June 13 Crypto Options Volatility Research Report

The weekend emphasized this week's Gamma market, which has continued to be fulfilled in the past few days

Competition Tips: CC * Sober Chat Options Exclusive Trading Competition continues. Newcomers will receive an additional 75U; old players will receive 240U for completing the guaranteed task.

Register first, then trade

I. Core Views

1- You can look at the weekend tweets that said this week's CPI and interest rate meeting are closely related. Generally speaking, we do not emphasize macroeconomics when trading, so it makes sense to mention it this time;

2- Subjectively, the probability of Q3 rising is high. The overall US bonds moved in advance before the interest rate meeting yesterday;

3- The implied volatility of options has reached a stable rising mode, which is relatively comfortable. U-standard makes some short spread strategies on the put side, with a high probability of collecting premiums and also boosting trading volume;

4- In the future, ordi will be added to the continuous trading of copycat targets, which is a particularly good-looking α target

5- Ton continues to be strong, IV is high, short it; Sol waits for a rebound and does not short volatility; Kas uses the previous in-the-money profit to long call 32W pieces to continue the pattern

Invitation: If there are masters of copycat targets, please meet with me to discuss option strategies. Currently, there are exchanges that support all copycat option quotes. DM me

2. Options block trade

BTC had a block trade yesterday, with more than 1,300 positions in the doomsday round long call spread

buy BTC-13JUN24-68000-C + sell BTC-13JUN24-69500-C

Such a large position in such a short time makes people think

ETH has no new obvious abnormalities

Sol has a large sell put position (planet prompt)

3. Macro market

Yesterday, the A-share market was still strong in the micro-cap index and the large-cap index was sideways. Corresponding to the trigger of the correction theme in the past month, the current state is that the correction has ended in stages. If the correction is likely to stop falling, it is not certain whether it will rise. The shrinkage to less than 700 billion yesterday is also a bad signal.

But whether the market can start still needs real money and silver. The story of the July meeting has not yet begun.

Last night happened to be the key US CPI data and the Federal Reserve's interest rate meeting. The US stocks, 20-year US Treasury bonds, DPST and other targets we are watching continued to rise. Now is the time to avoid short positions, but frankly speaking, the impact on the A-share market is limited. A good iron must be hard to forge.