BitOoda Morning Report 04/08/2021 — Volatility

  • Puts are starting to look attractive again as IV’s and put skew are weakening. We prefer September as the weakest put skew, but moderate exposure is attractive in the fronts as well. We do not recommend being short the call skew since IV’s are not (correction) high.
  • Initiate moderate exposure to April basis.
  • April skew/smile is fair with calls being slightly cheap.
  • June puts and calls are on the cheap side. With Gamma underperforming, we would lean Vega flat or slightly short in June. We like wings vs. straddles here.
  • September put skew is getting even more attractive. We prefer to be long puts on spreads to ATM. Maintain flat to short Vega due to realized vol underperforming.
  • Reduce exposure to basis.

A boutique digital asset investment bank focused on providing innovative and compliant capital markets solutions for institutional clients.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

BitClout Just Became the First NFT and Social Platform Rolled Into One

A man throws confetti in the air

What does the future of PPC management have to do with Data Science?

How To Stand Out In The B2B Crowd

The wallet may have had its day but the stamp card live on!

Behind the scene: Fantasy App, Waves of SexTech, the Hackathon & Sex Education

Pinterest SEO (Learn How To Sky Rocket Your Blog Traffic)

6 Priorities for Marketing Leaders to Help Drive Business Recovery

How to build a restaurant newsletter people actually want

Restaurant Newsletter Ideas — Bookmyorder free online ordering system

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
BitOoda

BitOoda

A boutique digital asset investment bank focused on providing innovative and compliant capital markets solutions for institutional clients.

More from Medium

Maker: The Central Bank of Decentralized Finance — A Breakdown

METRIXCOIN… A New Chapter

The Infinite Network

Is Bitcoin afraid of round numbers?