期权交易

The pie is skyrocketing again. How should those who are afraid of heights trade and arbitrage? Detailed guide to take away

The rise in the market came without any warning, and the market exploded before the U.S. stock market opened. It leaves many traditional traders confused.

It takes a little courage and a little skill to chase the rise with confidence.

You can buy spot or long contracts, both are acceptable. Half warehouse.

Short STX, one quarter position.

Sell ​​a daily call option with an exercise price of 76,000. A quarter of the notional value position.

Big pie, stx, options, the position ratio is 2 to 1 to 1.

This combination is relatively aggressive and has high risk exposure. It leaves room for the market to rise and covers the retracement losses in the event of a sudden arrival.

For more hedging methods, welcome to Ice Fire Island to communicate.
$BTC $STX #期权交易 #对冲交易

I am a loyal user of aevo, and I have to say this time, it looks ugly!

Since the airdrop time has been agreed upon, it cannot be changed easily.

Community opinion? There is no airdrop or governance in aevo, so how can there be a community? Who in the community agreed to the extension? Everyone is looking forward to an early airdrop.

Haha, when I see a bunch of people coming to ruffle wool and boost trading volume, I feel a little reluctant to part with this overwhelming wealth and don’t want it to end too early.

But things like postponement really come to an end.

Fortunately, I am not doing airdrops for trading purposes, so normal transactions will not be affected.

However, I was still a little depressed.

Project side, please do it and cherish it. The bull market is not easy, so don’t ruin your popularity with passers-by.
#期权交易 #空投领取

$BTC #期权交易 How to buy BTC or ETH options? Can I short sell options?

There are so many yin and yang little black fans in the currency circle. They are incompetent and they can’t see the good of others.

From the time I started writing about Square at the end of last year to March this year, I have witnessed the ignorance of too many black fans in the currency circle.

If you tell him to control risks, he will scold you for being too empty.

If you tell him to hedge, he will accuse you of cutting leeks.

You can't wake up a person who is pretending to sleep, let alone wake up a person with low cognitive level. The two worlds will only resent each other.

I am also a Buddhist. Just leave it at that. I'm not his father, so why should I worry about him.

Let him lose money until his position is liquidated, let him gamble on unilateral contracts, let him go bankrupt, what does it have to do with me.

Things in the currency circle really make people feel bad. From now on, I can trade with peace of mind, share strategies, and no longer try to teach others ideas.

I like to be a teacher, but I am also sick. Reflect and correct.

Today’s hedging strategy is to go long and use the second-tier currency to hedge.

Option 3475, delta neutral hedge.

The volatility of aevo has been significantly reduced recently, and it is time to open a deribit account.

Deribit identity verification is troublesome and requires utility bills or bank statements. Many cities in mainland China no longer have paper receipts for utility bills, only bank statements, which take five days to be mailed.

Good things take a long time, so take your time.

Deribit's option depth is much better, and its volatility is normal. However, there is also a lack of arbitrage opportunities. Pros and cons.

For players who do sell-side hedging, deribit is better than aevo.

The cunning rabbit has three caves, get a few more accounts and play guerrilla. Ha ha.

#对冲交易 #期权交易 $BTC $ETH

Let’s talk about the aevo protocol, options and airdrops

On-chain options aevo is currently the largest protocol. Locked up tens of millions of dollars.

It is a standard European option, and volatility changes are adjusted according to the market, leaving room for arbitrage.

Currently, it is doing a branded airdrop worth 9 million U.S. dollars, which is directly airdropped to active users.

Those who like on-chain options and airdrops can pay attention.

I've been using it for a long time, but only recently discovered that it has airdrops.

The amount of brushes is compared to the Buddhist type, it doesn't matter whether it is there or not.

There are two highlights of this agreement. One is the unlisted star currency, which has a contract in advance and can be speculated.

The second is the big pie and concubine options. The handling fee is the lowest on the Internet, and there is no gas fee.

Because it is an off-chain order and on-chain settlement. Save a lot of gas costs. The Auntai main network can also be used.

After the deposit is deposited, there is an annual interest rate of more than 4 points. It's perfect.

Let’s fuck aevo together.
$BTC $ETH #期权交易 #空投项目

$BTC

Weak macroeconomic data for Bitcoin bulls favors more aggressive rate cuts and monetary stimulus from the Fed and the Treasury.

It’s been two months since the Bitcoin halving, which may explain why 57% of bullish bets are on prices of $70,000 or higher. But in reality, the market has been weak over the past two weeks, making these call (buy) options essentially worthless. If Bitcoin stays around $61,500 at 8:00 AM (UTC) on June 28, the right to buy BTC at $62,000 and $64,000 will not expire. Similarly, put (sell) options at $58,000 and $60,000 will also expire.

