June 17 Crypto Option Volatility Research Report

Ethereum ETF date confirmed, exchange rate strengthens, how to operate options?

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I. Core viewpoints

1- Ethereum ETF is confirmed by date. Weekend Planet gives 2 strategies to go long on ETH. You can make money in sideways, small declines, and big rises. You can choose Jade Lizard and sell put + call spread according to the profit and loss curve;

2- Sol spot has been sluggish for a while, and there are signs of rising exchange rates against BTC recently;

3- Ton should be the strongest target in the Top 20 recently. Call spread is added to the continuous long strategy. There are two main reasons (1- There is a suitable counterparty; 2- The spot is covered and the surge is chased; 3- Sell put has been stopped)

4- Kas stop loss delta 15 or less long call, add delta 35;

Summary: From the perspective of the term structure of Yazhan, the overall bullish, driven by events, ETH call iv after July 5 The upward trend is obvious; from the perspective of the volatility cone, BTC is still below the 25th percentile in the past six months (not suitable for short vega), and ETH is at the 50th percentile.

2. Options block trades

No special block trades on weekends

YaZhan has relatively large-volume trades, for example

sell ETH-21JUN24-3850-C

buy ETH-5JUL24-4200-C

sell SOL_USDC-26JUL24-170-C

sell SOL_USDC-28JUN24-120-P

3. Macro market

Last week, CPI was indeed getting softer and softer. Players who did TLT and TMF together won a game. The long-term bond bull view remains unchanged. The planet has also shared some options trading strategies, including TSLA, DPST, etc.

Although the performance of A-shares was flat in the past week, the social financing data was released after the close of last Friday. M1 and M2 both hit a 20-year low year-on-year, which means that everyone in the society really has no confidence.

The mainstream story of the July meeting should be the dominant narrative direction of this round of market. Because the story is still missing, the market has not yet taken a clear roadmap. In the world of gaming, as long as the promise is not fulfilled, the story can still be told. If no effort is made, expectations will continue to be lowered this year.