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6 Aug, 6 tweets, 3 min read
Petition to let Variant back into the @unlimitedcope discord. I did nothing wrong, and yet the bot sent me to the gulag. I maintain my innocence. Please vote for this petition with a like, or tag @cyrii_MM. haha 😀🙏
Guys, I hold a solid amount of $COPE, how can I not be in the discord? Its just not right, plus I need a $COPE hoodie in my life. I've been ostracized long enough. :)

@cyrii_MM @unlimitedcope
I'm not going to let this one go until I get back in. I'm going to tweet about it everyday. Daily petition.
See, proof from back on May 24th. I didn't want to go public with this scandal, but when I saw @unlimitedcope was going to launch Hoodies, you kind of forced my hand. 😂😂
Ladies and gentlemen, I'm officially back in the @unlimitedcope discord. It was a long road, 48 hours of doing almost nothing except sending one tweet, but we did it. I'd like to thank everyone who liked and commented on this thread, and of course @cyrii_MM and @ichimikichiki. 🙏
Truly we can achieve greatness when we work together. 😂

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More from @ResearchVariant

Variant Research Profile picture
7 Aug
1/ In my last post on #Gamma I said we would talk about Gamma bands. I expect this one to be slightly controversial, so at the end, let me know what you think.

In this post, I am going to teach you how to build these Gamma bands! Image
2/ Here is that last post on Gamma for reference.

3/Let's begin, first we need to have a basic understanding of volatility. Volatility is expressed as an annualized number that is proportional to the square root of time. What does that mean? Simply put, it's the one standard deviation move $BTC is expected to make in a year. Image
Read 19 tweets
Variant Research Profile picture
31 Jul
1/ A lot of people have been talking about Gamma recently. So I thought I'd offer a few thoughts.

I want to explain gamma in the simplest way possible. So lets just start with what it is. Gamma is a second order derivative, essentially, it measures the rate of Deltas change.
2/ Remember last weeks thread, Delta is the rate of change of your Option contracts price. I'll link that thread below.

For this thread, just remember, Gamma dictates how Delta changes.

3/ Lets quickly look at a simple example. If you have a Option contract worth $10, a delta of .50, and a gamma of .05, what would happen if the underlying ( $BTC ) moved up $1? Your Option would be worth $10.5 (adding the delta) and your new delta would be .55 ( +.05 gamma).
Read 14 tweets
Variant Research Profile picture
24 Jul
1/ Lets briefly talk about Option pricing, more specifically the Greek called Delta.

An important thing to remember is Option prices are influenced by a few factors, not just the directional movement of $BTC. Compartmentalize in your mind Option contract prices and $BTC price.
2/ To price Options we feed inputs into a model and it spits out the theoretical price for that specific option. The Greek called Delta is the Option price rate of change relative to every one dollar move in the underlying ($BTC). Photo ripped directly from Investopedia lolz.
3/ A simple example. Lets say our Option contract is worth $2000 with a Delta of .50, and $BTC is trading at $30,000, what would happen if $BTC were to move to $31,000? Our Option contract would now be worth $2500. Note: It wont be perfect because there are other variables...
Read 14 tweets
Variant Research Profile picture
17 Jul
1/ A discussion was had in our discord about selling vol and risk. Here is a simple way to sell vol while mitigating risk. A short thread on selling put spreads...
2/ Simply put (ha) to sell a Put spread you sell a Put closer to the ATM strike and buy a Put further down the strike ladder. If we would have sold the 31k Put and bought the 28k Put, the PnL curve would look something like the graphic above.
3/ If $BTC remains higher than 31k (at the time of the Options expiration) we keep the difference in premiums between the Put sold and the Put bought. But if $BTC goes below 28k we simply lose the difference between the two strikes (known risk.) Allow me to elaborate...
Read 14 tweets

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