RIP to the people who sold OTM calls against their BTC for yield in the past few weeks/months. They'll have BTC called away at just 60k or 65k and they sold the vol far to cheaply. Save that covered call strategy for your Pepsi stock maybe. @AtomicFinance @danheld
After weeks of a steep contango curve #BTC is finally seeing a Contango IV Term Structure... This couple with a sharply lower skew (bid to puts)... Traders are buying puts into this rally.... 馃憖
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Still a win! Can't be too mad

Oct 15, 2021 路 8:08 PM UTC

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Hey, I heard there was yield in front of that steamroller over there, I'm gonna go pick some up.
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Not really a steam roller though. One wouldn't complain that the underlying rallied when they sold a cash secured put, would they?
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