#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

#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

#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 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

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

#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

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. 🤌

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. 🤌