Thalex
@ThalexGlobal
Followers
2K
Following
8K
Media
289
Statuses
1K
Trade futures, options & combos https://t.co/hVLtWQBzr2 Services may not be available to all clients in all jurisdictions TG https://t.co/3SSzeDYXx9
Joined December 2020
What's the expected move?. The straddle tells you directly what is priced in by options. The blue lines show this for Aug 1st. Agree or disagree?. Such is the starting point of trading volatility.
2
2
36
The gift of long gamma is that you can trade the perpetual position accordingly. You can:.• Leave limit buy orders at range lows.• Leave limit sell orders at range highs.• Either side rebalances the net delta. Then, as you build confidence in the upside break, you can scale.
2
1
21
Yesterday, our BTC perp paid $140 in funding. To put that in perspective: if you bought the BTC 120K weekly call and sold a perpetual to hedge, funding paid for theta. But that’s not all. You were long gamma.
1
0
18
As a perpetual trader, chop is your worst enemy. Now add a long call option to the mix. Chop will suddenly turn into a good friend. Want a concrete example?.
4
4
51
Spot-vol correlation is dead on higher time frames. It remains interesting to look at on lower time frames. BTC-01AUG25-120000-C on the 15m resolution. Notice IV adapting to several 120K rejections?
0
0
12
A very large $BTC DEC25 Call Spread hit the deribit tape last Friday (>$23M premium). What was the trade?. They bought the 140K strike, and sold the 200K strike. Like with any call spread, the idea is to save premium by capping upside, while making use of the volatility smile
6
2
30
Early draft of gridbots:.• Draggable range & orders.• Orders adapt relative to price.• Option to put stops at the edges. We're not that far from shipping. Just needs better UI & testing. Gridbots will have two special use cases:.(1) Gamma scalp long vol positions (e.g.
2
1
25
Be careful to be tempted into a time spread. Vol in 25JUL25 looks expensive so you might think it's a good idea to sell that and hedge by buying an August expiry. This is a complicated trade. As you approach expiry, δ goes binary. Price moving will change the delta of the.
1
2
23
The takeaway is straightforward:. Be careful bidding 25JUL25. Sanity check R/R and break-even prices to make sure the premium looks reasonable given your directional view. What not to take away?.
1
0
18
gm gm ☕️. ETH vol was alive & well this weekend. Term structure inverted. What's the takeaway?
2
0
32
RT @minus1_12: ETH vol coming alive a little on this move. That said, this is low spot-vol correlation. We did 2.4 to 3.7K and vol basica….
0
6
0
Looking at a chart like this, it's tempting to jump to a narrative: "Put vols spike as traders believe. ". Think simply first. Price went up above 120K:.• OTM calls went closer to ATM.• OTM puts went further OTM. Recall that IV exhibits a volatility smile. IV is lowest at.
Junior options trader question. Focus on $BTC going over 120K:.• Call marks were flat.• Put marks popped. Can you explain why?
1
4
37
We've got the camel's back and want to give the PEPOLS what they want. Gambol responsibly 🙏.
since some of u like to gambol on lever instead of onchain we thot it wuld b gud to get u hooked up to it. fyi if u have a bitfinex acount u can use same credentials to login.jsut mek sure u use code PEPOLS for le free moneh. thenk you @ThalexGlobal chads. YALLA LFG!!!1!!
5
5
37
Free chips are the best incentive to learn options. Follow @FoftyPawlow for options alpha + free collateral when you sign up.
Striked a deal with Thalex, gave a bunch of people $500 that have never traded options before, shilled them ETH calls a day later, profit
3
0
20
Above we showed 25 JUL, which is a nearby expiry. For reference, here is the same chart for 29 AUG.
0
0
10
Junior options trader question. Focus on $BTC going over 120K:.• Call marks were flat.• Put marks popped. Can you explain why?
6
1
26