THE BULLS ARE BACK. AND THEY'RE ACTING WISELY. An options trader has acquired. reasonably sized ATM call &.
13 Jul 2022, 10:33
THE BULLS ARE BACK! 🐂
AND THEY'RE ACTING WISELY
An options trader has acquired
reasonably sized ATM call &
ATM put on Hegic V8888 today:
1,300 $ETH ATM call 📈
+ 650 $ETH ATM put with a notional
position size of $2,100,000+ 🤯
This type of strategy is called Strap 👇
The Strap has a limited cost and unlimited potential profit.
The Strap is similar to the Straddle in terms of betting on rising volatility. It usually consists of two call options and one put option with the same strike price and the same expiration.
You can think of the Strap as 🐂 a bullish Straddle 🐂: “I don’t care what the price will be, but if it changes significantly in either direction during the period of holding Strap, I win. And I win even more if the increase in volatility leads to an increase in the price”.
This particular options trader decided to build a Strap on Hegic V8888 (mainnet). You can trade Straps as one-click option strategies on Hegic HardCore (Arbitrum).
If you want to make the same trade,
go to → Arbitrum
→ Buy Options → Bullish → Strap
1,300 $ETH ATM call buy transaction:
650 $ETH ATM put buy transaction:
Imagine you are making these options trades in one click, with zero fees and no slippage, while remaining anonymous.
Yes, you can ✨