Imagine MSaylor buying some (lol) ETF options and gamma-squeezing all option sellers who would then have to buy the underlying irrespective of price...almost.
The man does everything in bulk, lol.
BTW, on the heels of their oversized btc buy on Nov11-Nov17, they just initiated a $1.75 bil convertible notes raise.
https://www.microstrategy.com/press/microstrategy-announces-proposed-private-offering-of-1-75b-of-convertible-senior-notes_11-18-2024
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 221. (Read 26710923 times)
November 18, 2024, 07:36:12 PM
November 18, 2024, 07:34:29 PM
Hey guys, how do you see this?
Trump set to hold private meeting with Coinbase CEO
Source: https://cryptobriefing.com/trump-and-crypto-coinbase-meeting/
I know that Trump is also interested in buying an exchange called Bakkt, I don't know, but this looks promising, I imagine that the tycoon will also want to have his good personal BTC reserves, I don't blame him, I think anyone would do it.
If all this brings positive effects for BTC, then welcome, the price will continue to rise with all these things , without a doubt the power often makes shortcuts to what could take a few years to achieve such adoption.
Trump set to hold private meeting with Coinbase CEO
Quote
Donald Trump is set to meet with Coinbase CEO Brian Armstrong today to discuss potential appointments for his upcoming administration, according to a report by the Wall Street Journal.
This marks the first meeting between the two since Trump’s election victory and signals the president-elect’s evolving stance on crypto.
At a Bitcoin conference earlier this year, Trump pledged to establish a Bitcoin and crypto presidential advisory council focused on creating clear regulatory guidance if elected.
This marks the first meeting between the two since Trump’s election victory and signals the president-elect’s evolving stance on crypto.
At a Bitcoin conference earlier this year, Trump pledged to establish a Bitcoin and crypto presidential advisory council focused on creating clear regulatory guidance if elected.
Source: https://cryptobriefing.com/trump-and-crypto-coinbase-meeting/
I know that Trump is also interested in buying an exchange called Bakkt, I don't know, but this looks promising, I imagine that the tycoon will also want to have his good personal BTC reserves, I don't blame him, I think anyone would do it.
If all this brings positive effects for BTC, then welcome, the price will continue to rise with all these things , without a doubt the power often makes shortcuts to what could take a few years to achieve such adoption.
This may be the worst news I have seen all day. I should sell all my bitcoin and "invest" the $$ in the 100 shitcoins I recognize the least.
Damnit.
November 18, 2024, 07:01:15 PM
November 18, 2024, 06:40:34 PM
You’re talking about selling call options on Bitcoin as we enter probably the most bullish year ever? I sell covered calls on my stocks, but my goal is for them to expire worthless. I think I’m going to be taking a long look at the prices when they go live and may consider buying a massive amount of calls at around $250K with a December 25 expiry. If we end up $300K+ they would be worth a fortune.
December 2024 or 2025? In the latter case, the premium's going to be crazy.
November 18, 2024, 06:35:49 PM
Thanks for your reply fillippone. I think this topic (btc-(etf)-based options) is important and will become hotter and hotter for hodlers now that they're being negotiated at the NYSE.
With "delta" you mean the premium - nothing related to the option (Greek) Delta?
Selling a call option with strike at 100K allows you to cash in the price,
You mean the premium? Or the current price (supposedly less than 100k if the option is out-of-the-money) plus the premium?Quote
and not being exposed to a loss until the BTC price crosses 100K before expiration.
I think these are EU-style options - exercise possible only at expiry? But I'm not sure.Quote
In addition to that, selling a call, you buy futures.
This is where I get confused. According to this playbook, am I supposed to buy futures with the proceedings of selling the option? That would be the premium only (see my first question) - right?Quote
So, if the BTC expires at 100K you:
1 Sold the option and cashed in the premium
2. Do not pay anything to the option buyer
I thought it would be like - The clearing house gives me 100K and I give them one coin. So the option buyer can have their bitcoin at 100k as promised.1 Sold the option and cashed in the premium
2. Do not pay anything to the option buyer
Quote
3. Gain the P&L from the delta you bought at the initial price.
With "delta" you mean the premium - nothing related to the option (Greek) Delta?
November 18, 2024, 06:30:04 PM
Rumors are that options trading will go live tomorrow or Wednesday for the ETFs. Is anybody here planning on going full ape on some 1-year call options? I'll admit that I've taken a look at MSTR options in the past but the cost to trade them is crazy. I wonder if it will be realistic to take a bet for the December expiry options without having to spend five figures to do it... While I'm sure there will also be folks who think this is a top and will trade options accordingly, I think this has the potential to make a significant impact on the price of BTC.
