Weekend Note
QCP Capital2024/06/08 07:46
By:Sue Ann Sim
- Vols have been absolutely crushed after ETH spot ETF approval this week in spite of prevailing catalysts:
1. Bearish BTC – potential supply from Mt. Gox distribution (~$9.6b) and also from DMM hack (~$305m)
2. Bullish ETH – ETH spot ETFs could start trading earlier than expected in June with the SEC urging applicants to submit S-1 forms by 31 May - A sleepy market may get caught offside and our bet is on the bullish side, particularly for ETH.
Trade Ideas:
ETH Sep KIKOs (Knock-In, Knock-Out)
Sell 3000 Put w 2500 Knock-in (protection)
Buy 4500 Call w 6200 Knock-out
Cost: ZERO
Max payout: 175% pa or $1,700 USD per ETH if spot expires just below 6200)
Downside: At expiry, if spot is below 2,500, you buy ETH at 3,000.
(Spot ref: 3780 )
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!
You may also like
Asia Color
QCP Capital•2024/12/19 01:11
Asia Color
QCP Capital•2024/12/18 07:44
Asia Color
QCP Capital•2024/12/11 19:00
Asia Color
QCP Capital•2024/12/06 03:22
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$89,462.34
-6.54%
Ethereum
ETH
$2,408.32
-10.53%
Tether USDt
USDT
$0.9998
-0.05%
XRP
XRP
$2.19
-11.35%
BNB
BNB
$606.57
-5.46%
Solana
SOL
$137.85
-13.37%
USDC
USDC
$0.9999
-0.01%
Dogecoin
DOGE
$0.2053
-11.01%
Cardano
ADA
$0.6623
-9.90%
TRON
TRX
$0.2309
-6.39%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now