1. The first week of May options market dynamics: ETH puts have been very strong recently.
Now that everyone has suddenly realized the risks and started adding protection, should we be a little more aggressive? Or should we continue to be timid?
2. IV continues to be low, so low that many people have become numb. Are some conservative investors impatient and want to sell?
3. Have the block trading brothers been forced to fall below 10delta?
4. Is it that positive Gamma can no longer bear it? The ducks are helpless and can no longer bear being poked, so they are trying to deal with the long-term. The ducks are getting weaker and weaker?
5. However, if the 28,000 pain point of BTC's put side is poked, and the 185,000 pain point of ETH, which has been poked this week, the futures short orders brought about by hedging after the negative Gamma explosion need to be considered.
6. Recently, the focus is still on the sell-side calendar strategy on the Call side. In addition, the strategy mentioned before is "Duck's theta buy point - delta". In addition, after the delta direction rises, the price difference between exchanges will also increase significantly. The old driver can be more diligent and earn 2 "pork trotters rice" by moving bricks, which is also very delicious. Trading, sometimes you have to combine long and short, and it is easy to get hungry when you are always in poetry and far away.
7. DYOR in terms of strategy. However, when the market is indeed as chaotic as the one predicted on May 1, friends should remember FOMO. If you really want to bet, you should be prepared to go back to zero. The market's agitation is also an opportunity for the industry from both sides of the coin. When the market is suitable for us, we can make a big profit. When it is not suitable, we can have a little soup or watch a play. It is also another kind of peaceful time.
8. In terms of the long-short ratio of the entire network, the air force is very fierce, but it is not that pessimistic just from this data dimension.
9. If you want to see some local high IV seller advantages, this chart is OK for the near term, and you can find some high cost-effective selling points. If you look at Figure 2, you can see more clearly how low the current IV is by zooming out. . .
