July 11 Crypto Options Market Research Report
CPI data will be released tonight, US employment data deteriorates, and the implied volatility of the options market is ahead. What should we do?
1. Core Views
1- The implied volatility of ETH 25D call continues to decline. The previous short volatility position using ratio spread on the call side has been closed. Let's see if the opening exceeds expectations. If it exceeds expectations, we can repeat the previous actions.
2- Tonight's CPI data is subjectively optimistic from a macro perspective. The interest rate cut is getting closer and closer. The BTC short-term market is still afraid of a big drop, and puts are relatively upward before the end of the month.
3- The concept of autonomous driving is hot, and you can continue to pay attention to the encrypted AI target
4- The cottage option sol continues to be optimistic. Yesterday, the planet also shared bulk data, and continued to long the end of the month +delta
Summary: BTC maintains the previous view with a very high winning rate and moderate odds. Very few high-quality altcoins continue to short vega long delta (question from the planet if you don’t understand)
2. Block trades
BTC block trades buy 310 put options at the end of the month for protection, and another block player short call spread, overall bearish:
buy BTC-26JUL24-54000-P
sell BTC-19JUL24-63000-C + buy BTC-19JUL24-68000-C
ETH no update
Sol block continues to do similar long positions, the planet was updated yesterday, and the RR strategy was added today
3. Macro market
US stocks:
Apple’s P/S valuation level has reached a record high. I subjectively judge that funds continue to be optimistic and further open up the upside space. The overall benefit is to open the ceiling of the 7 sisters of US technology stocks. Apple’s upward surge will also drive the valuation of giants such as Tesla. Continue to pay attention to and deepen the targets we are familiar with.
A-shares:
Typical macro commodities such as rebar hit a new low yesterday. We can continue to pay attention to the trend of some commodities in the future.
A screenshot of the monthly report of Internet celebrity Li Bei was shared on Twitter yesterday. As a long-term investor at the end of last year, the text of the current research report is full of speechlessness. Emotions have reached the "freezing point"
