The market’s future expectation of volatility is now lower post ETF, and #Bitcoin at-the-money IV’s have been crushed.
Buying vol has become a lot cheaper. 🤑
Looking at the price chart, we see the BTC has bounced off the bottom of the sideways channel it’s (mostly) been in since early December. 📉📈
If you think the bounce will hold over the next 2 days, you could buy an ATM short duration call spread that gives you a risk/reward profile of 2:1.
🟢 2024-01-21, CALL, 41,578
🔴 2024-01-21, CALL, 42,953
#NFA #OptionsTrading
Buying vol has become a lot cheaper. 🤑
Looking at the price chart, we see the BTC has bounced off the bottom of the sideways channel it’s (mostly) been in since early December. 📉📈
If you think the bounce will hold over the next 2 days, you could buy an ATM short duration call spread that gives you a risk/reward profile of 2:1.
🟢 2024-01-21, CALL, 41,578
🔴 2024-01-21, CALL, 42,953
#NFA #OptionsTrading
Today, the two DeVol #Bitcoin pools have each doubled in size from 20K to 40K USDC. 🦾
This increase represents a big first step in giving users the ability to execute larger multi-leg trades.
We welcome our new LPs who have made this increase possible. 🤝
Each pool backs a unique expiration date, & the pools are open for anybody to provide liquidity & generate passive yield.
More increases will be announced soon. 🫧
This increase represents a big first step in giving users the ability to execute larger multi-leg trades.
We welcome our new LPs who have made this increase possible. 🤝
Each pool backs a unique expiration date, & the pools are open for anybody to provide liquidity & generate passive yield.
More increases will be announced soon. 🫧
#Bitcoin has been holding around 52,000 for several days.
Looking at the charts, we see that this area acted as resistance in September and December 2021. 📉
We also know that US markets will be closed on Monday in observance of a holiday, and BTC ETF inflows won’t resume until Tuesday. 🤔
Based on this information, if we believe BTC will stay below 52,000 for the next few days, we could either:
Sell a 2-day call spread or buy a 2-day put spread.
Here’s an example of the short call spread on DeVol:
🔴 2024-02-18, CALL, 51,857
🟢 2024-02-18, CALL, 52,043
Max gain < 51,857
Breakeven = 51,932
Max loss > 52,043
Here’s an example of the long put put spread on DeVol:
🟢 2024-02-18, PUT, 51,671
🔴 2024-02-18, PUT, 51,302
Max gain < 51,303
Breakeven = 51,500
Max loss > 51,672
#DeFi, #Options, #NFA
Looking at the charts, we see that this area acted as resistance in September and December 2021. 📉
We also know that US markets will be closed on Monday in observance of a holiday, and BTC ETF inflows won’t resume until Tuesday. 🤔
Based on this information, if we believe BTC will stay below 52,000 for the next few days, we could either:
Sell a 2-day call spread or buy a 2-day put spread.
Here’s an example of the short call spread on DeVol:
🔴 2024-02-18, CALL, 51,857
🟢 2024-02-18, CALL, 52,043
Max gain < 51,857
Breakeven = 51,932
Max loss > 52,043
Here’s an example of the long put put spread on DeVol:
🟢 2024-02-18, PUT, 51,671
🔴 2024-02-18, PUT, 51,302
Max gain < 51,303
Breakeven = 51,500
Max loss > 51,672
#DeFi, #Options, #NFA
#Bitcoin has been trading sideways for over a week. 📉📈
Looking at the daily chart we see that short term resistance is at 53,000 & support is at 50,800. 🛡️
At-the-money implied volatility for the 2024-02-22 expiration is 50.
If you believe BTC will stay range bound within the next two days, you could simultaneously sell a call spread & a put spread on DeVol, collecting both premiums.
🟢 2024-02-22, PUT, 50,587
🔴 2024-02-22, PUT, 50,782
🔴 2024-02-22, CALL, 52,977
🟢 2024-02-22, CALL, 53,181
This four-legged option strategy is called an iron condor, & it will be profitable if the price stays between 50,709 and 53,049 by expiration in less than 2 days.
Max gain > 50,783 & < 52,978
Breakeven = 50,709 & 53,049
Max loss < 50,588 & > 53,182
#DeFi, #Options, #NFA
Looking at the daily chart we see that short term resistance is at 53,000 & support is at 50,800. 🛡️
At-the-money implied volatility for the 2024-02-22 expiration is 50.
