing crypto opportunities to cater to fellow stars on the planet, but in fact, considering that I am a big A person who transferred from traditional finance and U.S. stocks, I am actually better at many targets. Since everyone comes to the capital market, they all make money, and big Most players also have decentralized configurations, so good wealth passwords should be shared with players who recognize them, so I will try my best to share as much as I can.
Several specific typical operating opportunities
①When I started doing Planet in October, it happened to be the Yazhan Options Trading Competition.
Conducted 3 live broadcasts (and recordings at the same time) for novice options players, telling them how to become proficient in basic options operations in a short period of time; at the same time, the team won the second place in the deribit option competition team.
Everyone probably got 300-500 US dollars.
② From October to December, we took everyone to seize the opportunity of 20-year U.S. bonds.
I repeatedly remind everyone to get on the spot in the range of 83-87 US dollars, and use the risk reversal strategy to earn call-side profits with small profits and big profits. In this wave, even if it is now US$93, the spot income is 12% (and there are dividends every month); the option income is 8-10 times.
③ Perform long gamma operations on Bingtangcheng and Auntai.
I have been prompted several times about long rock sugar orange gamma’s bull market spread opportunities, and the profit-loss ratio is always 10 to 1;
In addition, before the Spring Festival, I would like to remind everyone to study the fundamentals of Auntai. The effect of this round of supplementary increase will be very strong, and three strategies are suggested.
Put spread, risk reversal, and diagnal spread are all bullish strategies.
④ Prompts some risks
Pitfall avoidance guide, respectively prompting DMA sharing and quantifying private equity fund risks
⑤ Long A-share CSI 300 call on February 2
It was more than 2,600 points at that time. When the A-share market was at its most desperate, it prompted us to start a long call.
3. What will I do next?
I will talk to you in depth about my old profession. The asset allocation series is an important series this year. In investment, many people are entangled in tactical aspects, such as macro analysis, industry research, individual stock selection, and specific strategies. Factor dismantling. It requires not only macro-level strategic timing, but also micro-level breakdown of each manager's specific strategies as if they are crystal clear, and doing a bunch of things with a low winning rate.
However, it is very lazy strategically, and has not even established an asset allocation framework with a high winning rate.
Therefore, we hope to use more than 5-10 articles to help everyone clearly build an asset allocation framework.
At least the strategy should be clear first so that no one makes big mistakes. At present, the update is basically completed, and we will continue to check for leaks and fill in the gaps in the future. We will also slowly lead everyone to continue to build their own framework in actual combat.
4. Option practice
I will further carry out various online and offline teachings so that everyone can better understand option strategies in a practical way.
Options private training class is a practical product line developed by me.
5. Why do prices continue to rise?
Why continue to increase prices?
If a good investment strategy has limited capacity, the manager must give priority to the best investors. The best investors are the old friends who gave you help when you were broke in the early days of your business.
When you join the planet, we will find ways to get you value that far exceeds the planet fee. Our energy is limited and we don’t want too many people to join. We only want to provide value to those who recognize us the most.
The old guys who joined Planet in the early days of its establishment, when there was no content, are the ones who support us the most and trust us. We must give them more preferential treatment.
The current fee is 699 yuan per year. How can we get more than 100,000 yuan or even more than one million in value? After thinking about it, we decided to remove the above content and add the following rights to Planet viewers:
Write at the end:
Friends who are waiting for planet discounts, don’t wait. Our principle is that we cannot let new members have lower prices than any old members. (If I have the marketing energy, I might as well write research reports. I’m not good at operations and fan building)
It is now 699 yuan, and it was 299 yuan at the earliest; there is a high probability that the price will still increase in the future, and this increase is much higher than that of other major types of assets.
It is recommended that players with relatively large investable assets join before joining, as they hope to provide value that far exceeds the planet fee.
Our planet is an investment, not a consumption.
#BTC
First of all, I would like to thank these more than 130 friends for their support so that this knowledge planet can continue to operate.
1. What was my original intention that led me to open Knowledge Planet?
The original intention of starting Planet was that I found that I had written free articles before, but there was no response or interaction in my tweets or in my circle of friends. At the same time, there are some opportunities or strategies that do not have such large capital capacity and dare not publicly call for orders on Twitter. So I opened a planet and told everyone about it quietly. This TLT directly allowed everyone to trade the risk reversal strategy (see the picture below, bullish, the bottom area is obvious)
I made 10 times the profit in about one month.
At that time, I really felt that my investment knowledge was monetized, and products with high certainty like U.S. bonds had a guaranteed bottom line. With this kind of profit-loss ratio opportunity, "it is really fun to lead everyone to make money."
The initial planet price was 299, and the first batch of friends who came in all earned at least 30 years of planet fees.
Later, I felt that the platform of Planet was quite interesting. There were many things that were difficult to say on a public platform, or if you said that no one would respond to you, it was really good. What I said was rich in knowledge, and it was a platform that was even better than Binance Square or Twitter. Rich platform.
In these 125 days, Planet has many more valuable things than Twitter and WeChat group chats, with a total of 203 articles.
Covers: Mosaic, macro, US stocks + US bonds, big A, in-depth articles.
The price has also increased from 299 at the beginning to 699 now.
2. What have I done in these four months?
As shown in the picture above, these 203 articles cover 3 major markets. Tiezi who posted the article knows that the main content I share on Twitter is encryption. In fact, my big A and US stocks are not idle at all. You can read my article The distribution is known.
Initially, it was more about sharing crypto opportunities to cater to fellow stars on the planet, but in fact, considering that I am a big A person who transferred from traditional finance and U.S. stocks, I am actually better at many targets. Since everyone comes to the capital market, they all make money, and big Most players also have decentralized configurations, so good wealth passwords should be shared with players who recognize them, so I will try my best to share as much as I can.
Several specific typical operating opportunities
①When I started doing Planet in October, it happened to be the Yazhan Options Trading Competition.
Conducted 3 live broadcasts (and recordings at the same time) for novice options players, telling them how to become proficient in basic options operations in a short period of time; at the same time, the team won the second place in the deribit option competition team.
Everyone probably got 300-500 US dollars.
② From October to December, we took everyone to seize the opportunity of 20-year U.S. bonds.
