June 5 Crypto Market Volatility Research Report

Is the market rebound a scam or a big surge? How to use option strategies?

Course Tips: 713 Shenzhen offline course officially announced

Topic: US stock options, A-share options (practical course) Star friends discount 100u; private class students discount 200u; take the higher one and do not stack

I. Core Views

1- The previous research report judged that the spot price is unlikely to fall deeply, and it is currently progressing as expected;

2- Sol has a small rebound, hold the spot or buy some ITM calls with small spreads, and the covered call is not urgent and needs to wait;

3- Ton continues to rise, benefiting from the pull-up effect of Not and the imagination space of cex for the traffic of the ton ecosystem in the future. It is estimated that it is only a matter of time before TON breaks the previous high. The implied volatility is currently 100, which is relatively good, and sell put can continue;

4- ETH and BTC continue to have a pattern. It is highly likely that this wave of BTC will hit a new high. All proportional spread strategies are held and wait. The probability of hitting the maximum profit point is not low;

5- Kas roll Then continue the pattern. At present, the mood in the OG group is very Fomo, and the overall market is good;

2. Option block trading

BTC block has some naked buy call option positions, betting on the rise of spot prices and implied volatility

buy BTC-28JUN24-85000-C

buy BTC-14JUN24-75000-C

ETH block has some medium- and short-term buy call and OTM sell call positions

sell ETH-14JUN24-3850-C

buy ETH-28JUN24-5000-C

buy ETH-7JUN24-3800-C

Sol Large-volume transactions began to appear and Vol was smashed (see the planet)

3. Macro market

The hawkish remarks of the Federal Reserve some time ago caused some economists in the market to re-predict interest rate hikes. We internally judged that this was a misreading. As expected, TMF and TLT have been good recently, and Star Friends have made a lot of money by deploying vertical spread strategies;

Yesterday, A-shares continued to diverge, and the extremely low IV must choose a direction.

Yesterday, 300 rebounded steadily, and the downward space was subjectively judged to be limited. Otherwise, wouldn’t the rescue be in vain? Whether the upward space is accelerated enough will determine the income of our long call, but if there are spot long players, it doesn’t matter.