June 4 Crypto Market Volatility Research Report

Kas continues to take off, but I am secretly rolling. How to do it?

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);

I. Core Views

1- Kas spot rose by 17% yesterday; the profit of the ITM position of the far option exceeded 100%; as I said in my private class, the option buyer strategy, I rolled the out-of-the-money call (part of the position display); 200,000 pieces became 100,000 pieces; this round of players who read the research report carefully have made money

2- At present, the overall crypto-copycat option target is in a downward trend; I Sol closed the covered call and did not open a position; waiting

3- Ton used the emotional premium of yesterday's 10% increase to open a covered call; the current sentiment has recovered; Smart covered call strategy should be done according to quantitative indicators, without subjective judgment.

4- ETH's previous research report said that some ratio spread can be done on the call side; currently, the IV on the call side has also converged to close to the 50th percentile.

2. Bulk option transactions

BTC yesterday had a buy call option strategy for next Friday (position 387 pieces)

buy BTC-14JUN24-75000-C

ETH has a buy next week's bull spread strategy with 8,300 positions

buy ETH-14JUN24-4150-C + sell ETH-21JUN24-4800-C

sol see the planet

3. Macro market

A-shares had an inflow of 1.5 billion Northbound funds yesterday, and recently they have been in and out. This round of cumulative inflows into A-shares is still only around 100 billion.

Although A-shares are currently in a state of waiting for the explosion point, there is still a lot of room for foreign capital to exert its strength, which corresponds to the hope that the bulls will accelerate upward again in the near future.

If 200 billion has already flowed in at this time, and the market is suppressed purely because of the Chinese people's fear of heights, then the hope of subsequent explosion is much smaller. After all, at this stage, the Chinese people still lack the ability to set prices independently.

The July meeting is confirmed, but the content has not been discovered by the market as a topic. Whether it can become a hot spot, the market will give the answer.