I repeatedly remind everyone to get on the spot in the range of 83-87 US dollars, and use the risk reversal strategy to earn call-side profits with small profits and big profits. In this wave, even if it is now US$93, the spot income is 12% (and there are dividends every month); the option income is 8-10 times.
③ Perform long gamma operations on Bingtangcheng and Auntai.
I have been prompted several times about long rock sugar orange gamma’s bull market spread opportunities, and the profit-loss ratio is always 10 to 1;
In addition, before the Spring Festival, I would like to remind everyone to study the fundamentals of Auntai. The effect of this round of supplementary increase will be very strong, and three strategies are suggested.
Put spread, risk reversal, and diagnal spread are all bullish strategies.
④ Prompts some risks
Pitfall avoidance guide, respectively prompting DMA sharing and quantifying private equity fund risks
⑤ Long A-share CSI 300 call on February 2
It was more than 2,600 points at that time. When the A-share market was at its most desperate, it prompted us to start a long call.
3. What will I do next?
I will talk to you in depth about my old profession. The asset allocation series is an important series this year. In investment, many people are entangled in tactical aspects, such as macro analysis, industry research, individual stock selection, and specific strategies. Factor dismantling. It requires not only macro-level strategic timing, but also micro-level breakdown of each manager's specific strategies as if they are crystal clear, and doing a bunch of things with a low winning rate.
However, it is very lazy strategically, and has not even established an asset allocation framework with a high winning rate.
Therefore, we hope to use more than 5-10 articles to help everyone clearly build an asset allocation framework.
At least the strategy should be clear first so that no one makes big mistakes. At present, the update is basically completed, and we will continue to check for leaks and fill in the gaps in the future. We will also slowly lead everyone to continue to build their own framework in actual combat.
4. Option practice
I will further carry out various online and offline teachings so that everyone can better understand option strategies in a practical way.
Options private training class is a practical product line developed by me.
5. Why do prices continue to rise?
Why continue to increase prices?
If a good investment strategy has limited capacity, the manager must give priority to the best investors. The best investors are the old friends who gave you help when you were broke in the early days of your business.
When you join the planet, we will find ways to get you value that far exceeds the planet fee. Our energy is limited and we don’t want too many people to join. We only want to provide value to those who recognize us the most.
The old guys who joined Planet in the early days of its establishment, when there was no content, are the ones who support us the most and trust us. We must give them more preferential treatment.
The current fee is 699 yuan per year. How can we get more than 100,000 yuan or even more than one million in value? After thinking about it, we decided to remove the above content and add the following rights to Planet viewers:
Write at the end:
Friends who are waiting for planet discounts, don’t wait. Our principle is that we cannot let new members have lower prices than any old members. (If I have the marketing energy, I might as well write research reports. I’m not good at operations and fan building)
It is now 699 yuan, and it was 299 yuan at the earliest; there is a high probability that the price will still increase in the future, and this increase is much higher than that of other major types of assets.
It is recommended that players with relatively large investable assets join before joining, as they hope to provide value that far exceeds the planet fee.
Our planet is an investment, not a consumption.
#BTC
See original
April 7 Crypto Option Volatility Research Report
The rebound rhythm is faster than expected, and the implied volatility of the options market has not yet exploded
I. Core Views:
1-The recent directional views are the same as the previous tweets, unchanged
2-This week is a key week for halving, and the implied volatility of the options market is still restrained. Combined with other major events such as halving, April is very critical, and it is time to choose the general direction
3-The window period for the layout of the Shanzhai layout to do more volatility strategy
II. Spot
BTC and ETH As expected, the spot price rebounded, and I also gave a reminder in the private tutoring group the day before yesterday.
Sol has two negative events in the short term, and the price has fallen slightly. There is no need to pay special attention to short-term price changes. I will not make similar proportional spreads or inverse proportional spreads to bet on short-term declines for profit.
Our option strategies are all repeatable in the long term.
3. Implied volatility
During the general direction selection period, try to short volatility on the early call side as little as possible.
4. Macro
U.S. stocks:
The U.S. non-farm data on April 5 is generally negative for the market, that is, the number of unemployed people is lower than expected. Look at the dot plot, but the probability of interest rate cuts has been postponed, which is also clearly seen from the TMF reaction.
In addition, in addition to the high-certainty target of U.S. bonds in the U.S. stock market recently, we have also dug up a high-certainty target of 3-5 times in the next two years.
The rebound rhythm is faster than expected, and the implied volatility of the options market has not yet exploded
I. Core Views:
1-The recent directional views are the same as the previous tweets, unchanged
2-This week is a key week for halving, and the implied volatility of the options market is still restrained. Combined with other major events such as halving, April is very critical, and it is time to choose the general direction
3-The window period for the layout of the Shanzhai layout to do more volatility strategy
II. Spot
BTC and ETH As expected, the spot price rebounded, and I also gave a reminder in the private tutoring group the day before yesterday.
Sol has two negative events in the short term, and the price has fallen slightly. There is no need to pay special attention to short-term price changes. I will not make similar proportional spreads or inverse proportional spreads to bet on short-term declines for profit.
Our option strategies are all repeatable in the long term.
3. Implied volatility
During the general direction selection period, try to short volatility on the early call side as little as possible.
4. Macro
U.S. stocks:
The U.S. non-farm data on April 5 is generally negative for the market, that is, the number of unemployed people is lower than expected. Look at the dot plot, but the probability of interest rate cuts has been postponed, which is also clearly seen from the TMF reaction.
In addition, in addition to the high-certainty target of U.S. bonds in the U.S. stock market recently, we have also dug up a high-certainty target of 3-5 times in the next two years.
See original
April 6 Crypto Option Volatility Research Report
Patience in layout, waiting for the next round of explosion
It's the weekend, the options market is relatively calm. I wrote a small essay today, and talked in depth about the on-chain option Dex, which is rarely talked about in the Chinese circle. I will modify it and it is expected to be released later today or tomorrow.
Pre-layout the airdrop strategy, and see if it will be a great blessing to be a catfish in this industry after Coincall
Core views on the market:
1-The view remains unchanged, and it is not believed that BTC will have a large correction of more than 10% in the short term
2-BTC option strategy maintains + Delta exposure
3-The volatility of cottage options has decreased, and the short-term short volatility strategy will continue to reduce the equivalent, and the fixed investment layout will be long volatility strategy
If you want to learn more about options, welcome to "Sober Chat Options Planet"
Patience in layout, waiting for the next round of explosion
It's the weekend, the options market is relatively calm. I wrote a small essay today, and talked in depth about the on-chain option Dex, which is rarely talked about in the Chinese circle. I will modify it and it is expected to be released later today or tomorrow.
