[Crypto Market Options Volatility Research Report-February 29]

Recently, Coincall organized an options competition that only lasted for 3 weeks. Call credits worth 37W were distributed. Everyone is welcome to form a team with me.

(Registration link: https://coincall.com/r/23683062)

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Core points:

① Bullish bulls are indispensable for long and short explosions, as shown in Figure 1 below. To increase leverage, you still need to choose a robust option strategy.

② The IV of#BTCin the doomsday round has reached 85%. It has not reached the craziest stage yet. More than 100% is not an exaggeration. Just wait quietly.

③#Dogewelcomes more than 3 times the increase, long-term layout, just hold it with peace of mind

1. BTC and ETH

①US stocks and US debt macro

The market is now waiting for an interest rate cut, but the FED does not want the stock market to surge, so it is postponing the rate cut. In the future, if the delay is too long and the stock market rises to the point where there is no theme, the likely result will be a stock market correction. If interest rates are not cut, there will be economic problems and the stock market will have a major correction, and bonds may become popular.

In short, why should we not speculate in bonds when we are speculating on stocks and currencies? No signal, no trigger. It’s not that everyone has a grudge against debt, it’s just that the time has not come. There are several opportunities for this: the FED cuts interest rates; inflation drops more than expected; the economy deteriorates; financial troubles occur.

In the long run, asset allocation is still the key. It has not yet reached the forefront of U.S. debt. Cryptocurrency can continue to dance.

② Implied volatility situation

BTC continues to rise above the $62,000 mark, and ETH has also reached around $3,500.

The renewed push after settlement pushed option IV upward again, with the front end reaching a high of 85% of Vol, and Vol Skew also moved significantly higher. (As shown below)

③ Bulk transactions

Looking back at the transactions in the past 24 hours, BTC front-end 60000-C was bought in large quantities

The periods after the end of March are mostly Sell 60000-C call spreads traded in bulk transactions, and the exercise price positions of the long legs are distributed at 65000/70000/75000

In addition, there is also a giant whale selling a call of 60,000 at the end of March. It is visually covered as a covered call.

2. Copycat options

Under the current high IV situation, if the spot position is insufficient, it is suitable to make long calls near ATMs to gain high returns.

If the spot position is sufficient and players want to adjust positions, covered shipment is also a good choice, which is more profitable than direct spot trading, such as#FIL#Doge and other targets

Finally, if you are interested in options, welcome to Sober to chat about options planet. Friends who are waiting for the planet to offer event discounts should not wait. Our principle is that the price of new members cannot be lower than that of any old member.

(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. What the planet is for, I probably wrote one before, you can take a look at the introduction in "My Planet Link".

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.