If you were wondering how much bottom tick calls were up
And no, I’m not selling until $100
Loading up on EOM $60-$70 strike calls on hyperliquid:native at the current price of $51.5
Might come down a bit more first but when we move up its quick and violent, usually get a 30%+ move in a few weeks when it moves
Unfortunately options pricing on derive is retarded right now with spreads costing much more than single legs with the same long end, but its the best venue for hype options so I'll make do
Thesis:
Price refuses to break $50 even with coldcard fud at the same time as major OG whale exits (I was hedged spot since early July but after the coldcard news I just ended up selling my spot and offramping, already got LTCG so fuck it. I'm sure many others did the same)
Everyone's waiting for the guy at $47 to get liquidated but loracle and other whales are running out of supply, I'm assuming he defends and get's away with it again
Price also sitting in golden pocket retracement from Circle news
+EV spot to be long, options better than perps as if the floor falls through then everyone's getting liq'd