If you believe BTC will stay range bound within the next two days, you could simultaneously sell a call spread & a put spread on DeVol, collecting both premiums.
🟢 2024-02-22, PUT, 50,587
🔴 2024-02-22, PUT, 50,782
🔴 2024-02-22, CALL, 52,977
🟢 2024-02-22, CALL, 53,181
This four-legged option strategy is called an iron condor, & it will be profitable if the price stays between 50,709 and 53,049 by expiration in less than 2 days.
Max gain > 50,783 & < 52,978
Breakeven = 50,709 & 53,049
Max loss < 50,588 & > 53,182
#DeFi, #Options, #NFA
Advantages of the Bull Call Spread
A bull call spread is constructed by buying one call option and selling another call option further out of the money.
It’s a bullish strategy, similar to simply buying a call, but the max you can earn is limited to the width of the spread minus the amount you pay for the spread. The max you can lose is the price you pay for the spread.
Call Spread Pros:
🟢 A bull call spread has a higher chance of breaking even and being profitable than buying a call by itself.
🟢 Bull Call spreads have a much higher return potential.
🟢 The call spread will have much less exposure to losses from the passage of time.
Call Spread Cons:
🔴 The bull call spread has limited profitability if the price of the underlier blasts off to the moon before expiration.
Final Verdict - The Bull Call spread is better than simply buying a call.
DeVol is the only crypto options platform that allows you to trade #Bitcoin call spreads, or any type of multi-leg strategy, in a single execution.
A bull call spread is constructed by buying one call option and selling another call option further out of the money.
It’s a bullish strategy, similar to simply buying a call, but the max you can earn is limited to the width of the spread minus the amount you pay for the spread. The max you can lose is the price you pay for the spread.
Call Spread Pros:
🟢 A bull call spread has a higher chance of breaking even and being profitable than buying a call by itself.
🟢 Bull Call spreads have a much higher return potential.
🟢 The call spread will have much less exposure to losses from the passage of time.
Call Spread Cons:
🔴 The bull call spread has limited profitability if the price of the underlier blasts off to the moon before expiration.
Final Verdict - The Bull Call spread is better than simply buying a call.
DeVol is the only crypto options platform that allows you to trade #Bitcoin call spreads, or any type of multi-leg strategy, in a single execution.
#Bitcoin continues to chop sideways.📉📈
DeVol Analytics shows that implied volatility is higher than realized vol by 33 points. 🤯
Volatility is known to cluster, so selling vol could be a good short term strategy.
The daily chart shows resistance at 53,000 and support at 50,800. 🛡️
Based on this info, the team executes a multi-leg options strategy known as a butterfly spread on Crypto Options Action. The trade profits if BTC stays between 50,432 & 52,830 by expiration on 02/24. Max profit is at 51,631. ⏱️
#DeFi, #OptionsTrading, #NFA
DeVol Analytics shows that implied volatility is higher than realized vol by 33 points. 🤯
Volatility is known to cluster, so selling vol could be a good short term strategy.
The daily chart shows resistance at 53,000 and support at 50,800. 🛡️
Based on this info, the team executes a multi-leg options strategy known as a butterfly spread on Crypto Options Action. The trade profits if BTC stays between 50,432 & 52,830 by expiration on 02/24. Max profit is at 51,631. ⏱️
#DeFi, #OptionsTrading, #NFA
YouTube
Bitcoin trades rangebound while TradFi rips higher! Will BTC break to the upside or downside?
The team decides to take advantage of the sideways price action by executing a delta neutral option strategy on DeVol. The trade, known as a butterfly spread, will be profitable if Bitcoin stays within a price range by expiration in less than two days.
…
…
#Bitcoin surges higher! 📈
Check out this week’s episode of Crypto Options Action where we
review last week’s successful short butterfly strategy, then dive into the charts & vol surface to plan a new options trade on DeVol.
With resistance at around 65K, & buying pressure high due to the spot ETF, the team decides to execute a 60,404 / 64,405 call spread that expires on 03/01. ⏱️
Max profit is above 64,406
Breakeven is at 61,389
Max loss is below 60,405.
