If you have been reading my morning reports over the last few months, then you would most likely presume today was going to be a follow up to my Thursday report titled Constantinople — Round 2. If you have not had a chance to read it, please click to the link above to quickly review.
Now that you have refreshed your memory, let’s review the facts. Here is the performance of all major cryptos over the last week:
As you can see above, one of the top performers in the asset class during this weekend’s move was ETH. nly 5 days ago, we suggested “buying At-The Money Calls would be your best options strategy here.”
The ETH H (3/29/19) $125 Calls were roughly $12. Today they are worth about $28. That is a 133% ROI on the options purchase vs. an outright purchase of the coin for a ~23% gain. This is a prime example of how buying GAMMA can give high leverage exposure to traders for a low-cost premium. I hope there was somebody out there who listened….
Below is an updated ETH option run.
Finally, we have renewed interest in GRIN spot and options. If you have an axe on price or desire to make markets for us in these products, please reach out.