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  1. OUTLOOK 19APR25: From Heat to Hush

    As Bitcoin steadies above $80K, the options market enters a phase of cautious quiet. Volatility has cooled, skew has normalized, and both buyers and sellers appear anchored around key strike levels. With a major expiry on the horizon and tactical trades surfacing, this Outlook unpacks the sentiment shift, positioning patterns, and what may lie ahead.

  2. OUTLOOK 12APR25: Defensive Stance Meets Rising Hope

    Puts still dominate, but volatility is shifting. As Bitcoin rebounds and IV rises alongside price, the options market hints at a potential return of bullish momentum—while short-term traders remain defensively positioned.

  3. OUTLOOK 05APR25: Puts Rise as Fear Returns

    As volatility surges and puts gain ground, Bitcoin options traders are leaning into downside protection. From short-term hedges to strategic long-dated spreads, the market reveals a shift in tone — defensive, deliberate, and primed for turbulence.

  4. OUTLOOK 29MAR25: From Euphoria to Caution

    As Bitcoin retreats below all-time highs, the options market tells a deeper story—one of fading euphoria and rising caution. From a defensive build-up at the $80K strike to a spike in implied volatility and skew, this Outlook uncovers how traders are bracing for potential downside while selectively positioning for upside. Dive in for data-backed insights and a closer look at one standout strategy shaping market sentiment.

  5. OUTLOOK 15MAR25: Hedging Dominates as Bitcoin Faces $85K Risk

    Recent Bitcoin options activity reveals traders hedging against downside risk while capping upside expectations. With March 28 expiry approaching, positioning suggests a cautious stance on Bitcoin’s next move.

  6. Strategic Adaptation: Condor, Iron Condor, and Morphing

    In this blog, we explore the Condor and Iron Condor, two structured strategies designed for range-bound markets, and introduce Morphing, a powerful technique that transforms neutral trades into bullish or bearish positions with a simple adjustment.

  7. OUTLOOK 07MAR25: Bitcoin Options Wake-Up Call

    Implied volatility is surging back in the Bitcoin options market after a period of stagnation. The 7 March expiry settled near Max Pain, wiping out billions in notional value. Now, traders are positioning for the 14 and 28 March expiries, with a notable Put Calendar Spread signaling increased hedging amid rising uncertainty.

  8. Strategic Speculation: The Long Call Ladder

    A Long Call Ladder surfaced in our Market Screener, revealing a structured bet on Bitcoin’s price action. In this blog, we break down the strategy, simulate its risk-reward dynamics, and compare it to simpler alternatives. Is this a calculated cost-saving move or a high-risk gamble? Let’s dive in.

  9. OUTLOOK 21FEB25: A Market at Crossroads

    With volatility at record lows and max pain levels dictating recent expiries, traders are hedging cautiously for the short term while speculating on explosive moves ahead. Will Bitcoin break past $100K or face deeper corrections?

  10. Rolling the Straddle

    A straddle offers the potential for unlimited gains in either direction, but what happens when the price moves in your favor—only to reverse and erase your profits? In this blog, we explore a dynamic rolling strategy that helps traders lock in gains, reduce risk, and hedge against retracements. By systematically adjusting strike prices, we transform a static straddle into an adaptive strategy, ensuring that price moves work for you, not against you.

  11. OUTLOOK 11FEB25: Traders Play It Safe—For Now

    Bitcoin options traders are playing it safe—cautious in February, optimistic for March. With volatility at a low and funding rates neutral, the market stands at a crossroads. Will the calm hold, or is a storm brewing? Stay ahead with our latest Outlook.

  12. Bitcoin Options Features for Traditional Option Traders

    Bitcoin options are gaining traction, but how do they compare to traditional stock options? While the core mechanics remain similar, key differences—such as trading hours, settlement methods, and volatility—can impact your strategy. In this blog, we break down these distinctions to help stock options traders navigate the Bitcoin options market with confidence.

  13. OUTLOOK 31JAN25: Short Risk Reversal & Expiry Fallout

    In the final week of January, traders employed short risk reversals to hedge their Bitcoin exposure, signaling cautious optimism. The 31 Jan expiry settled near $104,500, disappointing many option buyers while highlighting options' role in risk management. As OI dipped post-expiry, positioning for February expiries is already underway.

  14. Managing ITM Covered Call

    Master the art of managing covered call strategies as we explore how to handle ITM scenarios effectively. From maximizing profits to rolling positions for extended gains, this blog delves into real-world examples using Bitcoin options to illustrate practical decision-making strategies. Whether you're seeking additional income or a hedging tool, discover the nuances of covered calls and their role in risk management.

  15. MARKET OUTLOOK 21JAN25: When Politics Meets Markets

    Explore how Bitcoin options traders navigated the turbulence surrounding President Trump's inauguration. From backwardation and implied volatility spikes to the evolving strategies and market sentiment, this blog delves into the key insights and market dynamics during a pivotal political event. A must-read for those tracking the interplay of crypto and global events!

  16. Navigating Deep ITM Options in Shallow Markets

    Deep in-the-money options can pose challenges, especially in shallow markets where liquidity is scarce. This blog explores a practical strategy to lock in profits and mitigate risks, using Bitcoin options as a real-world example.

  17. OUTLOOK 10JAN25: From January 10 Expiry to Political Uncertainty

    Explore the latest Bitcoin options market trends following the January 10 expiration. Dive into traders' strategies, from long straddles to bearish put spreads, as they prepare for heightened market activity tied to President Trump’s inauguration. Discover insights into volatility expectations and sentiment shifts in this comprehensive outlook.

  18. Gamma Hedge: How Market-Makers Hedge their positions?

    Discover how market-makers expertly hedge their risks using advanced Delta and Gamma hedging techniques. This blog takes you step-by-step through real-world simulations, showcasing how to stabilize positions and manage volatility like a pro.

  19. Marke Outlook 30DEC24: After the Storm

    The 27 December Bitcoin options expiry marked a historic moment, leaving behind a calmer market as traders shift their focus to the key expiries of 31 January and 28 March 2025. This blog explores the aftermath, market sentiment, and what lies ahead as a new U.S. president prepares to take office.

  20. What is Delta Hedging: A Comprehensive Visual Guide

    Explore the intricacies of delta hedging in options trading with our visual guide. Learn how it works, its limitations, and why it's crucial for managing risk in volatile markets.