Pre-layout the airdrop strategy, and see if it will be a great blessing to be a catfish in this industry after Coincall
Core views on the market:
1-The view remains unchanged, and it is not believed that BTC will have a large correction of more than 10% in the short term
2-BTC option strategy maintains + Delta exposure
3-The volatility of cottage options has decreased, and the short-term short volatility strategy will continue to reduce the equivalent, and the fixed investment layout will be long volatility strategy
If you want to learn more about options, welcome to "Sober Chat Options Planet"
See original
What is the origin of the crypto option Cex Coincall pair? What capabilities does the platform token $CALL have?
Note: This article contains useful information and is quite long. It is recommended to save it first.
1. What is Coincall?
Those who are familiar with me should know that during the second options academy organized by Signalplus and Coincall, I taught two basic options courses at Coincall. It was at this time that I first came into contact with and used this Crypto The challenger of options is also a real catfish in the market. Why do you say that?
I have laid out a few pain points that Coincall solves for everyone to take a look at. Is it cowhide?
① The most comprehensive altcoin options exchange on the market
This should be very objective. You must know that our players who have played crypto options in the past few years have only BTC and ETH to play. I don’t even look at the fundamentals of altcoins. Coincall currently has Sol, doge, xrp, kas, ltc, matic, link, trx, fil, and bch.
However, frankly speaking, whether it is the current bull market or the several crypto bull markets in history, high-quality altcoins are the most explosive. If we reasonably allocate assets to altcoin spot or option positions, then the odds can be maximized.
In this way, our overall investment portfolio will be very comfortable in terms of investment comfort, and the overall basket of targets will also rise in rotation.
Presentation: After one side sings, the other side appears, just like the BCH blowout after the recent#DogeKas.
I made a 1367% profit on Doge before.
② What is the biggest pain point in options trading solved at present?
Options trading has always been a very niche field in crypto. In addition to the slightly higher threshold for learning options, one of the most important reasons is that options have low option liquidity at individual points due to factors such as exercise price and expiration time. not good.
The emergence of Coincall is indeed groundbreaking. BTC's low spread option bid 1 and ask 1 can reach a spread of 1-5 US dollars. Can you imagine it?
How much market maker resources have been invested to achieve the price difference of such a mechanism is full of sincerity.
Not only is the price difference low, we can also look at the depth. The depth of around 50 BTC can basically meet the needs of medium-sized and ordinary large traders. If you want to trade more than 100 BTC, then directly trade in bulk.
③ Don’t rush to expand the market, don’t rush to spend money on advertising, start with education
Old investors know the market rhythm of cryptocurrencies. How many project parties are getting anxious now? How many early chicken soup bloggers have started to set up paid groups and rebates?
As for coincall, including when we first cooperated with our 4ce labs, our friends were also very shocked. It was the first time they heard that there was no KPI account opening assessment for cooperation with exchanges, but they just wanted us to output some popular science articles.
Can you stand this situation? Just ask
④ What are the shortcomings of Coincall?
Coincall came to the world of crypto options with solutions, but she is not perfect. In the future, there are still a few problems. If they can be solved as soon as possible, it will be another step forward. I have more reason to believe that she will play a more important role in this market.
1- Get margin PM trading done as soon as possible
2- How to improve the stability of the exchange (VPN, etc.)
3- Disclose more fundraising information with the release of tokens, etc.
2. How is the Call token and how much is it worth?
① What is the token economy?
The total issuance volume is only 300 million. Compared with other Cex, the issuance volume is very restrained. Detailed players can make a comparison. Then, combined with the initial liquidity and token unlocking plan announced in the future white paper, the valuation of its token will be very sexy. (As shown below)
② What are the application scenarios of tokens?
Conventional exchange fee deductions must be available;
Launchpool is also fine;
These are not new
The point I paid attention to recently is the follow-up plan of Coincall Dex
The on-chain Dex options market is actually a unicorn similar to the perpetual futures market DYDX. Why?
Because the difficulty of option liquidity and the complexity of risk control are not something that ordinary entrepreneurial Dex teams can handle, then Coincall, a player with sufficient options Cex, will open up this market, which is full of narrative space.
In terms of chain selection, Coincall chose the most stable ETH L2 and Sol to do it simultaneously. On the one hand, it has mature technology. In addition, Sol's overall high TPS and high popularity also leave enough room for imagination for the high TVL of subsequent Dex.
Coincall's Dex model is expected to be similar to the aggregated and decentralized order model of DYDX and aevo, which will be able to solve many KYC issues in a compliant manner and is expected to be capped this year.
The overall Dex launch will empower the platform coin#Callmore.
③ Does Call token have a repurchase mechanism?
The deflation of platform coins is actually the most powerful guarantee for subsequent value empowerment. According to the information currently released, the platform will use 30% of quarterly profits to repurchase Call and destroy it. That is, the overall 300 million Calls are getting less and less.
3. I have so many Call tokens, how to deal with them?
Call tokens will be launched in the middle of this month. If the secondary market price is lower than 1 US dollar, I will continue to increase my position.
If the Call token is 3-6 US dollars, I will sell 20% of the position to pocket, and the remaining position will be sold according to the rhythm of selling big cakes as the overall bull market progresses.
However, I will keep the overall 20% Call tokens for the pattern, and look forward to greater blessings when Dex is launched.
Overall, I think the defense + offense of this selling strategy is relatively balanced and comfortable.
If it helps you, remember to like + forward + comment for me
Note: This article contains useful information and is quite long. It is recommended to save it first.
1. What is Coincall?
Those who are familiar with me should know that during the second options academy organized by Signalplus and Coincall, I taught two basic options courses at Coincall. It was at this time that I first came into contact with and used this Crypto The challenger of options is also a real catfish in the market. Why do you say that?
I have laid out a few pain points that Coincall solves for everyone to take a look at. Is it cowhide?
① The most comprehensive altcoin options exchange on the market
This should be very objective. You must know that our players who have played crypto options in the past few years have only BTC and ETH to play. I don’t even look at the fundamentals of altcoins. Coincall currently has Sol, doge, xrp, kas, ltc, matic, link, trx, fil, and bch.