It should be a matter of days, if not hours.
Quote
Apparently, calls on debit have flattened out a little bit as punters are selling 100K.
So expect ETF options trading accordingly.
Remember that selling a call with Delta is a bullish positioning targeting an expiry toward 100K!
So expect ETF options trading accordingly.
Remember that selling a call with Delta is a bullish positioning targeting an expiry toward 100K!
Care to elaborate for us mere mortals?
First, an option primer:
Everything you wanted to know about BTC options but were afraid to ask!
Selling a call option with strike at 100K allows you to cash in the price, and not being exposed to a loss until the BTC price crosses 100K before expiration.
In addition to that, selling a call, you buy futures.
So, if the BTC expires at 100K you:
1 Sold the option and cashed in the premium
2. Do not pay anything to the option buyer
3. Gain the P&L from the delta you bought at the initial price.
You’re talking about selling call options on Bitcoin as we enter probably the most bullish year ever? I sell covered calls on my stocks, but my goal is for them to expire worthless. I think I’m going to be taking a long look at the prices when they go live and may consider buying a massive amount of calls at around $250K with a December 25 expiry. If we end up $300K+ they would be worth a fortune.
November 18, 2024, 06:16:53 PM
Rumors are that options trading will go live tomorrow or Wednesday for the ETFs. Is anybody here planning on going full ape on some 1-year call options? I'll admit that I've taken a look at MSTR options in the past but the cost to trade them is crazy. I wonder if it will be realistic to take a bet for the December expiry options without having to spend five figures to do it... While I'm sure there will also be folks who think this is a top and will trade options accordingly, I think this has the potential to make a significant impact on the price of BTC.
It should be a matter of days, if not hours.
Quote
Apparently, calls on debit have flattened out a little bit as punters are selling 100K.
So expect ETF options trading accordingly.
Remember that selling a call with Delta is a bullish positioning targeting an expiry toward 100K!
So expect ETF options trading accordingly.
Remember that selling a call with Delta is a bullish positioning targeting an expiry toward 100K!
Care to elaborate for us mere mortals?
First, an option primer:
Everything you wanted to know about BTC options but were afraid to ask!
Selling a call option with strike at 100K allows you to cash in the price, and not being exposed to a loss until the BTC price crosses 100K before expiration.
In addition to that, selling a call, you buy futures.
So, if the BTC expires at 100K you:
1 Sold the option and cashed in the premium
2. Do not pay anything to the option buyer
3. Gain the P&L from the delta you bought at the initial price.
November 18, 2024, 06:13:37 PM
Rumors are that options trading will go live tomorrow or Wednesday for the ETFs. Is anybody here planning on going full ape on some 1-year call options? I'll admit that I've taken a look at MSTR options in the past but the cost to trade them is crazy. I wonder if it will be realistic to take a bet for the December expiry options without having to spend five figures to do it... While I'm sure there will also be folks who think this is a top and will trade options accordingly, I think this has the potential to make a significant impact on the price of BTC.
It should be a matter of days, if not hours.
Quote
Apparently, calls on debit have flattened out a little bit as punters are selling 100K.
So expect ETF options trading accordingly.
Remember that selling a call with Delta is a bullish positioning targeting an expiry toward 100K!
So expect ETF options trading accordingly.
Remember that selling a call with Delta is a bullish positioning targeting an expiry toward 100K!
Care to elaborate for us mere mortals?
November 18, 2024, 06:05:15 PM
Rumors are that options trading will go live tomorrow or Wednesday for the ETFs. Is anybody here planning on going full ape on some 1-year call options? I'll admit that I've taken a look at MSTR options in the past but the cost to trade them is crazy. I wonder if it will be realistic to take a bet for the December expiry options without having to spend five figures to do it... While I'm sure there will also be folks who think this is a top and will trade options accordingly, I think this has the potential to make a significant impact on the price of BTC.
It should be a matter of days, if not hours.
Apparently, calls on debit have flattened out a little bit as punters are selling 100K.
So expect ETF options trading accordingly.
Remember that selling a call with Delta is a bullish positioning targeting an expiry toward 100K!
November 18, 2024, 06:01:13 PM
November 18, 2024, 05:56:49 PM
November 18, 2024, 05:45:47 PM
Thats why gains have slowed down by an order of magnitude.
That might also be due to the fact that the market is larger by an order of magnitude or more now, so it takes proportionally more money to move it. It's right that the price is made at the margin, but the margin, too, is orders of magnitude larger.
The two are not necessarily mutually exclusive.
November 18, 2024, 05:27:10 PM
Hey guys, how do you see this?
