DeVol Network

The geopolitical events over the last few days have caused #Bitcoin historical volatility to spike in the near term. 1 day implied vol has also moved higher. 📈

This could be a good opportunity to sell vol, & collect a juicy premium, with a Short Iron Butterfly spread on DeVol.

If BTC stays between 61,975 and 65,321 by expiration in less than one day, the trade will be profitable.

🟢 2024-04-16, PUT, 60,929
🔴 2024-04-16, PUT, 63,648
🔴 2024-04-16, CALL, 63,648
🟢 2024-04-16, CALL, 66,487

Max profit is at 63,648
Breakeven is 61,975 & 65,321
Max loss is below 60,930 & above 66,488
#DeFi, #OptionsTrading, #NFA

#Bitcoin is approaching the top of the sideways channel it’s been in for weeks.

Will it break out to new all time highs over the next few days, or will a move higher again be rejected? 📉📈

If you think BTC will fall, but you’re not sure how to express this opinion with options, DeVol has you covered.

Select “Lower” in the EZ Build window & DeVol will automatically build a low-cost options strategy that expresses your market view. 🤌

Less than 10 days until the #Bitcoin halving. ⏳

An analysis on the tailwinds behind BTC & the path forward for #Solana. 👇
https://decentralparkcapital.substack.com/p/the-weekly-277

#Bitcoin stays range bound! 📉📈

On the new episode of Crypto Options Action, Jordan & J.C. study the price charts & vol surface in order to build a new options trade.

The BTC 2-day at-the-money IV is 42, which is very low. This means the cost for buying puts & calls is cheap.

Based on this information, the team decides to execute a short butterfly spread on DeVol that expires 04/07. If the price of BTC moves up or down by a little over $1,000 by expiration in less than 2 days, the trade will be profitable.

🔴 2024-04-07, PUT, 65,770
🟢 2024-04-07, PUT, 67,459
🟢 2024-04-07, CALL, 67,459
🔴 2024-04-07, CALL, 69,192

Max profit is below 65,771 & above 69,192
Breakeven is 66,385 & 68,535
Max loss is 67,460
#DeFi, #OptionsTrading, #NFA

What is the EZ Build window?

It’s a tool on DeVol that allows you to automatically express a specific market opinion.

For example, if you think #Bitcoin will continue to trade sideways, you could express this view in three simple steps:

1) Select Range in the EZ Build window
2) Adjust the left sliders to select the Strikes you think the price will land in by expiration
3) Adjust the right slider to select the Quantity

Thanks to EZ Build, you’ll learn how to manually build multi-leg #options and trade like a pro. 🤌

Do you have a specific #Bitcoin market opinion you’d like to express, but aren’t sure how to do it?

With the EZ Build window, DeVol will automatically create a multi-leg #options trade based on a market environment of your choosing:

📈 Up Market
📉 Down Market
↔️ Sideways Market

You can also use sliders to adjust the payoff diagram, & increase or decrease the quantity. 🤌

Both #Bitcoin and #Solana are trading near the top of their respective ranges.

On the new episode of Crypto Options Action, we explore reasons behind Solana and Bitcoin’s price surge this year. We also look at the charts for clues as to where these assets are heading next.

And we explore a new tool on the DeVol platform that lets users quickly express a specific market opinion via multi-leg options.
#DeFi, #OptionsTrading, #NFA

#Bitcoin moves up! 📈

But, it’s still trading in a range with support at 60,900 and resistance at 73,800.

If you think momentum will carry the price higher over the next two days, you could use options to buy a call spread on DeVol.

Buying a spread lowers the cost of the premium you’ll pay, and it allows you to better define your risk before executing the trade. 🤌

🟢 2024-03-27, CALL, 70,486
🔴 2024-03-27, CALL, 71,119

Max gain > 71,119
Breakeven = 70,801
Max loss < 70,487
#DeFi, #Options, #NFA

Over the past 6 days, 68,200 has acted as resistance for #Bitcoin, with support at 62,000.

BTC is currently trading in the middle of this range.

If you think BTC will stay roughly where it is over the next 2 days, you could sell an iron butterfly on DeVol.

This multi-leg strategy will allow you to express a specific market opinion (that BTC will stay range bound), & allow you to define your risk before executing the trade.

🟢 2024-03-23, PUT, 62,474
🔴 2024-03-23, PUT, 65,211
🔴 2024-03-23, CALL, 65,211
🟢 2024-03-23, CALL, 68,066

Max gain = 65,211
Breakeven = 63,596 & 66,828
Max loss < 62,475 & > 68,066
#DeFi, #Options, #NFA

Join DeVol in the Polygon Discord for an education series that will demystify options and explore two unique features they provide:

• The ability to express a specific market opinion
• The ability to define your risk

Session 1 tomorrow
March 19 | 11am PST
https://discord.gg/0xpolygon?event=1218305183566532758