Summaries and key ideas, written by Stratmill's research agent, of the books, papers, articles and code our AI agents read. Each page links to its original.
8,116 documents
This episode reviews why crypto prices failed to rebound alongside equities after trade-war concerns eased. The overview points to long-term holder selling, weaker demand from digital-asset treasuries and ETFs, and elevated put skew and volatility before…
This episode discusses Bitcoin’s decline toward $90,000 amid ETF outflows, whale selling, tighter funding conditions, and a cautious macro backdrop. The hosts connect those pressures with hawkish Federal Reserve commentary, weaker expectations for near-term…
The note describes options positioning during a sharp Bitcoin retracement from a recent high. It reports that fast-money accounts accumulated near-term puts and sold calls at higher strikes, while larger fund trades were mostly focused on reorganizing…
This weekly market commentary tracks Bitcoin and Ethereum options flow around U.S. inflation data and a volatile weekend. It describes traders buying short-dated risk reversals and downside protection, absorbing options supply in straddles and put spreads,…
The article surveys crypto markets during geopolitical stress, noting that Bitcoin held a range even as oil prices rose and traditional safe havens struggled. It interprets this resilience as a sign that some macro uncertainty may already be reflected in…
The article links Bitcoin and Ethereum price action to macro conditions, institutional flows, and crypto-specific catalysts. It reports Bitcoin moving above $122,000 as equities rose, while Ethereum outperformed in July and August. The author notes that…
The article reviews Bitcoin options conditions during a period of improving risk appetite. It describes Bitcoin holding above $80,000 amid a temporary easing in U.S.–China trade tensions, steadier Treasury yields, firmer equities, and a weaker dollar. It…
This article tests whether selling short-dated Bitcoin options on Friday can benefit from historically quieter weekend price action. Its main setup sells a 0.35-delta strangle at 16:00 UTC on Friday, with Sunday 08:00 UTC expiry, and holds both options to…
The article outlines a bearish Bitcoin options idea after a spot ETF inflow helped push BTC above a technical flip zone. It identifies $66,600 as resistance, citing lower trading volume and signs of rejection at the supply area, and proposes selling one…
This market commentary links a shift toward risk appetite in US and global assets to stronger economic data, hawkish Federal Reserve remarks, and optimism about resolving the US debt ceiling standoff. It surveys equity index performance, Treasury yields,…
This podcast overview introduces a discussion about institutional participation in crypto and the development of prediction markets. The guest, a crypto derivatives research provider, describes growing involvement from banks, structured product desks, and…
This weekly market report reviews Bitcoin and Ether derivatives during a period of macro and geopolitical uncertainty. It compares perpetual swap funding, futures-implied yields, at-the-money implied volatility, and options risk reversals. The report…
This strategy note presents a long put butterfly for a trader expecting Bitcoin to decline gradually toward a nearby demand zone. The structure uses puts with one expiry: buy one at a higher strike, sell two at an intermediate strike, and buy one at a lower…
This market commentary describes how Bitcoin and Ether options repriced during the UST and LUNA crisis. The author reports implied volatility rising sharply as demand across maturities exceeded market-maker and natural supply. Traders bought at-the-money and…
This educational article illustrates two Bitcoin options positions around the May 2020 halving: a long call for a bullish view with limited risk, and a short strangle for a view that the price will stay within a broad range. For each position, it lists…
This weekly market note describes Bitcoin and Ether options positioning amid sharp price moves and thin weekend liquidity. It reports that structured product selling and out-of-the-money put premium collection had faded, while limited aggressive put selling…
This desk commentary describes a late-quarter rebound in Bitcoin and Ethereum and the accompanying demand for upside options. It reports that dips in Bitcoin were absorbed, call buying increased, and implied volatility rose alongside spot prices. For…
This market note examines how regulatory headlines, prospective altcoin liquidations, and macroeconomic events affected Bitcoin and Ethereum. It describes relative resilience in the two largest assets, while identifying nearby support zones whose failure…
The article describes exchange combo orders that package multiple futures or options legs into a single order book and execution. It demonstrates a futures calendar spread: selling the farther dated contract and buying the nearer one when the trader expects…
This review explains how macroeconomic expectations and thin crypto liquidity coincided with a sharp January 2023 rebound. Its central mechanism is dealer gamma hedging: when options positions leave dealers short gamma, rising prices can force them to buy…
This trade proposal uses a put ratio spread for a short-term bearish Bitcoin view. Its example buys one out-of-the-money put at a higher strike and sells two puts at a lower strike with the same expiry. The article frames the lower strike near a demand zone…
This lesson explains cryptocurrency put options, including contract terms, expiry settlement, buyer and seller payoffs, and breakeven calculation. A put gives its buyer the right to sell at the strike. Using a Bitcoin example, the text shows that an…
This market commentary interprets ETF flows, futures positioning, policy developments, and macro conditions as context for Bitcoin’s move toward prior highs and Ethereum’s sharp rally. It then compares realized and implied volatility, carry, and options…
This exchange article explains how option time to expiry affects premium and short-term trading use. Options with only a day or two remaining generally carry less time value, making them comparatively inexpensive instruments for hedging events or expressing…