April 11 Crypto Option Volatility Research Report

CPI data released, frequent guesses of short-term rise and fall are enjoying it

I. Core Views:

1-Recently, I have been emphasizing that the decline is not deep. I wonder if the readers think it is accurate. As for the short-term rise and fall, leave it to the gods

2-BTC and ETH implied volatility is healthy, funding rates are normal, and ETF inflows have also seen a net outflow of 243 million this week

3-Sol implied volatility continues to fall, we have deployed long gamma positions (prompted in yesterday's planet); other cottages such as#Doge#Kas are sideways, and we can deploy both long and short volatility strategies

4-April's implied volatility fell by 3-4% Vol, and the front-end Vol Skew tilted sharply again

II. BTC, ETH, Sol option block trading

BTC block continued to buy medium- and long-term call options following yesterday's buying trend. It is worth noting that the recent block buying of 20 WU positions has continued to increase

buy BTC-28MAR25-200000-C

buy BTC-28JUN24-95000-C

ETH's bulk has made more than 12,000 3-leg option strategies, and the overall short position is biased

sell ETH-26APR24-3600-C + sell ETH-28JUN24-2500-P + buy ETH-28JUN24-3000-P

sell ETH-26APR24-3500-C + sell ETH-28JUN24-2400-P + buy ETH-28JUN24-2900-P

Sol bulk transactions are placed in the planet

3. Copycat options

Taking advantage of the low volatility to lay out the#XRPstrategy, the BIT options training camp announced the actual trading points

4. Macro news

In the United States, do not use the CPI data to directly judge the Fed, the Fed is not completely mechanical. Data is predictable, and the market is using everyone's short-term emotions to do the opposite operation.

CPI came out to hit market confidence, BTC plunged, and emotions took advantage of the halving to rush higher. Short-term contract players, are you okay?

Yesterday, the A-share theme index led the decline again, and the relative resilience of the macro index continued to fall. Almost all indexes once again reached the low point of the high sideways range in the past two months.

In summary:

In the mid-term bull market, it is more stable to use options + Delta leverage, and short-term long and short positions are less concerned