Options/OPEX: $10B crypto options expiry today, Cboe binary options, Bitget US stock options, weekly income strategies active; new edges from Bybit review, weekly options primer, BE overpriced, TSLA bear put spread, Kraken Europe expansion, META/MSFT/Apple/Amazon earnings options, Palantir cash-secured put, Binance gold/silver options, Lions weekly SPY bull put credit spread; SNDK volatility and collar hedging
Key Questions
What is the size of the upcoming crypto options expiry?
$1.75B in crypto options expire on Deribit, with $7.5B notional for BTC and $2.2B for ETH. Max pain sits at $62K.
Which platforms launched new options products recently?
Cboe introduced regulated binary options on XSP, while Bitget launched US stock options trading. 0DTE options now represent 48% of retail volume.
What is the significance of the $5B BTC call cluster?
A $5B open interest cluster has formed at $70K/$72K strikes with a 10:1 call/put ratio. Political risk unwinding may influence positioning.
What new options strategies or edges are being discussed?
Traders are buying iron condors during low volatility and using a 1 DTE ETH put-selling bot showing 23% annualized returns. SPX 7470 resistance short call spreads are highlighted as a case study.
What is Michael Burry's latest options activity?
Michael Burry doubled down on semiconductor shorts including MU and NVDA puts while maintaining positions in TSLA and PLTR.
How are Bitcoin options traders adjusting hedges ahead of the Fed?
Put/call ratio on open interest dropped to 0.52 as calls gain share and the IV curve inverts. Traders are reducing hedges into the meeting.
What contrarian perspective exists on the call cluster?
Prior expirations showed no price reaction, weak demand, neutral funding, and ETF outflows, suggesting the options wall may not drive a catalyst.
What does the Option Premium Weekly report highlight?
Energy IV surged 30 points, eight ETFs trade above 50% IVR, and Russell performance outpaces Nasdaq ahead of a compressed volatility event.
Today's $10B BTC/ETH options expiry on Deribit (put/call ratio 0.28, max pain near spot) — massive event-driven volatility. Cboe launches regulated binary options on XSP. Bitget launched US stock options trading. 0DTE hits record 48% of retail volume. New edges: 1 DTE ETH put-selling bot, iron condors, BE overpriced premium, Tesla bear put spread, Palantir cash-secured put, Binance gold/silver options, Lions weekly SPY bull put credit spread (expires Aug 7, 50% profit close, 2x loss limit). Weekly options primer added. New: SNDK volatility regime with 60% drop then 30% rally, collar hedging active, SPCX lockup risk — actionable for short-term options plays.