Paradigm Block Insights (06Mar - 12Mar) @genesisvol 🧵
What a week… High options volumes amidst the turbulence in markets.
Heavy downside buying alongside spot selloff drove strong moves in skew.
BTC -6% / ETH unch. / NDX -4.3%
🧵1/9
What a week… High options volumes amidst the turbulence in markets.
Heavy downside buying alongside spot selloff drove strong moves in skew.
BTC -6% / ETH unch. / NDX -4.3%
🧵1/9
🌊 Paradigm saw takers primarily bid for downside, kicked off by notable protection scooped early in the week, pre-selloff:
2000x Apr 16k/14k/12k Put Fly bought
1000x Mar 19k Put bought
🧵2/9
2000x Apr 16k/14k/12k Put Fly bought
1000x Mar 19k Put bought
🧵2/9
As the SVB news hit the tape and risk sold off, takers crowded into puts.
2400x Mar 19000 Put bought
1485x 17Mar 18000 Put bought
1000x Mar 21000/19000 Put Spread bought
27k Mar 1200 Put bought
25k Mar 1300 Put bought
Skew has seen a big move across the surface 👇
🧵3/9
2400x Mar 19000 Put bought
1485x 17Mar 18000 Put bought
1000x Mar 21000/19000 Put Spread bought
27k Mar 1200 Put bought
25k Mar 1300 Put bought
Skew has seen a big move across the surface 👇
🧵3/9
🌊 ETH
ETH optionality came alive this week with some massive flows to downside.
27k Mar 1200 Put bot
25k Mar 1300 Put bot
Friday Buy-The-Dip activity:
23k Apr 1700 Call bot
15k Apr 1600 Call bot
Punchy Dec vega sale mid-week H/T @joshua_j_lim
🧵4/9
ETH optionality came alive this week with some massive flows to downside.
27k Mar 1200 Put bot
25k Mar 1300 Put bot
Friday Buy-The-Dip activity:
23k Apr 1700 Call bot
15k Apr 1600 Call bot
Punchy Dec vega sale mid-week H/T @joshua_j_lim
https://twitter.com/joshua_j_lim/status/1633868218765803525
🧵4/9
Notable calendar trade that went up off Paradigm in clips:
$120k vega sold via buying Sep 1900 calls (~30k contracts).
These calls were sold by the overwriter we mentioned earlier this week in our TG commentary.
26k Jun 1700 / Sep 1900
58.5v vs. 59.3v
$51k net vega sold
🧵5/9
$120k vega sold via buying Sep 1900 calls (~30k contracts).
These calls were sold by the overwriter we mentioned earlier this week in our TG commentary.
26k Jun 1700 / Sep 1900
58.5v vs. 59.3v
$51k net vega sold
🧵5/9
Nice to see realized vol perform this week on the downturn in spot. 1m RV trading at 48v and 53v in BTC and ETH respectively.
Vols performed on the weekend as market braces for a surely turbulent week ahead.
2500x Mar 25k Call bot
2000x Apr 24k Call bot
🧵6/9
Vols performed on the weekend as market braces for a surely turbulent week ahead.
2500x Mar 25k Call bot
2000x Apr 24k Call bot
🧵6/9
New episode of TBP is out! 🔊
Kyle Song from Albatross Labs joins us on #TBP this week! 🔥
We discussed recent flows and vol dynamics and how they tie into the macro picture. CME Options, and Bitcoin as Gold 2.0!
Full Episode: 👉
🧵7/9
Kyle Song from Albatross Labs joins us on #TBP this week! 🔥
We discussed recent flows and vol dynamics and how they tie into the macro picture. CME Options, and Bitcoin as Gold 2.0!
Full Episode: 👉
🧵7/9
Rates: The Missing Piece of the Puzzle
Latest The Macro Pulse is out ahead of a HUGE data week👇
TLDR: Broad risk conditions look supportive. If rates reverse, risk and crypto can 🚀
All this and more in the latest Paradigm Macro Newsletter 👇
paradigm.co/blog/the-macro…
🧵8/9
Latest The Macro Pulse is out ahead of a HUGE data week👇
TLDR: Broad risk conditions look supportive. If rates reverse, risk and crypto can 🚀
All this and more in the latest Paradigm Macro Newsletter 👇
paradigm.co/blog/the-macro…
🧵8/9
Hit us up on Telegram! 🙏
Daily Commentary✍️ pdgm.co/cmmntry
24/7 Support: pdgm.co/tgsupport
Sign up now! 👉 pdgm.co/3BLEw1Y
🧵9/9
Daily Commentary✍️ pdgm.co/cmmntry
24/7 Support: pdgm.co/tgsupport
Sign up now! 👉 pdgm.co/3BLEw1Y
🧵9/9
• • •
Missing some Tweet in this thread? You can try to
force a refresh