However, frankly speaking, whether it is the current bull market or the several crypto bull markets in history, high-quality altcoins are the most explosive. If we reasonably allocate assets to altcoin spot or option positions, then the odds can be maximized.
In this way, our overall investment portfolio will be very comfortable in terms of investment comfort, and the overall basket of targets will also rise in rotation.
Presentation: After one side sings, the other side appears, just like the BCH blowout after the recent#DogeKas.
I made a 1367% profit on Doge before.
② What is the biggest pain point in options trading solved at present?
Options trading has always been a very niche field in crypto. In addition to the slightly higher threshold for learning options, one of the most important reasons is that options have low option liquidity at individual points due to factors such as exercise price and expiration time. not good.
The emergence of Coincall is indeed groundbreaking. BTC's low spread option bid 1 and ask 1 can reach a spread of 1-5 US dollars. Can you imagine it?
How much market maker resources have been invested to achieve the price difference of such a mechanism is full of sincerity.
Not only is the price difference low, we can also look at the depth. The depth of around 50 BTC can basically meet the needs of medium-sized and ordinary large traders. If you want to trade more than 100 BTC, then directly trade in bulk.
③ Don’t rush to expand the market, don’t rush to spend money on advertising, start with education
Old investors know the market rhythm of cryptocurrencies. How many project parties are getting anxious now? How many early chicken soup bloggers have started to set up paid groups and rebates?
As for coincall, including when we first cooperated with our 4ce labs, our friends were also very shocked. It was the first time they heard that there was no KPI account opening assessment for cooperation with exchanges, but they just wanted us to output some popular science articles.
Can you stand this situation? Just ask
④ What are the shortcomings of Coincall?
Coincall came to the world of crypto options with solutions, but she is not perfect. In the future, there are still a few problems. If they can be solved as soon as possible, it will be another step forward. I have more reason to believe that she will play a more important role in this market.
1- Get margin PM trading done as soon as possible
2- How to improve the stability of the exchange (VPN, etc.)
3- Disclose more fundraising information with the release of tokens, etc.
2. How is the Call token and how much is it worth?
① What is the token economy?
The total issuance volume is only 300 million. Compared with other Cex, the issuance volume is very restrained. Detailed players can make a comparison. Then, combined with the initial liquidity and token unlocking plan announced in the future white paper, the valuation of its token will be very sexy. (As shown below)
② What are the application scenarios of tokens?
Conventional exchange fee deductions must be available;
Launchpool is also fine;
These are not new
The point I paid attention to recently is the follow-up plan of Coincall Dex
The on-chain Dex options market is actually a unicorn similar to the perpetual futures market DYDX. Why?
Because the difficulty of option liquidity and the complexity of risk control are not something that ordinary entrepreneurial Dex teams can handle, then Coincall, a player with sufficient options Cex, will open up this market, which is full of narrative space.
In terms of chain selection, Coincall chose the most stable ETH L2 and Sol to do it simultaneously. On the one hand, it has mature technology. In addition, Sol's overall high TPS and high popularity also leave enough room for imagination for the high TVL of subsequent Dex.
Coincall's Dex model is expected to be similar to the aggregated and decentralized order model of DYDX and aevo, which will be able to solve many KYC issues in a compliant manner and is expected to be capped this year.
The overall Dex launch will empower the platform coin#Callmore.
③ Does Call token have a repurchase mechanism?
The deflation of platform coins is actually the most powerful guarantee for subsequent value empowerment. According to the information currently released, the platform will use 30% of quarterly profits to repurchase Call and destroy it. That is, the overall 300 million Calls are getting less and less.
3. I have so many Call tokens, how to deal with them?
Call tokens will be launched in the middle of this month. If the secondary market price is lower than 1 US dollar, I will continue to increase my position.
If the Call token is 3-6 US dollars, I will sell 20% of the position to pocket, and the remaining position will be sold according to the rhythm of selling big cakes as the overall bull market progresses.
However, I will keep the overall 20% Call tokens for the pattern, and look forward to greater blessings when Dex is launched.
Overall, I think the defense + offense of this selling strategy is relatively balanced and comfortable.
If it helps you, remember to like + forward + comment for me
See original
April 5 Crypto Option Volatility Research Report
Is the waterfall over? Will it rise again?
1. Core viewpoints:
1-Yesterday, I communicated with everyone in the private tutoring group to do a long gamma strategy on the call side. Today's profit is 180%; subjectively, the probability of a sharp drop is not high (more than 10%), and the probability of a sudden Gamma explosion in sideways or rising is higher
2-Although the exchange rate of ETH has hit a new low, from the perspective of the option surface, the implied volatility of the call side has begun to rise
3-The alt options are continuing to decline (Sol, Ton, Doge, etc.); waiting for long gamma opportunities
2. Block trading
There are 2 transactions with more than 1,000 positions on ETH, and the main direction is bullish and shorting the put-side implied volatility
buy ETH-19APR24-3600-C
sell ETH-12APR24-3400-C
There are 680 sell call options on Sol
sell SOL_USDC-26APR24-200-C
3. Other alts
Currently, the transaction is still focused on several targets that I am more familiar with, Doge and Kas Next week, we will choose to go long gamma; currently, the implied volatility is still in the middle.
IV. Macro Market
US Stocks:
The 10-year US Treasury yield is still at this year's high, but the market has not shown too much concern, but this may become a resistance to the stock market in the second quarter.
Is the waterfall over? Will it rise again?
1. Core viewpoints:
1-Yesterday, I communicated with everyone in the private tutoring group to do a long gamma strategy on the call side. Today's profit is 180%; subjectively, the probability of a sharp drop is not high (more than 10%), and the probability of a sudden Gamma explosion in sideways or rising is higher
2-Although the exchange rate of ETH has hit a new low, from the perspective of the option surface, the implied volatility of the call side has begun to rise
3-The alt options are continuing to decline (Sol, Ton, Doge, etc.); waiting for long gamma opportunities
2. Block trading
There are 2 transactions with more than 1,000 positions on ETH, and the main direction is bullish and shorting the put-side implied volatility
buy ETH-19APR24-3600-C
sell ETH-12APR24-3400-C
There are 680 sell call options on Sol
sell SOL_USDC-26APR24-200-C
3. Other alts
Currently, the transaction is still focused on several targets that I am more familiar with, Doge and Kas Next week, we will choose to go long gamma; currently, the implied volatility is still in the middle.
