EasyRider

@ThalexGlobal Alternatively, you could short butterfly, which tightens the breakevens but partially sacrifices the profit capture that comes before expiration

The most intuitive option trade is the straddle. It's just the price for the expected move. It's as simple as: • Price in the box -> seller wins • Price out of the box -> buyer wins It provides something a perpetual can't, namely the ability to bet on both directions at the same time. For end of June, you can take the view that btc will test high 80s or revisit the 60s. Either case will make you money. Breakevens are the worst case by the way, if you're long. If a move realizes before expiration, your actual breakevens are lower, because you can make money on the repricing of vol (vega), and take profit while the straddle still has time value left.

@muir_eth it was evident that we should have bought more of these

~$70m in hyperliquid:native options volume over the last 24hrs Some 0DTEs are up ~10,000% since yesterday what a day

just performing some evening qa

@itseneff Derive

Derive is the liquidity and risk layer for anyone who wants to manufacture financial payoffs onchain. The risk engine supports portfolio or isolated margin across: - Options - Perps - Spot - Borrow/lend Our endgame is a liquidity layer for derivatives where anybody can craft: - Structured products for yield generation at institutional scale - Precise, powerful hedging tools - Tailored speculation (retail facing UI with short dated options for 100-1000x leverage, a LEAP trading interface for long term 2-3x leverage on high conviction names) - Agentic finance (no human in the loop strategy implementation - agents will be able to grok options much more easily than most humans!) It's been 5 years of building to get to this point, but the endgame is near.

Last week RV for $HYPE has pumped and is now sitting around ~100% level I pointed to earlier. Back then, you could still buy it at ~60% IV for any size. Maybe it’s still cheap. All terms are around ~75% IV Trade strategies on @Stradlexyz with best quotes provided by @DeriveXYZ

Options are complex. They scare traders off or wear them down. We built Stradle terminal around one idea: you have views, you don't need a chain. Strategies that match your sentiment. Single click, best-price execution via @DeriveXYZ Live now linktr.ee/stradlexyz

@deriveinsights Another major reason for positive HYPE VRP: average RV for over the past 6m and 1y has been setting around 100%. So the 80d observation period is short. Vol itself has a mean reverting nature, though it can be clustering for some time.

@DeriveXYZ @get_truenorth Options

A cracked team building in the AI agent space is @get_truenorth. Now integrated with Derive, showing live options market data directly in the terminal. Click Options and get options intelligence straight from the asset you're tracking. True North is invite-only, reply OPTIONS and get an exclusive invite code to the platform.

@letsgetonchain @angstromxyz nice, i did the same extrapolating to full-range apr x.com/stradlexyz/sta…

interesting, according to my data, the @angstromxyz pool is the least attractive among all ETH/USDC pools on a scoring of 30-day fees relative to tvl in a ±0.5 vol range. also seems like most fees come from the mev auction, a small amount from after the unlock, and basically none from the user order batch. my best guess is that the model isn't very compatible with how aggregators route flow but not sure. @0xvanbeethoven @ksrini_ can you explain why there's no user order flow? i'm looking at user_orders in the execute() calldata please correct me if i'm wrong on that!

It’s happening! @DeriveXYZ is quickly becoming the main venue for selling BTC call options onchain. If you want to squeeze those fat premiums and farm real volatility yield, always check Derive’s pricing first. Deep liquidity. Tight spreads. Self-custody. No CEX bullshit. Who’s selling calls with me? 📷👀

@Slappjakke you still can make 500% APR bro just provide liquidity into ETH/USDC pool in +-1.5% range

Times will never be as good as when you were early to a pool2 farm and were farming at 500% APR even after your position went 10x And it lasted for weeeeeks

@blockgraze Everything is high risk if you are a pussy. If you hedge there won’t be a 100% apy anymore

missed this - but spreads have indeed gotten much better name of the game in q1 is simple: more trades which means more liquidity, more collaterals, more rfqs, more users, more awareness

@katexbt Wonder what is profitability comparing to lping to dexs. Payoff and risks are similar

We’ve been monitoring spreads across venues, and @DeriveXYZ has tightened significantly lately. On most of the instruments, they’re now among the best we track. Less slippage and one more real reason to trade onchain instead of CEXs.

@izebel_eth would perpetual atm option work for you?

options are a mind disease, for two reasons: one - they are the wrong instrument for what most people are trying to trade. most people want delta exposure. options are an instrument on future volatility. if you want to use them for delta, sure, but very few ppl outside of event-based hedge funds actually care about expirations they are complex to understand correctly (greeks) and enormously complex to price correctly (montecarlo) which then leads to... two - people who go through the effort of understanding options then think that they've accomplished something. this leads to guys like captain condor martingaling ironcondors because he believes hes counting card EV when he's really crossing 4 fking spreads at once. or founders who cant mentally move past their hard designed options infrastructure options go home, we have perps here, they're just better for delta exposure which is what 99% of retail notional wants

Been in the on-chain options trenches for a bit, so let me add a few: - Quotes can be signed off-chain, so you don’t need on-chain pricing - Vertical spreads don’t require full on-chain collateralization even without a margin engine - Sophisticated DeFi actors use options for complex strategies, not “get rich quick” plays - Simpler UX exists via perpetual options from @Paradex and @DeriProtocol - Also worth mentioning options DEXes like @Moby_trade, @synqxyz, and @IthacaProtocol