DeVol Network
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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:

πŸ“ˆ Up Market
πŸ“‰ 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. 🀌
#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. πŸ“ˆ

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
πŸ”΄ 2024-04-06, CALL, 68,957

Max gain > 68,957
Breakeven = 68,647
Max loss < 68,435
#DeFi, #Options, #NFA
#Bitcoin stays range bound! πŸ“‰πŸ“ˆ

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.

πŸ”΄ 2024-04-07, PUT, 65,770
🟒 2024-04-07, PUT, 67,459
🟒 2024-04-07, CALL, 67,459
πŸ”΄ 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
#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? πŸ“‰πŸ“ˆ

If you think BTC will fall, but you’re not sure how to express this opinion with options, DeVol has you covered.

Select β€œLower” in the EZ Build window & DeVol will automatically build a low-cost options strategy that expresses your market view. 🀌
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. πŸ“ˆ

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
πŸ”΄ 2024-04-16, PUT, 63,648
πŸ”΄ 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