DeVol Network
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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:
πŸ”΄ 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.πŸ“‰πŸ“ˆ

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. πŸ›‘οΈ

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
#Bitcoin surges higher! πŸ“ˆ

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
#Bitcoin is closing in on new highs! πŸ“ˆ

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
πŸ”΄ 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? πŸ€”

In Nov/Dec of 2020 it took BTC 3 weeks to print a proper new high. πŸ“ˆ

In Jan/Feb of 2017 it took BTC 2 months to break out to new highs. β±οΈπŸ“ˆ

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
πŸ”΄ 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! πŸ“ˆ

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.

πŸ”΄ 2024-03-10, PUT, 66,425
🟒 2024-03-10, PUT, 68,792
🟒 2024-03-10, CALL, 68,792
πŸ”΄ 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
The battle between the #Bitcoin bulls & bears is raging! πŸ“‰πŸ“ˆπŸ₯Š

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
πŸ”΄ 2024-03-17, PUT, 66,384
πŸ”΄ 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
Join DeVol in the Polygon Discord for an education series that will demystify options and explore two unique features they provide:

β€’ The ability to express a specific market opinion
β€’ The ability to define your risk

Session 1 tomorrow
March 19 | 11am PST
https://discord.gg/0xpolygon?event=1218305183566532758
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
πŸ”΄ 2024-03-23, PUT, 65,211
πŸ”΄ 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! πŸ“ˆ

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
πŸ”΄ 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