With the big quarterly delivery and
15BN
of options pending, market participants are ramping up to move their positions, with BTC calls continuing to be the absolute workhorse of the move.
Today's Block trades were dominated by 6-8Bps sfm, with dozens of Bps sfm not uncommon, a rare good time for finely pricing.
As the market has continued to be highly volatile, the major term high IVs has continued to make selling options cost-effective at this time, with even June and September both showing good opportunities to sell trades.
Adam continues to believe that a significant decline in IV is certain to occur by the end of this week and sellers could soon realise profits.
Today's Block trades were dominated by 6-8Bps sfm, with dozens of Bps sfm not uncommon, a rare good time for finely pricing.
As the market has continued to be highly volatile, the major term high IVs has continued to make selling options cost-effective at this time, with even June and September both showing good opportunities to sell trades.
Adam continues to believe that a significant decline in IV is certain to occur by the end of this week and sellers could soon realise profits.