IV. Macro Market
US Stocks:
The 10-year US Treasury yield is still at this year's high, but the market has not shown too much concern, but this may become a resistance to the stock market in the second quarter.
See original
What guiding significance does the high-end crypto option DDH have for retail investors?
I will continue the ideas of the previous two weeks and write some in-depth options articles on weekends.
When you learn options to a certain stage and are close to the intermediate level, you will always hear many players discussing DDH. They say that they can make stable profits by developing a neutral strategy. So they ask if other tools are not good except options.
Many other so-called "arbitrage" actually have a huge risk of capital loss, just like the cross-exchange funding rate arbitrage in the crypto market.
1. Characteristics of neutral double selling:
I did a neutral double selling + DDH strategy for about 3 months in 2023. At that time, there was also a period of time when I sent X to show the net value every day.
At that time, the characteristic of my neutral double selling was that I would keep the combination neutral only when the market was uncertain. (Because it was not a bull market at that time, like the current relatively certain market) If I have more than 80% confidence in the market, I will keep delta to a certain degree of deviation (for example, I will continue to + Delta now), but it will not deviate too much. The advantages of doing so are:
1 The hedging value (delta value) does not need to be absolutely neutral. As long as it is within the controllable range, our adjustments can solve it.
2 With a certain market judgment, the profit will naturally account for all three profit sources. If there is a mistake, the time value and volatility reduction benefits can also hedge part of it.
Of course, my remarks are based on my personal trading system (because I have added a slight market judgment and have the ability to control its risks), that is, I will not make frequent dynamic adjustments, because the adjustment of double selling has disadvantages, which are manifested in:
1 Adding positions will be added to the profitable leg, and reducing positions will be reduced to the losing leg. It is not like the long gamma strategy that can complete the high-selling and low-buying action. This is a problem faced by all neutral double selling traders. Of course, it can be solved.
2 It is not necessary to maintain "absolute neutrality". You only need to keep it within your controllable range. For example, if you have 100,000 USD assets for double selling, the delta of the position is usually kept within the range of plus or minus 200,000, and there is no big problem.
Therefore, from my experience, "frequent adjustments" and "strong neutral logic" are often more costly than gain. The simplest case is that when you increase your position in the profitable leg, you find that the leg is moving in the opposite direction and rising at the same time. This is a huge blow to the confidence of every trader.
Adhering to the consistent operating thinking, we began to adjust positions "degree", because in terms of operation, we have always maintained
Sell Delta 20-35 in 10-21 days without too much adjustment (copycat target)
20-10 days flat selling and real-time adjustments (BTC and ETH)
I stopped working on 10-0 days and tried to implement the gamma strategy. Yes, I started to sell flat, which means that in the next period of time, there will be more adjustments.
The picture below is the excel form of the seller’s risk control assessment done for the CSI 300 ETF last year.
Yes, the profit and loss of selling flat will be obvious, and the probability of profit and loss is the same. This is something we cannot control.
Therefore, when building a position, we can mostly focus on IV, because from the perspective of IV, IV generally drops in the middle of the month. The game of long and short position building at the beginning of the event (etf, halving, etc.) or at the beginning of the month and at the end of the month The possible doomsday market will cause IV to fluctuate greatly.
Therefore, at this time, when the objective environment is relatively peaceful, the decline in IV will be more obvious.
In fact, the volatility has been slowly decreasing in the past week, especially for the copycat options. Even though the direction has brought some losses, the volatility has continued to decline, making this combination particularly profitable.
2. Summary
1 There is no right or wrong in dynamic adjustment, only whether it is suitable or not. In-price and out-of-the-money adjustments do not require much adjustment, but it is possible to adjust the average value and it will occur more frequently. After all, DDH is not applicable to all scenarios. of.
2. The double-buying strategy is the most standard application scenario of DDH, because it can sell high and buy low. However, in double-selling, DDH is the opposite. It presents "sell low, buy high", which requires us to figure out Have your own way to solve it.
3 pairs of selling inside, selling real and selling false is not a big deal, don’t you believe it? Their returns to maturity are the same, you can do the math. There is not much difference in the spot returns between them. (The loss of selling the real value is reflected in the fact that one leg is close to the even value and the other leg is more real value. The loss of selling the off value is reflected in the fact that one leg is close to the even value and the other leg is more out of value. Both sides The plans are almost identical.)
4 The core of neutral double selling is that the "system" is "adjusting". Under strict compliance with this stable profit system (that is, operating discipline) and a complete set of "adjustment" methods, it will take about 3 months. Losing money is also difficult, frankly speaking, especially in a market with high volatility when you have not chosen the wrong target.
Finally, players who want to learn more about options are welcome to join "Sober Chat Options Planet"
I will continue the ideas of the previous two weeks and write some in-depth options articles on weekends.
When you learn options to a certain stage and are close to the intermediate level, you will always hear many players discussing DDH. They say that they can make stable profits by developing a neutral strategy. So they ask if other tools are not good except options.
Many other so-called "arbitrage" actually have a huge risk of capital loss, just like the cross-exchange funding rate arbitrage in the crypto market.
1. Characteristics of neutral double selling:
I did a neutral double selling + DDH strategy for about 3 months in 2023. At that time, there was also a period of time when I sent X to show the net value every day.
At that time, the characteristic of my neutral double selling was that I would keep the combination neutral only when the market was uncertain. (Because it was not a bull market at that time, like the current relatively certain market) If I have more than 80% confidence in the market, I will keep delta to a certain degree of deviation (for example, I will continue to + Delta now), but it will not deviate too much. The advantages of doing so are:
1 The hedging value (delta value) does not need to be absolutely neutral. As long as it is within the controllable range, our adjustments can solve it.
2 With a certain market judgment, the profit will naturally account for all three profit sources. If there is a mistake, the time value and volatility reduction benefits can also hedge part of it.
Of course, my remarks are based on my personal trading system (because I have added a slight market judgment and have the ability to control its risks), that is, I will not make frequent dynamic adjustments, because the adjustment of double selling has disadvantages, which are manifested in:
1 Adding positions will be added to the profitable leg, and reducing positions will be reduced to the losing leg. It is not like the long gamma strategy that can complete the high-selling and low-buying action. This is a problem faced by all neutral double selling traders. Of course, it can be solved.
