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  1. OUTLOOK 08JUN25: Shifting Sentiment Under Calm Volatility

    Despite record-low implied volatility, Bitcoin options positioning is shifting: from a failed risk reversal to growing downside hedges and strategic long calls. In this Outlook, we explore the market’s evolving sentiment, from the near-term 13 June expiry to long-dated bets — and spotlight two large block trades revealing diverging outlooks.

  2. OUTLOOK 31MAY25: Composure at the Top

    Despite five consecutive bullish expiries and a fresh ATH, the Bitcoin options market remains calm. In this Outlook, we explore what declining volatility, balanced positioning, and two distinct block trades reveal about trader sentiment heading into June.

  3. OUTLOOK 24MAY25: A Rally with One Foot on the Brake

    Bitcoin’s fourth straight expiry above max pain signals bullish resilience—but options traders aren’t fully convinced. With muted implied volatility, cautious hedging, and tactical structures like the $115K butterfly, this Outlook decodes a market walking the line between conviction and caution.

  4. OUTLOOK 17MAY25: Between Confidence and Concern

    As Bitcoin hovers above $100K, the options market tells a deeper story — fading volatility, cautious put buying, and tactical plays like bear spreads hint at growing short-term unease beneath a calm surface.

  5. OUTLOOK 11MAY25: Calm Markets, Bold Bets

    As Bitcoin breaks above $100,000, the options market tells a deeper story—one of restrained volatility, strategic positioning, and cautious optimism. This Outlook unpacks expiry outcomes, evolving open interest trends, subtle shifts in call-put skew, and how traders are quietly preparing for the weeks ahead. From near-term hedging to a bold Bull Call Ladder targeting $135K, discover what’s shaping sentiment beneath the surface.

  6. OUTLOOK 04MAY25: Waiting for Breakout

    Bitcoin hovers below $100K as options traders quietly reload. From gamma tension to bullish skew, the market is poised—just waiting for a breakout.

  7. OUTLOOK 25APR25: Bitcoin’s Options Landscape Shifts

    Bitcoin breaks above expectations, pushing call options into the money across key expiries. Implied volatility rises in tandem, hinting at a possible bullish shift. Explore how market sentiment, positioning, and strategy reveal the new landscape.

  8. 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.

  9. 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.

  10. 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.

  11. 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.

  12. 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.

  13. 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.

  14. 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.

  15. 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.

  16. 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?

  17. 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.

  18. 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.

  19. 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.

  20. 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.