Currently, Deribit is the absolute market leader for June BTC options, with a total open interest of $6.65 billion. The Chicago Mercantile Exchange (CME), which came in second, had $1.15 billion in total open interest, followed by OKX at $735 million and Binance at $520 million. Overall, BTC call and put options totaled $9.25 billion on June 28, which is a respectable number, but also inflated by an overabundance of call options.

Below are the four most likely scenarios based on the current price trend. The availability of call and put options contracts on June 28 depends on the settlement price.

Between $57,000 and $60,000: 660 calls and 14,850 puts. Net result: $820 million in profit on put (sell) options.
Between $60,000 and $62,000: 3,910 calls and 11,140 puts. Net result put (sell) option profit of $430 million.
Between $62,000 and $64,000: 5,220 calls and 8,690 puts. Net result put (sell) option profit of $215 million.
Between $64,000 and $66,000: 6,880 calls and 6,940 puts. The result is roughly balanced between calls and puts.

In short, Bitcoin bulls desperately need to maintain the $60,000 support level before the June 28 expiration to avoid an 8.$200 million potential situation
#期权交易 #CryptoTradingGuide

#期权交易
What is an option?
An option is a right. For example, if you buy a house and it is worth 1 million in June, and you think it will rise in three months, but you only have 50,000, you can use 50,000 to buy the right to buy and sell the house for the next three months. Three months later, if the house rises to 1.2 million, then because you have the three-month call option on the house, the profit you get is 120-100-5=15. With the three-month option on the house, you earn 150,000. But if the value of your house is less than or equal to 1 million after three months, your loss is the 50,000 you bought the option for.

#BTC #ETH #期权交易
1. Crypto options platform QCP obtains preliminary operating approval from Abu Dhabi;
2. US SEC Chairman: Many cryptocurrencies are securities under the law;
3. Revolut launches independent cryptocurrency trading platform for UK retail customers;
4. Nigerian officials previously proposed a secret settlement with Binance in cryptocurrency;
5. Citi: The Fed is not afraid of a short-term surge in financing rates, and the balance sheet reduction will continue until next year;
6. SyzCapital partner: Hong Kong Bitcoin spot ETF may be included in the Shanghai-Hong Kong Stock Connect program;
7. Analyst: Bitcoin options traders bet that the bullish price will exceed $100,000 in September;
8. The Hong Kong Monetary Authority established the Ensemble project architecture working group, focusing on tokenized asset trading in the early stage;
9. Vitalik: Plasma can prevent double exits of any asset in a self-consistent way.

The aevo protocol is a brand name airdrop, and a big V has published a tutorial. Oh my god, so many people are using it, it’s scary.

Trading volume can increase with airdrops, and some people have spent hundreds of millions of them. Is it really worth it?

A total of 9 million coins were airdropped.

Until the end, I am left alone.

If it were an average airdrop, it would be really cool, haha.

This protocol is still suitable for serious trading. As an on-chain options tool, it is really easy to use.

The volatility of each option is calculated separately, and there is room for arbitrage.

Friends who are interested, come and play together.

Its shortcoming is also obvious, that is, the margin ratio is extremely high. Poor capital efficiency.

But it is relatively safe and will basically not be liquidated. #期权交易

The $1,500 call option fails to judge the market and is too optimistic. When the profit is $3,000, you should reduce your position, let alone increase your position at a high point. Dare to miss it and don't lose money.

The loss this time was mainly due to a misjudgment in the middle. I added positions at US$47,000 twice. The market subsequently fell to US$38,000, and the options became useless paper.

I re-purchased call options at the lowest point of 40,000 US dollars. The option selection is more reasonable and I am currently slightly profitable. You can buy up to 0.5 subsequent options, which are divided into two price ranges. The exercise price and expiration date should be reasonable, 2 months, 4 months, 3 months, or 6 months. When there is a sharp increase, you must reduce your position to reduce the profit return. Don’t be FOMO about the risk of withdrawal. You would rather miss it than keep your principal.

#期权交易 #BTC

Update on February 11, 2024: Bitcoin call options have basically paid back their money.

ETF net inflow yesterday
#BTC's implied volatility and realized volatility have both declined, but are still at a low level.
#ETH's implied volatility has risen slightly at a low level, while the realized volatility has remained stable, also in a low extreme area.

The term structure maintains a difference and the volatility surface continues to collapse. Combined with the large-scale transactions of options, pay attention to possible rapid price fluctuations (pin market) and changes in volatility.

