June 6 Crypto Option Volatility Research Report
The market continues to rise as expected, hitting ATH, how to do options?
Option Head Dex Synquote: BTC and ETH have small spreads, Q3 coin issuance, trading points to get blessings
I. Core Views
1- Will Kas have a second wave of upward surge? We are currently studying with quantitative partners, and will share news in a small group
2- Ton's upward surge is weak, our covered call strategy does not need to be adjusted, do not make too many spot point predictions, and Smart covered call has no suitable point adjustment
3- Sol patiently waits, the time for a new high is a problem
4- BTC is likely to ATH, proportional spreads, etc., previously shared the layout of patient holding at the end of June
5- ETH June ration spread continues, July Jade Lizard continues, July Call legs were slightly adjusted yesterday
Summary: Only use the option call end to add risk-free leverage, and wait for the market to break through; the overall option implicit volatility call end is very healthy, and there is some Fomo at the near end
II. Option block trading
BTC There are 2 positions with over 1,000 coins (bull spread, especially in July, there is a lot of room for imagination) - the bull spread in June is similar to my proportional spread point, but the profit and loss point is not as comfortable as mine
sell BTC-26JUL24-100000-C + buy BTC-26JUL24-92000-C
buy BTC-28JUN24-74000-C + sell BTC-28JUN24-80000-C
ETH short 5,000 volatility at the end of the month, the opposite angle in December and September is also interesting
sell ETH-28JUN24-5000-C
buy ETH-27DEC24-5000-C + sell ETH-27SEP24-4500-C
sol The bulk has obvious volume increase and abnormal movement, planet sharing
III. Macro market
US bonds continue to exert force, TMF, TLT Yesterday's planet prompts to take it
Big A boring time, continue to wait