2 It is not necessary to maintain "absolute neutrality". You only need to keep it within your controllable range. For example, if you have 100,000 USD assets for double selling, the delta of the position is usually kept within the range of plus or minus 200,000, and there is no big problem.
Therefore, from my experience, "frequent adjustments" and "strong neutral logic" are often more costly than gain. The simplest case is that when you increase your position in the profitable leg, you find that the leg is moving in the opposite direction and rising at the same time. This is a huge blow to the confidence of every trader.
Adhering to the consistent operating thinking, we began to adjust positions "degree", because in terms of operation, we have always maintained
Sell Delta 20-35 in 10-21 days without too much adjustment (copycat target)
20-10 days flat selling and real-time adjustments (BTC and ETH)
I stopped working on 10-0 days and tried to implement the gamma strategy. Yes, I started to sell flat, which means that in the next period of time, there will be more adjustments.
The picture below is the excel form of the seller’s risk control assessment done for the CSI 300 ETF last year.
Yes, the profit and loss of selling flat will be obvious, and the probability of profit and loss is the same. This is something we cannot control.
Therefore, when building a position, we can mostly focus on IV, because from the perspective of IV, IV generally drops in the middle of the month. The game of long and short position building at the beginning of the event (etf, halving, etc.) or at the beginning of the month and at the end of the month The possible doomsday market will cause IV to fluctuate greatly.
Therefore, at this time, when the objective environment is relatively peaceful, the decline in IV will be more obvious.
In fact, the volatility has been slowly decreasing in the past week, especially for the copycat options. Even though the direction has brought some losses, the volatility has continued to decline, making this combination particularly profitable.
2. Summary
1 There is no right or wrong in dynamic adjustment, only whether it is suitable or not. In-price and out-of-the-money adjustments do not require much adjustment, but it is possible to adjust the average value and it will occur more frequently. After all, DDH is not applicable to all scenarios. of.
2. The double-buying strategy is the most standard application scenario of DDH, because it can sell high and buy low. However, in double-selling, DDH is the opposite. It presents "sell low, buy high", which requires us to figure out Have your own way to solve it.
3 pairs of selling inside, selling real and selling false is not a big deal, don’t you believe it? Their returns to maturity are the same, you can do the math. There is not much difference in the spot returns between them. (The loss of selling the real value is reflected in the fact that one leg is close to the even value and the other leg is more real value. The loss of selling the off value is reflected in the fact that one leg is close to the even value and the other leg is more out of value. Both sides The plans are almost identical.)
4 The core of neutral double selling is that the "system" is "adjusting". Under strict compliance with this stable profit system (that is, operating discipline) and a complete set of "adjustment" methods, it will take about 3 months. Losing money is also difficult, frankly speaking, especially in a market with high volatility when you have not chosen the wrong target.
Finally, players who want to learn more about options are welcome to join "Sober Chat Options Planet"
See original
In the past 2 years, I have seen many people saying that they want to learn crypto options
The first type of people: always talk about learning and never open an account (80%)
The second type of people: They have been watching videos and reading books, but have not made any actual operations (10%)
The third type of person: opened an account and tried various complex option strategies, but failed to make steady profits (8%)
The last type of person: has always insisted on learning from real trading and found a trading profit system that suits them (less than 2%)
Options are both difficult and simple
The learning curve seems steep. Once you get in, you never want to get out.
The first type of people: always talk about learning and never open an account (80%)
The second type of people: They have been watching videos and reading books, but have not made any actual operations (10%)
The third type of person: opened an account and tried various complex option strategies, but failed to make steady profits (8%)
The last type of person: has always insisted on learning from real trading and found a trading profit system that suits them (less than 2%)
Options are both difficult and simple
The learning curve seems steep. Once you get in, you never want to get out.
See original
April 3rd Crypto Options Volatility Research Report
After yesterday’s waterfall, will it continue to plummet this week?
Key Project Tips: An on-chain option Dex recently studied in depth
@Synquote is invested by @coinbase. It is expected to issue coins in August this year. It is currently the golden period for earning points. There is a blue ocean of options. No rolls.
Invitation code: https://app.synquote.com/r/sober
1. Core viewpoints:
1- Yesterday, the collar strategy of bulk option layout was suggested, and there may be a risk of continued decline in the short term.
2- Observing the Amaberdata options trading data, we can find that the put options have not been overbought. The overall put option has only increased by 3-5 Vols. Corresponding to the spot, the probability of a short-term large-scale decline exceeding 10% is not Not big
3-The underlying wave of the copycat option has not increased significantly, and it is not easy to short the volatility too much.
2. BTC\ETH\Sol
①In stock
On April 1, BTC ETF data showed a net outflow of 85 million. The overall net outflow was relatively moderate, but there have been multiple long liquidations in the past month.
Yesterday was a relatively obvious day for the market recently. It fell during the Asian session and has now reached around US$65,500. Therefore, the recent large fluctuations in the Asian market are something that options doomsday players need to pay attention to, and they need to deal with exposure risks more cautiously.
Sol also reached the integer mark of 180 US dollars, driven by the overall market decline.
②Option hidden wave
The implied volatility of BTC and ETH has not shown a significant rise compared with the bearish side. Currently, the two targets have only increased by 3-6 Vols from yesterday; and have only increased by 6-10 Vols from the past week.
Therefore, based on the precursor indicators of implied volatility, I personally infer subjectively that the probability of the BTC spot market in particular continuing to decline sharply in the short term is low.
If you are a player who is long on volatility, there is obviously no time to make a profit in the short term, so you can continue to wait.
I am personally cautious as to whether we can continue to deploy a long volatility strategy. The current hidden wave belongs to the normal water level of the bull market, and the profit-loss ratio of decision-making at this time is average.
Currently, the hidden wave of Sol continues to be the same as before, and is about 30 vol lower than the hidden wave of ATM at the previous high. Players who previously shorted volatility in the BIT option training camp have gained relatively large volatility gains in this wave.
③Bulk transactions
Yesterday, I issued a risk reversal strategy for BTC at the end of this month if it is a 1100 BTC block. Of course, I personally believe that the block is covered on the bullish side, so I interpret it as a collar strategy.
