Options / OPEX tactical playbook (Flyagonal, Iron Condor, 0DTE, Block Condor, NCIQ straddles, Hawk Spread)
Key Questions
What is the BTC/ETH Deribit expiry size?
$1.8-2.15B BTC/ETH options expiry on Deribit features neg gamma below $68K and downside IV crush with put bias. Whales turned bearish ahead of this event.
What options strategies are tactical for OPEX?
Strategies include Flyagonal, Iron Condor, 0DTE, Block Condor, NCIQ straddles, and Hawk Spreads for safer selling. These suit range-bound or IV crush scenarios on BTC/ETH/SOL.
What does Bybit options review indicate?
Bybit weekly shows range-bound BTC/ETH/SOL with theta sells at low F&G. BTC at $68,655 with -1.69% change.
Why are whales bearish on ETH options?
MEXC ETH calls face IV crush and PCR 0.54-0.72, with whales buying bearish puts on Phemex. Selling pressure rises as volatility falls.
What new CME futures are launching?
CME adds AVAX and SUI futures on May 4, expanding institutional access. Micro Ether futures calendar supports backtesting strategies.
What tail risks are highlighted?
Tail risks involve CME AVAX/SUI and options data warning major BTC downside. Bitcoin options price in drops below $66K.
How are traders like Maji positioning?
Trader Maji adjusts ETH positions amid volatility, rebuilding leveraged longs after pullbacks and adopting swing trades.
What safer BTC options strategy is recommended?
Hawk Spread replaces naked selling for BTC options, reducing risk. Strangles and ratio strategies also work in uncertainty.
$1.8-2.15B BTC/ETH Deribit expiry BTC neg gamma <68k/downside IV crush/put bias; Bybit weekly range-bound BTC/ETH/SOL theta sells low F&G; ETH calls MEXC IV crush PCR0.54-0.72 whales bearish puts Phemex; tail risks/CME AVAX/SUI arb futures launch May25.