Legal analyst, trader, and builder. Eternal friend in @savethewhal3s Product tester and architect for derivativesmonkey.com
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Believe it or not this was my first ever time hosting an event for Derive. Better late than never. What a privilege it was to spend the night with insanely talented builders, anons, partners, and friends. The energy, creativity and talent coalescing around onchain options is unlike anything I’ve felt so far in our history. Headwinds have flipped to tailwinds, and the Derive community is ready to take full advantage. Thank you to everyone who came out and to the team at STS for being wonderful cohosts, we have so much more to come.
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Noodle retweeted
Thank you so much to everyone who came to event.hl today, to our amazing sponsors and to everyone who helped make it happen! My heart is full 🫶
I've been in the space for a while and I've never seen anything like the Hyperliquid community. You all have each other's backs, online and IRL, and today was proof of that!
@hyperbeat @hlnames @HyperTracker @ottionhl @VegasDotFun @AlliedToasters @derteil00 @HLMedia_io @hypurrworld @demi_hl
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Noodle retweeted
The best part of Singapore has been spending time with the Hyperliquid community and meeting all the .hls I've known only by handle and pfp.
The @HyperliquidX event Monday was immaculate. @HLMedia_io crushed tonight. Can't wait for @hypurr_co tomorrow. This is Hyperliquid week.
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Excited to welcome @ellie_nfts aboard Elios as part of our early beta.
More boarding passes are on the way.
Join the portal and get ready for takeoff.
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Straddles in profit due to volatility being back (upto some extent lol)
Perps trade got stopped out kek & options trade is still running! :)
as long as we hit 90K EOM , you'll make money😁
since vol is cheap again, I would like to bring this to everyone's attention kek / ideally you can buy straddles to profit from vol moving up again in either direction.
Let's say you're bullish on BTC & expect $90,000 by the end of month. You can express that view in two ways :
- Long BTC , have a stop-loss of $83,900 with target of $90,000. This trade will give you 2R trade!
- Buy Bull Call Spreads , price hits $90k end of month & you'll make a lil more than 2R.
Same pay-off curve but one difference, if price hits $84K -ish, you're stopped out whilst options trade will be running until it hits your expiry. Question is, which path will choose based on the data?😉
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in a sea of deeply unserious people
sensei still stands (sits) out to me as one of the least serious of them all
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You can read my options insights on @deriveinsights :)
You'll get more of a professional view on how I use terminal & what metrics I look at :)
You can send these posts to AI & it'll break it down even in more simple manner❤️
$ETH Update :
As the crypto market settles into a calmer period, volatility is getting cheaper, and $ETH is a clear example: at the start of the range implied volatility was 50%(Red-Orange : High IV), and now it is 44.6%(Dark Blue : Low IV), with the 30-day and 60-day expiries and the longer 90-day expiry all falling as the range continues.
Data & Analysis by @derivativemonky
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Spotted @eliospay and me (who couldn’t make it SG)
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Noodle retweeted
Although the Clarity Act did not pass, there was broad agreement that crypto market structure should be regulated at the federal level.
@ChairmanSelig delivered with Reg CTX and Reg CAM, a proposed opt-in framework for certain exchanges.
A big step here:
cftc.gov/PressRoom/PressRele…
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I kinda feel bad for Jimmy. He thought he made a friend to share girl dinners with, and now his team is probably gonna unalive him
11/ Throughout our conversations, Jimmy and I had a lot of small talk in between discussing laundering for DPRK.
He talked about playing mahjong, hunting wild rabbits, food, his fat reducing meal, family life, and vacations at Disney.
(His awkward grammar can be explained by the use of a translator)
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Noodle retweeted
The @CFTC just took an important step toward adopting a federal rulebook for crypto market structure: the Commission proposed rules for exchanges that let Americans trade crypto with leverage, including a new type of CFTC registration that is fit for purpose.
An exchange’s regulatory path would follow its product set: (1) state licensing for spot trading, backstopped by the CFTC's anti-fraud and anti-manipulation authority; (2) CFTC registration for leverage under rules written for crypto; and (3) the existing DCM framework for perps and other derivatives. Builders shipping code onchain, and the Americans using it, would know where they stand under federal law.
Separately, the CFTC is working directly with builders to develop lawful pathways for onchain markets in the United States, and is drafting a policy so that developers who publish software but do not take orders, control execution, or hold customer assets would not have to register as brokers.
Thank you to @ChairmanSelig and the CFTC staff for the effort behind today's proposal and for putting onchain markets on the agenda.
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