/biz/ - Business & Finance

>>13465881
It either means a massive short squeeze is coming or someone knows something is coming that will tank the market.

It means tether up and buy back in next month.

yeah u shld probably start gearing down i guss

>>13465881
means the Tether fud is going to hit hard and fast when it is outed that tether is propping up the price and there is literally no money behind it. it'll be worse than mt gox.

>>13465901
So it will either go up or go down. Why the fuck do I still come here

>>13465951
At least it will not crab.

>>13465881
I think it means that as shorts are open they pay funding. If BTC doesn't move then a 50x short would get liquidated after 1 week just because it has to pay funding. Which will eat margin and slowly your liquidation price creeps down. So idk. Could mean a major squeeze is coming before going lower.

>>13465951
For the thots, memes, and lels

>>13465951
btc goes up EoW

su zhu is one of the realest niggas on twitter, one of my favorite follows.

>>13465995
just some math shit who gives a fuck
this gook needs to get a clue, arthur+co will swing the px so fucking hard one way then the opposite 15x ANYTHING will get BTFO
>"if BTC doesn't move"
get real dipshit

If it does go down. It will be very choppy. Shorts are pretty much forced to close with such a high funding. They can't keep it open to long. Anyway expect volatility to become high af. Maybe someone in options can play around with this. I would if I knew more about options to trade it.

I shorted ACB, a Canadian weed stock at a prop trading office, with a 100% borrow rate last July at about 8$cad closed it at 7$cad. It still fell way lower to 5.34$cad.

Short are gonna try to milk every dollar out of you hodler it's still going to get way uglier before it gets better.

>>13466028
I bought at 6, sold at 9, and then lost half of my gains trying to short it back down.

>>13466028
did it become more volatile than usual with those funding rates?

>>13466024
You could sell synthetic call if the put options aren't pricing the borrow rate, which you would notice by comparing the implied volatility between calls and puts.

>>13466067
yeah I know volatility is supposed to be a major factor in option pricing and profitability. But I just really don't understand what options to buy to actually turn a profit. Have done some research into it but I'm pretty busy trading anyway.

>>13466067
I can't really read them properly like I can with a chart.

It means the market will stay level for a month so the exchanges get all the liquidations brainlets.
Alt season time.

>>13466056
The volatility goes up as the stock goes down is what they kept telling me. Yes I'd say.
>>13466080
I couldn't find Bitcoin options accessible to retail traders 4-5 months ago. If you could link me up with an option book I could give you my input on it.

>>13466094
You look at the stock chart and you trade the options to capitalize on different patterns. It's a more powerful way to profit of a chart (and pretty much manipulate it to an extent since you can get a way bigger exposure this way).

>>13465881
doesn't it mean there will be fewer shorts?

>>13466136
https://www.deribit.com/main#/options

>>13466142
meant for >>13465901

>>13466145
Holy shit that's awesome.

>>13466142
Possibly, not necessarily. If BTC goes sideways though shorts are going to have to close as their margin gets eaten away. I had the same on BitMex not long ago. I was in a pretty big short relative to my trading size and although it was profitable I was sort of forced to close as I was paying 3% per 8 hours to keep it open. Wasn't worth the risk/reward anymore.

>>13466177
yeah the BitMex options are a literal scam. Fuck you Arthur. It's litterly rigged only for BitMex to profit. It's not worth the bother. There's only a fraction of probability of making a profit because of how they price that shit.

>>13466126
no, the people lending get theirs fees.
The exchanges take a cut sure, but it's the individual lenders who want people to keep their shorts open as long as possible.
It means people aren't willing to lend bitcoin to short so the demand exceeds supply.

>>13465930
You don't need to login here

The historical volatility is at its 2 week low which might be a good time to buy longer dated option.

It's "easy" to profit off barts if you buy a straddle (1puts 1call atm) and you hedge your delta every 12 hours. You would then have paid for your straddle through delta scalping.

Depending on if you have a view on the market and if you wanna hedge your position you could obviously sell calls while the bear continue and add to your core btc position with the profits.

>>13466197
It's priced through black and scholes usually. If you disagree with the price, sell the options naked or through a strategy where youre short vega such as a butterfly. Or market make with a slightly tighter spread and hedge your delta.

I actually have a market making option software I wrote. I'll backtest it on their API. Im hyped.

>>13465881
>rippled

subtle XRP shill

>>13466330
You can't be a seller on BitMex options. Not sure if I should even call them options. Only BitMex can sell.

What if I know that within the next hours BTC will go up/down what which options would you buy? Can you recommend me some sources to learn more about options?

>>13466373
You grab otm option with a short expiry. It's about the same as doing a leveraged trade but you could get fucked on the spread.

You'd make more profits in certain case if you play the volatility right and you wouldn't get liquidated if the market flash crash and ends up above your strike price at expiry.

There is a book by John C Hull that's the main reference on options and other derivatives. I also read Option volatility trading strategies by Natenberg. I also got a PDF online course from an option hedge fund manager trader. I can email you a copy.

>>13466442
>I also got a PDF online course from an option hedge fund manager trader. I can email you a copy.
Yes, please, that would be nice of you
aussiebossy@mailnesia.com

>>13466442
tolero@mailnesia.com

thanks.

>>13466330
>I actually have a market making option software I wrote.
Why do you prefer options instead of regular assets and crypto?

>>13466457
I paid 2000$ for it and being a Jew I'll send it when I get 200$ at this address. I'll even answer your questions and give you a call to teach you options.
bitcoincash:qq66ryju5tdsd0l70mk8jwud9y3xkan33cl6qslml9
>>13466499
Just happened to understand the products and the strategy. I've lost all of my money and more trying to get it back while trading cryptos, stocks, leveraged ETFs, options, futures and CFDs over the last two years.

>>13466540
>I paid 2000$ for it and being a Jew I'll send it when I get 200$ at this address
Nah, sorry mate, we all know how to use libgen here

Why did you lose all your money?

>>13466565
Being a dumbass chasing profits rather than conserving capital.

>>13466583
mh yeah I made that mistake to.

Just a reminder

>>13466540
Have you tried creating market making software for crypto? Or the principles are so vastly different?

>>13466662
Haven't tried. I'll see what I can do with crypto options.

>>13465951
fucking kek

>>13465951
Tell you what its going up. Then down. In that order. sell 5320. Trade at your own risk and demise. faggot.

>>13466330
>I actually have a market making option software I wrote. I'll backtest it on their API. Im hyped.

How many lines is it? Just wondering cause my Python script is around 140 kek

>>13466871
Like 30 letter pages printed cuz I printed to get someone to help me work it out

>>13465951
we figured it out guys

>>13466373
>Only BitMex can sell
Deribit is the largest bitcoin options exchange. Forget about bitmex when it comes to options mate

>>13466442
i would appreciate a copy of that pdf
cryptogemsbiz@gmail.com

>>13467665
I'll make it 50$ for you fren.
bitcoincash:qq66ryju5tdsd0l70mk8jwud9y3xkan33cl6qslml9

>>13467781
Real copy here too, only $25 fren, think about it.
bitcoincash:fq6ehtju5tded0l7fgk8jwud783xern33cl6qsdrl9

>>13465930
Oh god imagine the back pain

>>13465951
There are three states in a market, anon. BULL, BEAR, and CRAB. If you can narrow it down to two states you can make money.

>>13465921
this tbhf. Tether is the comfiest hodl

>>13468079

>>13465969
Holy shit, why do you even bother to post shit you find in your ass?

>>13465881
It means this can all be avoided on bitmex by opening contracts that expire instead of perpetual. Don't be a nigger and know what you're doing and you can avoid this.