Trump set to hold private meeting with Coinbase CEO
Source: https://cryptobriefing.com/trump-and-crypto-coinbase-meeting/
I know that Trump is also interested in buying an exchange called Bakkt, I don't know, but this looks promising, I imagine that the tycoon will also want to have his good personal BTC reserves, I don't blame him, I think anyone would do it.
If all this brings positive effects for BTC, then welcome, the price will continue to rise with all these things , without a doubt the power often makes shortcuts to what could take a few years to achieve such adoption.
Trump set to hold private meeting with Coinbase CEO
Quote
Donald Trump is set to meet with Coinbase CEO Brian Armstrong today to discuss potential appointments for his upcoming administration, according to a report by the Wall Street Journal.
This marks the first meeting between the two since Trump’s election victory and signals the president-elect’s evolving stance on crypto.
At a Bitcoin conference earlier this year, Trump pledged to establish a Bitcoin and crypto presidential advisory council focused on creating clear regulatory guidance if elected.
This marks the first meeting between the two since Trump’s election victory and signals the president-elect’s evolving stance on crypto.
At a Bitcoin conference earlier this year, Trump pledged to establish a Bitcoin and crypto presidential advisory council focused on creating clear regulatory guidance if elected.
Source: https://cryptobriefing.com/trump-and-crypto-coinbase-meeting/
I know that Trump is also interested in buying an exchange called Bakkt, I don't know, but this looks promising, I imagine that the tycoon will also want to have his good personal BTC reserves, I don't blame him, I think anyone would do it.
If all this brings positive effects for BTC, then welcome, the price will continue to rise with all these things , without a doubt the power often makes shortcuts to what could take a few years to achieve such adoption.
November 18, 2024, 05:08:21 PM
Rumors are that options trading will go live tomorrow or Wednesday for the ETFs. Is anybody here planning on going full ape on some 1-year call options? I'll admit that I've taken a look at MSTR options in the past but the cost to trade them is crazy. I wonder if it will be realistic to take a bet for the December expiry options without having to spend five figures to do it... While I'm sure there will also be folks who think this is a top and will trade options accordingly, I think this has the potential to make a significant impact on the price of BTC.
November 18, 2024, 05:01:12 PM
November 18, 2024, 04:56:27 PM
Just remember that you chose Bljatcoin and that the events to come are a direct consequence of your choices.
Ya fkin greedy clowns
November 18, 2024, 04:43:07 PM
November 18, 2024, 04:26:10 PM
Almost exactly 10 years ago... I watched the price of Bitcoin go up to over $1000. I was camping over the US Thanksgiving with my family.
Today? Bitcoin doing 2-3k swings like it's nothing.
Today? Bitcoin doing 2-3k swings like it's nothing.
and today's big walls consist of 200 coins
November 18, 2024, 04:25:33 PM
Quote
https://x.com/AP_Abacus/status/1858598010235596964
Andrew (@AP_Abacus) on X
UPDATE: confirmed @BlackRock $IBIT options to begin trading tmrw.
• liquidity, liquidity, liquidity.
• this is effectively four months early.
• notice it is $IBIT first.
Andrew (@AP_Abacus) on X
UPDATE: confirmed @BlackRock $IBIT options to begin trading tmrw.
• liquidity, liquidity, liquidity.
• this is effectively four months early.
• notice it is $IBIT first.
Options are a double edged sword. I can think of a few points.
PROS
- Liquidity, liquidity, liquidity
- More appeal for institutions
- An instrument for living off one stash without selling (save some "unfortunate" unforeseen bullish run). Just sell out-of-the-money calls and pocket the premium. If it goes too much up... well you'll have to give up your precious at the strike price of the option you wrote, rather than at the higher market price at the time of expiry.
CONS
- More appeal for deep pocket sharks, who will have a relatively cheap manipulation tool. Cheaper than futures anyway.
- It makes btc less and less of a hodler centric asset, but this is already happening, so maybe it's just me.
I think he forgot the biggest con, dilutes built in scarcity.
How do options dilute the scarcity more than other derivatives such as, say, futures/perps?
Thats why gains have slowed down by an order of magnitude.
That might also be due to the fact that the market is larger by an order of magnitude or more now, so it takes proportionally more money to move it. It's right that the price is made at the margin, but the margin, too, is orders of magnitude larger.
November 18, 2024, 04:21:38 PM
Almost exactly 10 years ago... I watched the price of Bitcoin go up to over $1000. I was camping over the US Thanksgiving with my family.
Today? Bitcoin doing 2-3k swings like it's nothing.
Today? Bitcoin doing 2-3k swings like it's nothing.
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