/biz/ - Business & Finance

>>15015943
Also crypto derivatives bread.

Check my bitmex vs derishit
https://twitter.com/KadaneZod/status/1147979399414681600?s=20

I still use bitmex only to short browncoins.

But everything else is better on deribit, from futures to perpetual swap.

>>15015943
options confuse the fuck out of me.

I made more on Starbucks options last week than any crypto investment in the last year. More exciting and rewarding

>>15015943
do you just short/long , or do you do more complicated things like long volitility / short volitility

>>15015943
how do you pick your entries, exits and stoplosses. How much leverage do you use?

>>15015943
resources for learning options (especially BTC options)?

>>15015943
how do you feel about deep in the money calls for 6 months out? Is it enough time in the crypto world or do you avoid?

>>15015943
Thoughts on Black-Sholes?

>>15015970
whats so confusing?

>>15015943
Answer your thread, nigger.

>>15015943
tried synthetix?
https://synthetix.exchange/

>>15016345
every single "I'm making bank day trading" OP on /biz/ is larping

>>15015943
I solely margin trade on btc. Wanted to know if you have a specific method for finding good entries. I use bollingers across timeframes and VFI with CCI

>>15015943
Also, I'm using Bybit exchange at the moment. Really didn't like how often bitmex overloads. You know any other exchanges for margin that trustworthy and good?

>>15016370
Thanks. Fuck this nigger.

short or long options?

>>15015943
In case anyone needs a quick and simple bitcoin QR code tool for sending and receiving check out:

https://www.bitcoinqrcodemaker.com

>>15015998
Been trading options for ages, can do advanced strategies.
Can long or short volatility on one direction or non-directionally at all.

>>15016391
Good question.
Options are expensive now indeed; premium is high. Bambou is shorting volatility for instance.

Me, not doing that. Can explain why if you're interested.

>>15015987
Nice one.
In stock market mostly I use options as hedge.

A simple strategy I like is selling big shot 1month call for stocks that I get as long term bets.
Say price is 100, I buy and immediately sell calls with strike 110 for 10. If the price stays below 110 in the month the options expire worthless and I basically paid 90 for a stock worth 100. If they go above 110 I am forced to sell.. forced to sell at a +10% gain (on top of the 10 per put I gained already).

Simplified numbers for the plebs.

>>15016006
Talking about BTC, I chose fundamental paramenters which include major events and constants.
E.g. NYAG/iFinex fuckery, different layers of kHw miners' profitability, and so on. TA aspects are acknowledged but I put it at a lower level of importance. Moving averages are interesting but a trend is a trend.

>>15015943
What's options? Is it derivatives? Is it like derivatives? Is it leverage-oriented like Bitmex? Can you give me a basic run down?

>>15016323
Great model to use in environments in which the lack of liquidity can create opportunities (e.g. the P2P casino which is deribit), however fundamentally risky to expect reasonable movements of volatility in anomalous markets (bitcoin).
Could be interesting to chase value in deribit books with it; I am pretty sure there's already bots on the platform though.

>>15016385
Bitmex is risky now indeed. I still use it to short shitcoins tho.

ByBit is an alternative but I find deribit offering overall better conditions for the time beibg.

>>15016379
A TA trader can use options to cut risks; me personally I get entry points with a more fundametalish leaning approach when I set up the big strategies; if I wanna operate fast I just use deribit futures.

>>15016370
90% of traders lose, so most of the time these threads are larps, statistically.

>>15016346
Nope but find it a neat concept. Heard some snx stackers were having issues receiving their susd tho?
Also what sort of assets are tradeable now?

>>15017155
>I get entry points with a more fundametalish leaning approach
give us an example. Also, thanks for responding

>>15016023
Sometimes I post strategies' thoughts on my twitter; good ones also Jozza and Bambou.

But learn options first.. I'll pass you a link soon.

>>15017191
I'm in xbt futures. How to best get acquainted with options and where to trade?

>>15017143
How do you even use deribit. I tried using it and found out you can only 100x bets. Isn't that ridiculous?

>>15017162
Not really, because people who lose aren't going to post that on the internet. On the other hand, a trader who's making gains and feeling eurphoric will.

>>15015970
this

i’m pretty sure you need to be full on autist to understand this shit

>>15017498
That also makes sense.

>>15017453
No. You can do up to 100, just change the size.

>>15017236
Deribit has a test.deribit.com where you can mock around with fake money.
Personally, I learnt many years ago with skin on the game but that's me.

>>15017178
Gave some examples above.
Big fundamemtals retail seems to ignore > main trends > TA > news

>>15017453
>>15017850


And actually deribit has WAY better conditions for the perpetual swap.
Check my twatter bread.. the points about how indexes are structured and lower fees.

are you buying or selling?

I do still use bitmex but only for those futures which you can't find elsewhere (ada bch eos xrp trx ltc); recently made a killing shorting trx with the supernode scam scandal.

>>15017964
You mean buying/selling btc, or you are asking me if I'm writing options right now

>>15017990
>You mean buying/selling btc, or you are asking me if I'm writing options right now

i mean are you writing options or only consuming options created by others?

>>15018028
Depends on whether I believe volatility is overpriced in one or both directions.

Right now for instance September options are pricey due (hi IV) and could consider a non directional short of volatility, e.g. a short straddle or maybe short strangle. But won't do it yet, at least not prior to the NYAG hearing. After that I'll consider placing some stink bids.

>>15015943


BY THE WAY GUYS

Do use my refljnk (in my twitter bread) or you will be cursed for your ungratefulness.

Use it, an meme magick will assist your first trade (as well as 10% cheaper fees)

>>15018179
>https://twitter.com/KadaneZod/status/1147979399414681600?s=20
That twitter post is full of shit. I trade on deri and it had downtime about a dozen times since May. Half the other statements are also wrong which leads me to believe it's a 30second effort to shill some ref links.

>>15018382
Recently true, deribit has had some issues (after I made that tweet by the way).

But for you to write that deribit is worse than bitmex it means you never really used bitmex meaningfully. I suggest you do some research about bitmex conveniently having downtime in some very strategic moments; very well documented.

>>15018382
Which other statements are wrong you lying cunt?