1) Israel launch on Iran briefly shocked risk markets. Most clambered back; only Oil resisting based on Iran's real disruption potential. BTC hedges from Funds and downside plays from Fast money dominated, targetting 100k strikes. The former funded via Call selling, latter naked.

BTC Realized Volatility approaching historical lows. BTC Dvol nudges below 40% MM who bought the large July structure last week feeling the weight of the albatross. ETH dealer short gamma crowded. Marty planning to leave again and trade Oil options.

We must find and focus group every buyer of CRCL and figure out how to convince them to buy our bags instead.

1) A continuation derisking/downside play of near-dated Put structure buying and Call selling ahead of the weekend and US bombing of nuclear facilities in Iran. Put Skew, as a consequence, has remained firm from flows, elevated at the front end. Dvol unchanged dismissing events.

GC eli12+ Strong Option protection added ahead of US strikes. Not a lot unwound as of yet. 90min open countdown.

As previously stated watch the oil markets. As always an excellent discord on 1000x. Jonah in his element with Oil market knowledge. First 10mins tldr: 'group chats are freaking out' - Avi ie CT exaggerates over the weekend. 'alot of tourists trading crypto on Iran headlines

Tsundoku - (Japanese) word for the act of buying books and letting them pile up without reading them. Is there a word that fits for the same principle for X bookmarks? Two weeks into an extended 10week family summer break, I am finding periods of time to read bookmarks that I

1) Treasury plays are the game. BTC may have stalled as an OG wallet supply soaks demand, but $23.7m spent on an EoY Dec 140-200k Call spread x3500 signals continuation. ETH active with ETF+treasury inflows, pushing recent Sep Fly and Call spreads ITM, Fast money Calls in play.

CT loves to attribute a Gamma squeeze to recent highs and a move >4k. The truth:

THE comprehensive crypto options forensics synopsis rare to receive this quality from even best sell sides blessed and free gg

1/ @Pear_Protocol, a market-neutral, relative-value trading platform, has strategically pivoted to integrate with HyperCore. We break down its recent funding round, potential tokenomics shift, volumes, and valuations:

1) Tale of two flows. BTC OG 80k overhang a catalyst to ~110k Put hedging. On Glxy execution some fever as 115k breached. But another entity doubled-up with an extra $25m Dec 140-200k Call spread. On ETH the large Sep Call fly was TPd for 50% profit. Aug+Sep Call spreads added.

Seen a great deal posted about the 'largest notional' Options block trade - Aug8th 110k Puts x5k bought earlier this week ($5m spent) - a generously executed institutional trade. Aside from the ubiquitous use of notional to 'promote' size - many larger absolute blocks have taken

shhh heaviest premium ever spent on a single crypto option trade nearly $50m the dec call spread not the teeny weeny puts guess mkt quiet because ct dont own zee bitcoin gg

When you see a trade today, and it triggers a memory of a trade a few months back. Then you check out how successful the entity was, and note carefully wtf he's doing now. ETH.

There’s a time to be bullish. There’s a time to be bearish. And yes - there are times it’s perfectly okay to be neutral and sit it out. Not every moment demands a directional bias. But some people can’t help themselves. They see the slightest pullback and spiral into “the top is

Its super clear to me that no one actually understands the $WLFI, $ALTS, $DOLO trade bc you idiots are letting your bias get in the way of making money. Im gonna break it down for you. There is a carefully engineered supply squeeze that will keep $WLFI extremely low float (a

In 2023, I had 50+ doors slammed in my face trying to raise for Pear Protocol. "Too niche. Nobody cares." Fast forward two years - crypto market structure has evolved. People still want to gamble, but they’re getting smarter about execution. Our focus is simple: nail one