April 19 Crypto Options Volatility Research Report

Chasers, with the ups and downs of the market; those who are calm, sit and watch the clouds rise and fall

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I. Core Views

1-I interacted with the Planet players at 10 am yesterday, and I subjectively thought that the short-term decline sentiment was almost over. Again, we are ordinary people, don’t always want to “buy at the bottom”, knowing yourself is more important than knowing the target

2-The market fluctuates, and leverage is cleared before each round of surge. In the recent waves of altcoins, many players who don’t have BTC or the strong altcoins we recommend are very uncomfortable (for example: #TON)

3-Short-term bearish sentiment converges, and ETH continues to underperform BTC

4-The implied volatility of altcoin options has also changed. Only by laying out the bullish side in advance can you avoid missing the surge

2. Option block trading information

BTC had 2 large buy put option positions yesterday

buy BTC-31MAY24-57000-P (600)

buy BTC-26APR24-58000-P (450)

ETH block trading option positions are divided

sell ETH-19APR24-3000-P (2,250)

buy ETH-26APR24-2700-P (2,000)

Sol large position daily planet tips

III. Abnormal movement of cottage option implied volatility

#Linkimplied volatility obviously follows the rise of the underlying price and shows a positive correlation;#Solimplied volatility slightly decreases, and the put end shorting volatility has a good effect;#Tonimplied volatility remains high, and shorting volatility continues.

IV. Macro market information

Yesterday, the US stock market rose and fell, and several crypto-related stocks rose fiercely at the opening; US bonds continued to cool down, and this round of long-term US bond investors withstood the test of October last year. I personally don’t think there will be any impact on the long term, and even added some TMF positions.

The US bond yields collectively fell slightly from the high point, and the ten-year yield returned to below 4.6%, reporting 4.575%, and the two-year yield sensitive to interest rate policy reported 4.924%, and risk sentiment was cooled.

From the perspective of macro confidence in the A-share market, after the National Nine Articles, the next narrative worthy of market attention should be the Central Quarterly Economic Work Conference at the end of April. Before that meeting, I think market players have reason to leave some expectations for it.