May 27 Crypto Market Option Volatility Research Report
ETH spot price surges, the Smile curve of the option implied volatility call side rises, and the Sol/ETH exchange rate falls. What to do next?
Coincall Exchange: U-standard KYC is simple (select HK) and third-party fund custody options trading platform (start trading mining, you can get platform token call)
I. Core Views
1- ETH spot price rises, ETF time continues to ferment, Call end bull spread can be turned into ratio spread at an appropriate time
2- Sol/ETH exchange rate pair falls, you can switch to Sol in B standard, and then cover or hold coins to wait for the rise
3- Doge and Kas are expected to have event speculation in June, so you can arrange in advance
5- Sol and Tol continue to short volatility at low levels to reduce costs, and choose the strike price at the support level, for example: Sol 140, Ton 6 yuan, which is very cost-effective
II. Option trading positions
No obvious bulk on the weekend
On screen positions are as follows:
BTC 2 large positions are naked buy call options on Friday:
buy BTC-31MAY24-70000-C
buy BTC-31MAY24-75000-C
ETH Naked buy positions are arranged for a longer period, and yesterday's spot gains and call end upswings are taken advantage of
buy ETH-28JUN24-4000-C
buy ETH-28MAY24-3875-C
buy ETH-26JUL24-6000-C
Sol is suppressed by ETH spot in the short term, and the planet gives corresponding suggestions for covered calls
3. Macro market
Last Thursday and Friday, the A-share market ushered in a wave of declines
In hindsight, it can be said that the exercise affected emotions and reduced market risk appetite. However, foreign capital, which should be the most panicked due to concerns about expanding risks, was not particularly panicked, and the outflow on Friday was only more than 4 billion.
Therefore, the panic on Thursday and Friday was still caused by internal confidence. The inertial thinking of fear of heights and the experience of running ahead in the bear market still dominate the short-term A-share index.