The overall bullish end of options accounts for 55.6%, and market sentiment tends to be bullish.

BTC ETH OI diverges
BTC OI rises from a high and falls slightly
ETH OI falls slightly and remains low. The whale is at an extreme low, so keep a cold and wait-and-see attitude
ETH is affected by ETF news, and pay attention to the volatility starting to increase

#期权交易 #BTC #ETH

US SEC approves BlackRock Bitcoin spot ETF options trading
$BTC $BTC
#SEC正式批准现货以太坊ETF #期权交易

Let’s explain the Greek letters of options in vernacular: Delta (Δ), Gamma (Γ), Theta (Θ) and Vega.

1. **Delta（Δ）-The little prince of changing speed**
Delta tells us how much the option price will change if the currency price changes by 1 yuan. For example, the Delta of an option is 0.5, which means that if the price of the related currency increases by 1 block, the option price will increase by 0.5 blocks; if the stock price drops by 1 block, the option price will fall by 0.5 blocks. For those who buy and sell options, Delta is like a "speedometer" that tells you how quickly the price of the option is changing.

2. **Gamma（Γ）-Acceleration expert**
Gamma is the acceleration of Delta. If Delta tells us how fast the option price is changing, then Gamma tells us how fast that speed itself is changing. Using a car analogy, if Delta is speed, then Gamma is the accelerator pedal - the deeper you step on it, the faster the car speed increases. For option traders, high Gamma means that small changes in stock prices will cause large fluctuations in option prices.

3. **Theta (Θ) - Time Killer**
Theta describes the decay of the time value of an option. As time passes and less time remains in the option, its value will slowly decrease. This is like buying a concert ticket. The closer it gets to the day of the concert, and if you haven't decided whether to go or not, the value of the ticket will become less and less. For those who sell options, Theta is a good friend; for those who buy options, it can be an enemy.

4. **Vega - Volatility Elf**
Vega is a measure of the sensitivity of option value to stock price volatility. Simply put, it means how much the stock price fluctuates and how much it affects the value of the option. If Vega is high, then the stock price will fluctuate more, and the option price will change significantly. Vega is like a weather forecast for options traders, telling you the impact of weather (market) changes on you.

These Greek letters are important for understanding and trading options, and they help traders evaluate risk and potential profit.

#内容挖矿 #BTC #期权交易 #Ethereum(ETH)

Hedging trading methods for spot (contract) and options

This issue talks about spot (contract) and options hedging methods.

Assume that the spot position is $100,000 and the option margin is $100,000.

The average spot price is A.

Hedging method: sell out-of-the-money call options, the exercise price is A times 1.02, the option period is daily settlement or weekly settlement, which is optional. If you are optimistic about the spot rally, you can choose monthly settlement, and the exercise price is set to A times 1.1.

After hedging, the profit and loss status on the expiration date of the option:

1. The spot price does not rise. After the option expires, the profit will be automatically settled. The proceeds are royalties.

2. The spot price rises slightly but does not exceed the exercise price, and the option will automatically settle for profit upon expiration. The income is the spot increase + premium.

3. The spot price dropped slightly, and the profit from options covered the spot drop. The income is the premium-spot decline.

4. The spot price plummeted, options expired to make profits, and the overall market value dropped. The loss is the premium-spot drop.

(In this case, if the spot market value decreases, you can continue to sell daily options based on the exercise price A to cover the spot losses. If the spot continues to fall and exceeds the coverage of the options, the options can be appropriately changed to weekly options. At the end of the month, increase premium income and hedge spot losses. At the same time, adopt auxiliary strategies to increase profits. In this case, even if the spot price plummets and is discounted by half, you can still achieve success by selling bear market spread strategy options on a daily or weekly basis. Obtain stable cash flow and wait for spot prices to rebound.)

5. Spot prices skyrocketed and options suffered losses. The income is the spot increase - the option loss, and the calculation method is the spot increase * (1 - option delta value).

(Explanation of the principle: The spot delta value is 1, and the option delta value gradually increases from virtual value to real value, from 0.1 to 1. Therefore, in the case of sudden surge, the spot profit is much higher than the option loss, and it can be hedged Profit.)

To sum up, regardless of extreme market conditions or ordinary sideways trading, negative declines, or slow rises, option hedging can effectively increase returns, with an average annualized rate between 100% and 150%.

By judging the operating status and trend of the market, you can also use insurance strategies, collar strategies, etc. to hedge against retracements and lock in profits.

I hope everyone will study options trading seriously, use this derivatives tool to hedge risks, and get rich together.

$BTC $ETH #期权交易 #对冲交易