ETH needs to pay attention to the bear market spread strategy of 1900 positions and the risk reversal strategy of 1750 positions.
buy ETH-26APR24-3300-P + sell ETH-31MAY24-3100-P
buy ETH-26APR24-3000-P + sell ETH-26APR24-3300-C
Sol has no large transactions worth paying special attention to.
3. Copycat options
#TONThe hidden wave is near the median value of the hidden wave in the recent period. It makes sense to go short or long on volatility.
#DogeThe sharp fall in spot prices has not led to an increase in implied volatility
If several copycat option targets have not been deployed in the early stage, it is also a window period for layout. Of course, this is also under the condition that the overall market is stable.
4. Macro market
US stocks:
The exchange rate of the US dollar against the RMB has attracted widespread attention recently. It has not hit a new low recently. The core pressure area I mentioned in the article "Current Major Asset Allocation" last May is still valid. The core is the 7.5 mark. We must focus on this year. Rather than around the current 7.2-7.3. It’s also not easy to worry too much.
In addition, the recent RV and IV in the U.S. bond market have risen again, and players who are optimistic about the long term are suitable for layout. We also shared the options trading strategy of#TMFin a small group
A shares:
Can the narrative driven by a new round of PMI rise? At present, my personal subjective judgment is inconclusive, and my emotions are not enthusiastic enough.
It is better to sit and wait, as the position will not be overweight.
Finally, if you want to learn more about 3 market option strategies, please join "Sober Chat Options Planet"
After yesterday’s waterfall, will it continue to plummet this week?
Key Project Tips: An on-chain option Dex recently studied in depth
@Synquote is invested by @coinbase. It is expected to issue coins in August this year. It is currently the golden period for earning points. There is a blue ocean of options. No rolls.
Invitation code: https://app.synquote.com/r/sober
1. Core viewpoints:
1- Yesterday, the collar strategy of bulk option layout was suggested, and there may be a risk of continued decline in the short term.
2- Observing the Amaberdata options trading data, we can find that the put options have not been overbought. The overall put option has only increased by 3-5 Vols. Corresponding to the spot, the probability of a short-term large-scale decline exceeding 10% is not Not big
3-The underlying wave of the copycat option has not increased significantly, and it is not easy to short the volatility too much.
2. BTC\ETH\Sol
①In stock
On April 1, BTC ETF data showed a net outflow of 85 million. The overall net outflow was relatively moderate, but there have been multiple long liquidations in the past month.
Yesterday was a relatively obvious day for the market recently. It fell during the Asian session and has now reached around US$65,500. Therefore, the recent large fluctuations in the Asian market are something that options doomsday players need to pay attention to, and they need to deal with exposure risks more cautiously.
Sol also reached the integer mark of 180 US dollars, driven by the overall market decline.
②Option hidden wave
The implied volatility of BTC and ETH has not shown a significant rise compared with the bearish side. Currently, the two targets have only increased by 3-6 Vols from yesterday; and have only increased by 6-10 Vols from the past week.
Therefore, based on the precursor indicators of implied volatility, I personally infer subjectively that the probability of the BTC spot market in particular continuing to decline sharply in the short term is low.
If you are a player who is long on volatility, there is obviously no time to make a profit in the short term, so you can continue to wait.
I am personally cautious as to whether we can continue to deploy a long volatility strategy. The current hidden wave belongs to the normal water level of the bull market, and the profit-loss ratio of decision-making at this time is average.
Currently, the hidden wave of Sol continues to be the same as before, and is about 30 vol lower than the hidden wave of ATM at the previous high. Players who previously shorted volatility in the BIT option training camp have gained relatively large volatility gains in this wave.
③Bulk transactions
Yesterday, I issued a risk reversal strategy for BTC at the end of this month if it is a 1100 BTC block. Of course, I personally believe that the block is covered on the bullish side, so I interpret it as a collar strategy.
ETH needs to pay attention to the bear market spread strategy of 1900 positions and the risk reversal strategy of 1750 positions.
buy ETH-26APR24-3300-P + sell ETH-31MAY24-3100-P
buy ETH-26APR24-3000-P + sell ETH-26APR24-3300-C
Sol has no large transactions worth paying special attention to.
3. Copycat options
#TONThe hidden wave is near the median value of the hidden wave in the recent period. It makes sense to go short or long on volatility.
#DogeThe sharp fall in spot prices has not led to an increase in implied volatility
If several copycat option targets have not been deployed in the early stage, it is also a window period for layout. Of course, this is also under the condition that the overall market is stable.
4. Macro market
US stocks:
The exchange rate of the US dollar against the RMB has attracted widespread attention recently. It has not hit a new low recently. The core pressure area I mentioned in the article "Current Major Asset Allocation" last May is still valid. The core is the 7.5 mark. We must focus on this year. Rather than around the current 7.2-7.3. It’s also not easy to worry too much.
In addition, the recent RV and IV in the U.S. bond market have risen again, and players who are optimistic about the long term are suitable for layout. We also shared the options trading strategy of#TMFin a small group
A shares:
Can the narrative driven by a new round of PMI rise? At present, my personal subjective judgment is inconclusive, and my emotions are not enthusiastic enough.
It is better to sit and wait, as the position will not be overweight.
Finally, if you want to learn more about 3 market option strategies, please join "Sober Chat Options Planet"
See original
April 1 Crypto Option Volatility Research Report
There are still 19 days until Bitcoin halving? Will there be a big wave this week?
Key project tips: A recent in-depth study of an on-chain option Dex @Synquote
, invested by Coinbase, is expected to issue coins in August, suitable for option players to take advantage of airdrops. There will be a 500 USDC event this week. You need to use my invitation code: https://app.synquote.com/r/sober
I. Core Views:
1-The ETH call option strategy that was deployed in advance this Friday ushered in a 70% increase. We continue to be optimistic about the ETF speculation expectations and actively deploy option strategies
2-The overall structure of the implied volatility of options#BTCis smooth and mildly bullish;#ETHstill has good layout opportunities before the end of April
3-The deep-rooted cottage option targets#Dogeand#Tonhave continued to rise recently, and the volatility has remained high. It is highly likely that it cannot be maintained for a long time, and the profits are appropriately pocketed
II. BTC \ ETH \ Sol
①Spot Sol rose 4% in 24 hours and broke through 200 US dollars again; and its ecological tokens saw a general rise; JITO rose 28% in 24 hours. As mentioned in the live broadcast on Thursday, the ecological heat has become stronger after experiencing the "Lindy effect". BTC spot price did not change much over the weekend, while ETH saw a slight increase, and was around $3,620 as of writing.
