more on btc gamma after qs on if gamma hedging is significant
past month, $800m ntl of btc calls (oct-dec) were bought thru
@tradeparadigm
this shows in OI by strike and maturity
can estimate dealers will buy approx $100m btc in a move thru 30k and $400m thru 35k
pronounced market structure divergence in btc and eth options
dealers heavily short btc gamma vs long eth
this will cause pronounced price moves in btc and suppression in eth particularly as we move higher in btc spot
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why is this not the case in ETH? short answer is that ETH is an overwriter’s world and we’re all living in it
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@kellyjgreer
@tradeparadigm
@Amberdataio
Holy shit I listened to your interview on galaxy brains and then I listened 2x cause im a smooth brain chiropractor that loves bitcoin. Where do I learn more?!?!
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@ADIO1895
@tradeparadigm
@Amberdataio
stay smooth brain, but if u must:
Option Volatility and Pricing: Advanced Trading Strategies and Techniques, 2nd Edition
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