#DeFi, #OptionsTrading, #NFA
Check out this week’s episode of Crypto Options Action where we
review last week’s successful short butterfly strategy, then dive into the charts & vol surface to plan a new options trade on DeVol.
With resistance at around 65K, & buying pressure high due to the spot ETF, the team decides to execute a 60,404 / 64,405 call spread that expires on 03/01. ⏱️
Max profit is above 64,406
Breakeven is at 61,389
Max loss is below 60,405.
#DeFi, #OptionsTrading, #NFA
YouTube
Bitcoin surges higher! How long before it breaks out to new all time highs?
The team reviews last week's successful short butterfly strategy, studies the Bitcoin charts & vol surface, and executes a new multi-leg option trade on the DeVol platform.
None of the content in this video should be considered financial advice. As always…
None of the content in this video should be considered financial advice. As always…
#Bitcoin is closing in on new highs! 📈
The 60 day skew is showing that calls are more expensive than puts, which means the sentiment over the longer term is bullish.
However, if you believe the previous all time high will act as resistance in the short term, you could buy an 03/06 BTC put spread on DeVol.
🟢 2024-03-06, PUT, 67,754
🔴 2024-03-06, PUT, 67,359
This strategy will be profitable if the price stays below 67,540 by expiration.
Max gain < 67,360
Breakeven = 67,540
Max loss > 67,754
#DeFi, #Options, #NFA
The 60 day skew is showing that calls are more expensive than puts, which means the sentiment over the longer term is bullish.
However, if you believe the previous all time high will act as resistance in the short term, you could buy an 03/06 BTC put spread on DeVol.
🟢 2024-03-06, PUT, 67,754
🔴 2024-03-06, PUT, 67,359
This strategy will be profitable if the price stays below 67,540 by expiration.
Max gain < 67,360
Breakeven = 67,540
Max loss > 67,754
#DeFi, #Options, #NFA
We’re only in week one of testing the previous all time high. How long before #Bitcoin breaks out with conviction? 🤔
In Nov/Dec of 2020 it took BTC 3 weeks to print a proper new high. 📈
In Jan/Feb of 2017 it took BTC 2 months to break out to new highs. ⏱️📈
If you think resistance will hold for at least a few more days, then buying an 03/08 put spread on DeVol could be the move.
🟢 2024-03-08, PUT, 67,156
🔴 2024-03-08, PUT, 66,690
This strategy will be profitable if the price stays below 66,899 by expiration.
Max gain < 66,691
Breakeven = 66,899
Max loss > 67,156
#DeFi, #Options, #NFA
In Nov/Dec of 2020 it took BTC 3 weeks to print a proper new high. 📈
In Jan/Feb of 2017 it took BTC 2 months to break out to new highs. ⏱️📈
If you think resistance will hold for at least a few more days, then buying an 03/08 put spread on DeVol could be the move.
🟢 2024-03-08, PUT, 67,156
🔴 2024-03-08, PUT, 66,690
This strategy will be profitable if the price stays below 66,899 by expiration.
Max gain < 66,691
Breakeven = 66,899
Max loss > 67,156
#DeFi, #Options, #NFA
#Bitcoin is knocking on new all time highs! 📈
On the new episode of Crypto Options Action, Jordan & JC study the price charts and vol surface in order to profit from the volatility.
The team thinks a breakout to new highs is less likely to happen over the weekend due to the lack of buying pressure from the spot ETF over the weekend, and the fact that in previous cycles BTC has taken a minimum of a few weeks to make new highs.
The 2 day implied vol on the DeVol platform is currently lower than on other platforms, which means buying options is cheaper than it should be.
Given this info, and the fact that BTC could still break out with conviction at any moment, they decide to execute a long butterfly spread that expires on 03/10.
🔴 2024-03-10, PUT, 66,425
🟢 2024-03-10, PUT, 68,792
🟢 2024-03-10, CALL, 68,792
🔴 2024-03-10, CALL, 70,931
Max profit is below 66,426 & above 70,931
Breakeven is 67,410 & 70,175
Max loss is 68,792
#DeFi, #OptionsTrading, #NFA
On the new episode of Crypto Options Action, Jordan & JC study the price charts and vol surface in order to profit from the volatility.