② The implied volatility of options BTC and ETH as a whole is still around MAX from the perspective of the volatility cone; it is highly likely that the halving will be approaching, and the implied volatility of ATM at the end of the month is 70%, which is unlikely to fall sharply. If there is an unexpected event, the probability of continued rise is not low. ETH implied volatility has changed significantly compared with the previous week, and the near-end bullish trend has increased significantly; the market is generally optimistic about ETH in June. Although the spot price of Sol has climbed above 200, the near- and far-end implied volatility have remained around 100, indicating that the market does not expect a large increase in the near term, and it is not too late to deploy some long gamma strategies.
There are no particularly noteworthy large transactions over the weekend
3. Other altcoins
#TonImplied volatility has been at 150% recently. We still arrange a strategy based on shorting volatility in the team group. Betting on high IV cannot be sustained. We will be more cautious on the Call side
#DogeImplied volatility has not risen further after reaching a high level. The short-term long gamma strategy needs to be adjusted in time; the strategy at the end of April will not change
#KaspaThe spot price has corrected recently, and the implied volatility has dropped by about 30-40 Vol. This is another opportunity to go long on volatility.
4. Macro market
A shares: The market continued to rebound last Friday. The good thing about the market is that everyone currently agrees that the decline will not be deep. What is hesitant is what is the new engine or narrative clue? There are several major events over the weekend:
① The giant Syngenta took the initiative to withdraw from the listing, and its IPO was relatively resolute in significantly reducing the number of IPOs. It is still necessary to protect the market where confidence is not strong;
② Wanda has received new investment, and the funds come from the Middle East. Real estate is also the most important trend this year. Basically, except for a few central enterprises, the real estate industry is struggling to survive.
③ The key event mentioned last week was that the manufacturing PMI March data exceeded expectations, with the 50.8-point data improving significantly from the previous month. It is very important to make decisions based on data. There are already some clues. Although it is not easy to be overly optimistic, we do need to pay attention and think about whether this is an inflection point? To sum up, all the key issues above are most relevant to the broad-based index, so I say the focus this year is 300 options.
Finally, if you want to learn more about 3 market option strategies, please join "Sober Chat Options Planet"
There are still 19 days until Bitcoin halving? Will there be a big wave this week?
Key project tips: A recent in-depth study of an on-chain option Dex @Synquote
, invested by Coinbase, is expected to issue coins in August, suitable for option players to take advantage of airdrops. There will be a 500 USDC event this week. You need to use my invitation code: https://app.synquote.com/r/sober
I. Core Views:
1-The ETH call option strategy that was deployed in advance this Friday ushered in a 70% increase. We continue to be optimistic about the ETF speculation expectations and actively deploy option strategies
2-The overall structure of the implied volatility of options#BTCis smooth and mildly bullish;#ETHstill has good layout opportunities before the end of April
3-The deep-rooted cottage option targets#Dogeand#Tonhave continued to rise recently, and the volatility has remained high. It is highly likely that it cannot be maintained for a long time, and the profits are appropriately pocketed
II. BTC \ ETH \ Sol
①Spot Sol rose 4% in 24 hours and broke through 200 US dollars again; and its ecological tokens saw a general rise; JITO rose 28% in 24 hours. As mentioned in the live broadcast on Thursday, the ecological heat has become stronger after experiencing the "Lindy effect". BTC spot price did not change much over the weekend, while ETH saw a slight increase, and was around $3,620 as of writing.
② The implied volatility of options BTC and ETH as a whole is still around MAX from the perspective of the volatility cone; it is highly likely that the halving will be approaching, and the implied volatility of ATM at the end of the month is 70%, which is unlikely to fall sharply. If there is an unexpected event, the probability of continued rise is not low. ETH implied volatility has changed significantly compared with the previous week, and the near-end bullish trend has increased significantly; the market is generally optimistic about ETH in June. Although the spot price of Sol has climbed above 200, the near- and far-end implied volatility have remained around 100, indicating that the market does not expect a large increase in the near term, and it is not too late to deploy some long gamma strategies.
There are no particularly noteworthy large transactions over the weekend
3. Other altcoins
#TonImplied volatility has been at 150% recently. We still arrange a strategy based on shorting volatility in the team group. Betting on high IV cannot be sustained. We will be more cautious on the Call side
#DogeImplied volatility has not risen further after reaching a high level. The short-term long gamma strategy needs to be adjusted in time; the strategy at the end of April will not change
#KaspaThe spot price has corrected recently, and the implied volatility has dropped by about 30-40 Vol. This is another opportunity to go long on volatility.
4. Macro market
A shares: The market continued to rebound last Friday. The good thing about the market is that everyone currently agrees that the decline will not be deep. What is hesitant is what is the new engine or narrative clue? There are several major events over the weekend:
① The giant Syngenta took the initiative to withdraw from the listing, and its IPO was relatively resolute in significantly reducing the number of IPOs. It is still necessary to protect the market where confidence is not strong;
② Wanda has received new investment, and the funds come from the Middle East. Real estate is also the most important trend this year. Basically, except for a few central enterprises, the real estate industry is struggling to survive.
③ The key event mentioned last week was that the manufacturing PMI March data exceeded expectations, with the 50.8-point data improving significantly from the previous month. It is very important to make decisions based on data. There are already some clues. Although it is not easy to be overly optimistic, we do need to pay attention and think about whether this is an inflection point? To sum up, all the key issues above are most relevant to the broad-based index, so I say the focus this year is 300 options.
Finally, if you want to learn more about 3 market option strategies, please join "Sober Chat Options Planet"
See original
Since last year, I have been putting in various fancy options strategies every month.
Then I read a lot of options books
After thinking about it, I have nothing to do α
Study the issue of β in a down-to-earth manner
Hang Chi Hang Chi Study Greek yourself and watch break even every week
I feel more comfortable
What follows is the need to further reduce investment in low-productivity tasks
Save energy and focus on important things
Then I read a lot of options books
After thinking about it, I have nothing to do α
Study the issue of β in a down-to-earth manner
Hang Chi Hang Chi Study Greek yourself and watch break even every week
I feel more comfortable
What follows is the need to further reduce investment in low-productivity tasks
Save energy and focus on important things
