May 30 Crypto Options Trading Research Report

ETF incident has new progress, how to do option strategy?

Coincall Exchange: U-based KYC is simple (select HK) and third-party fund custody options trading platform, (start trading mining, you can get platform token call); invitation link (handling fee reduced by 40%)

I. Core Views

1- This morning, BlackRock submitted an updated version of its spot Ethereum ETF S-1 application; this is the listing application for Ethereum spot ETF products, if approved, it can be traded in the secondary market; at present, the probability of the end of June mentioned by Twitter Space yesterday is not low

2- Players who have laid out the Jade Lizard strategy with us before, just take it, the current put end profit is still good, and the Call end continues to be structured. In fact, this strategy is pure U-based and it is very comfortable to do on Coincall

3- Near-term ETH's PUT end implied volatility this Friday and next Friday is a little upturned, be careful of the risk of a short-term sharp drop

4- The underlying assets of the altcoin options are also in a clear volatility reduction cycle. Only DOGE's implied volatility is above 100. Players who do not have a clear covered call demand should not short vol at this moment. Waiting is also a good choice.

5- TON's monthly implied volatility is still above 100, so sell and cherish it.

II. Bulk option transactions

BTC has begun to have a large number of synthetic airdrop strategies (550 positions)

buy BTC-28JUN24-65000-P + sell BTC-28JUN24-75000-C

buy BTC-26JUL24-60000-P + sell BTC-26JUL24-64000-P

ETH has 2 large transactions, both of which are more than 10,000 (different opinions, one bullish, one RR synthetic short)

buy ETH-28JUN24-4000-C + sell ETH-28JUN24-5000-C

buy ETH-28JUN24-3400-P + sell ETH-28JUN24-4500-C

Sol bulk transactions do some put operations, see the planet

3. Macro market

Yesterday, 3.3 billion northbound funds flowed in to support A-shares. What dragged down A-shares was the weakness of H-shares and the "volume" environment. The hope for the current round of A-shares to continue to advance lies in the continuation of the policy side. The April zzj meeting still lacks a reserve requirement ratio cut and interest rate cut. Going further, it is whether the market can find a logical line in the July h meeting and move ahead.

In the past week, H shares have weakened. In fact, since I traded Tencent options for a period of time last year, I found that the H-share market is better off. If it doesn't work, I don't need to be tied to it. It is very important to choose a market with strong liquidity that suits you.

Recently, the inflow of North Water has been fluctuating, and maintaining an inflow of slightly more than 100 billion should be an influential route. It is unrealistic to pin hopes on foreign capital at present. The iron must be hard to forge.