The team thinks a breakout to new highs is less likely to happen over the weekend due to the lack of buying pressure from the spot ETF over the weekend, and the fact that in previous cycles BTC has taken a minimum of a few weeks to make new highs.
The 2 day implied vol on the DeVol platform is currently lower than on other platforms, which means buying options is cheaper than it should be.
Given this info, and the fact that BTC could still break out with conviction at any moment, they decide to execute a long butterfly spread that expires on 03/10.
🔴 2024-03-10, PUT, 66,425
🟢 2024-03-10, PUT, 68,792
🟢 2024-03-10, CALL, 68,792
🔴 2024-03-10, CALL, 70,931
Max profit is below 66,426 & above 70,931
Breakeven is 67,410 & 70,175
Max loss is 68,792
#DeFi, #OptionsTrading, #NFA
YouTube
Bitcoin is knocking on new all time highs! When will it breakout?
The team studies the BTC price charts and vol surface in order to execute a short duration, multi-leg option trade that seeks to take advantage of the volatility.
None of the content in this video should be considered financial advice. As always, do your…
None of the content in this video should be considered financial advice. As always, do your…
The battle between the #Bitcoin bulls & bears is raging! 📉📈🥊
On the weekly chart, the 69K resistance level is holding so far.
If you think BTC will stay range bound between 66K & 70K within the next two days, you could express this opinion on DeVol by creating a multi-leg option strategy called an iron condor.
🟢 2024-03-17, PUT, 65,941
🔴 2024-03-17, PUT, 66,384
🔴 2024-03-17, CALL, 69,565
🟢 2024-03-17, CALL, 70,032
Max gain > 66,384 & < 69,566
Breakeven = 66,204 & 69,747
Max loss < 65,942 & > 70,032
#DeFi, #Options, #NFA
On the weekly chart, the 69K resistance level is holding so far.
If you think BTC will stay range bound between 66K & 70K within the next two days, you could express this opinion on DeVol by creating a multi-leg option strategy called an iron condor.
🟢 2024-03-17, PUT, 65,941
🔴 2024-03-17, PUT, 66,384
🔴 2024-03-17, CALL, 69,565
🟢 2024-03-17, CALL, 70,032
Max gain > 66,384 & < 69,566
Breakeven = 66,204 & 69,747
Max loss < 65,942 & > 70,032
#DeFi, #Options, #NFA
Devol
DeVol: Sign up now and experience the difference
Low-cost, lightning-fast, and fully collateralized solutions for cryptocurrency options trading and liquidity provision.
Over the past 6 days, 68,200 has acted as resistance for #Bitcoin, with support at 62,000.
BTC is currently trading in the middle of this range.
If you think BTC will stay roughly where it is over the next 2 days, you could sell an iron butterfly on DeVol.
This multi-leg strategy will allow you to express a specific market opinion (that BTC will stay range bound), & allow you to define your risk before executing the trade.
🟢 2024-03-23, PUT, 62,474
🔴 2024-03-23, PUT, 65,211
🔴 2024-03-23, CALL, 65,211
🟢 2024-03-23, CALL, 68,066
Max gain = 65,211
Breakeven = 63,596 & 66,828
Max loss < 62,475 & > 68,066
#DeFi, #Options, #NFA
BTC is currently trading in the middle of this range.
If you think BTC will stay roughly where it is over the next 2 days, you could sell an iron butterfly on DeVol.
This multi-leg strategy will allow you to express a specific market opinion (that BTC will stay range bound), & allow you to define your risk before executing the trade.
🟢 2024-03-23, PUT, 62,474
🔴 2024-03-23, PUT, 65,211
🔴 2024-03-23, CALL, 65,211
🟢 2024-03-23, CALL, 68,066
Max gain = 65,211
Breakeven = 63,596 & 66,828
Max loss < 62,475 & > 68,066
#DeFi, #Options, #NFA
#Bitcoin moves up! 📈
But, it’s still trading in a range with support at 60,900 and resistance at 73,800.
If you think momentum will carry the price higher over the next two days, you could use options to buy a call spread on DeVol.
Buying a spread lowers the cost of the premium you’ll pay, and it allows you to better define your risk before executing the trade. 🤌
🟢 2024-03-27, CALL, 70,486
🔴 2024-03-27, CALL, 71,119
Max gain > 71,119
Breakeven = 70,801
Max loss < 70,487
#DeFi, #Options, #NFA
But, it’s still trading in a range with support at 60,900 and resistance at 73,800.
If you think momentum will carry the price higher over the next two days, you could use options to buy a call spread on DeVol.
Buying a spread lowers the cost of the premium you’ll pay, and it allows you to better define your risk before executing the trade. 🤌
🟢 2024-03-27, CALL, 70,486
🔴 2024-03-27, CALL, 71,119
Max gain > 71,119
Breakeven = 70,801
Max loss < 70,487
#DeFi, #Options, #NFA
Both #Bitcoin and #Solana are trading near the top of their respective ranges.
On the new episode of Crypto Options Action, we explore reasons behind Solana and Bitcoin’s price surge this year. We also look at the charts for clues as to where these assets are heading next.
And we explore a new tool on the DeVol platform that lets users quickly express a specific market opinion via multi-leg options.
#DeFi, #OptionsTrading, #NFA
On the new episode of Crypto Options Action, we explore reasons behind Solana and Bitcoin’s price surge this year. We also look at the charts for clues as to where these assets are heading next.
And we explore a new tool on the DeVol platform that lets users quickly express a specific market opinion via multi-leg options.
#DeFi, #OptionsTrading, #NFA
YouTube
Solana & Bitcoin trade sideways. Is a new breakout coming?
The team looks at the price of SOL and the memecoin frenzy that's likely to push it higher. They also explore a new tool on the DeVol platform that helps users quickly express a specific market opinion via multi-leg options.
None of the content in this video…
None of the content in this video…
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Do you have a specific #Bitcoin market opinion you’d like to express, but aren’t sure how to do it?
With the EZ Build window, DeVol will automatically create a multi-leg #options trade based on a market environment of your choosing:
📈 Up Market
📉 Down Market
↔️ Sideways Market
You can also use sliders to adjust the payoff diagram, & increase or decrease the quantity. 🤌
With the EZ Build window, DeVol will automatically create a multi-leg #options trade based on a market environment of your choosing:
📈 Up Market
📉 Down Market
↔️ Sideways Market
You can also use sliders to adjust the payoff diagram, & increase or decrease the quantity. 🤌
What is the EZ Build window?
It’s a tool on DeVol that allows you to automatically express a specific market opinion.
For example, if you think #Bitcoin will continue to trade sideways, you could express this view in three simple steps:
1) Select Range in the EZ Build window
2) Adjust the left sliders to select the Strikes you think the price will land in by expiration
3) Adjust the right slider to select the Quantity
Thanks to EZ Build, you’ll learn how to manually build multi-leg #options and trade like a pro. 🤌
It’s a tool on DeVol that allows you to automatically express a specific market opinion.
For example, if you think #Bitcoin will continue to trade sideways, you could express this view in three simple steps:
1) Select Range in the EZ Build window
2) Adjust the left sliders to select the Strikes you think the price will land in by expiration
3) Adjust the right slider to select the Quantity
Thanks to EZ Build, you’ll learn how to manually build multi-leg #options and trade like a pro. 🤌
#Bitcoin has been trading in a range between 61K and 73.8K for over a month.
However, the short term momentum over the past two days is up. 📈
If you think BTC will continue moving higher over the short term, you could buy a call spread on DeVol that expires in 2 days.
With a call spread, if you’re wrong about the trade, the max you can lose is less than if you bought a single call.
🟢 2024-04-06, CALL, 68,434
🔴 2024-04-06, CALL, 68,957
Max gain > 68,957
Breakeven = 68,647
Max loss < 68,435
#DeFi, #Options, #NFA
However, the short term momentum over the past two days is up. 📈
If you think BTC will continue moving higher over the short term, you could buy a call spread on DeVol that expires in 2 days.
With a call spread, if you’re wrong about the trade, the max you can lose is less than if you bought a single call.
🟢 2024-04-06, CALL, 68,434
🔴 2024-04-06, CALL, 68,957
Max gain > 68,957
Breakeven = 68,647
Max loss < 68,435
#DeFi, #Options, #NFA
#Bitcoin stays range bound! 📉📈
On the new episode of Crypto Options Action, Jordan & J.C. study the price charts & vol surface in order to build a new options trade.
The BTC 2-day at-the-money IV is 42, which is very low. This means the cost for buying puts & calls is cheap.
Based on this information, the team decides to execute a short butterfly spread on DeVol that expires 04/07. If the price of BTC moves up or down by a little over $1,000 by expiration in less than 2 days, the trade will be profitable.
🔴 2024-04-07, PUT, 65,770
🟢 2024-04-07, PUT, 67,459
🟢 2024-04-07, CALL, 67,459
🔴 2024-04-07, CALL, 69,192
Max profit is below 65,771 & above 69,192
Breakeven is 66,385 & 68,535
Max loss is 67,460
#DeFi, #OptionsTrading, #NFA
On the new episode of Crypto Options Action, Jordan & J.C. study the price charts & vol surface in order to build a new options trade.
The BTC 2-day at-the-money IV is 42, which is very low. This means the cost for buying puts & calls is cheap.
Based on this information, the team decides to execute a short butterfly spread on DeVol that expires 04/07. If the price of BTC moves up or down by a little over $1,000 by expiration in less than 2 days, the trade will be profitable.
🔴 2024-04-07, PUT, 65,770
🟢 2024-04-07, PUT, 67,459
🟢 2024-04-07, CALL, 67,459
🔴 2024-04-07, CALL, 69,192
Max profit is below 65,771 & above 69,192
Breakeven is 66,385 & 68,535
Max loss is 67,460
#DeFi, #OptionsTrading, #NFA
Devol
DeVol: Sign up now and experience the difference
Low-cost, lightning-fast, and fully collateralized solutions for cryptocurrency options trading and liquidity provision.
Less than 10 days until the #Bitcoin halving. ⏳
An analysis on the tailwinds behind BTC & the path forward for #Solana. 👇
https://decentralparkcapital.substack.com/p/the-weekly-277
An analysis on the tailwinds behind BTC & the path forward for #Solana. 👇
https://decentralparkcapital.substack.com/p/the-weekly-277
Decentral Park Research
The Weekly 277
The Market 14 days until the Bitcoin Halving. The Fixed Range Volume Profile since BTC broke out of the $52k range to its new ATH in late February has centered around $68k, a level similar to the previous ATH reached in November 2021. BTC is entering a price…
#Bitcoin is approaching the top of the sideways channel it’s been in for weeks.
Will it break out to new all time highs over the next few days, or will a move higher again be rejected? 📉📈
If you think BTC will fall, but you’re not sure how to express this opinion with options, DeVol has you covered.
Select “Lower” in the EZ Build window & DeVol will automatically build a low-cost options strategy that expresses your market view. 🤌
Will it break out to new all time highs over the next few days, or will a move higher again be rejected? 📉📈
If you think BTC will fall, but you’re not sure how to express this opinion with options, DeVol has you covered.
Select “Lower” in the EZ Build window & DeVol will automatically build a low-cost options strategy that expresses your market view. 🤌
Devol
DeVol: Sign up now and experience the difference
Low-cost, lightning-fast, and fully collateralized solutions for cryptocurrency options trading and liquidity provision.
The geopolitical events over the last few days have caused #Bitcoin historical volatility to spike in the near term. 1 day implied vol has also moved higher. 📈
This could be a good opportunity to sell vol, & collect a juicy premium, with a Short Iron Butterfly spread on DeVol.
If BTC stays between 61,975 and 65,321 by expiration in less than one day, the trade will be profitable.
🟢 2024-04-16, PUT, 60,929
🔴 2024-04-16, PUT, 63,648
🔴 2024-04-16, CALL, 63,648
🟢 2024-04-16, CALL, 66,487
Max profit is at 63,648
Breakeven is 61,975 & 65,321
Max loss is below 60,930 & above 66,488
#DeFi, #OptionsTrading, #NFA
This could be a good opportunity to sell vol, & collect a juicy premium, with a Short Iron Butterfly spread on DeVol.
If BTC stays between 61,975 and 65,321 by expiration in less than one day, the trade will be profitable.
🟢 2024-04-16, PUT, 60,929
🔴 2024-04-16, PUT, 63,648
🔴 2024-04-16, CALL, 63,648
🟢 2024-04-16, CALL, 66,487
Max profit is at 63,648
Breakeven is 61,975 & 65,321
Max loss is below 60,930 & above 66,488
#DeFi, #OptionsTrading, #NFA