Pendlesquire
137 posts

Pendlesquire
@pendlesquire
Yes, I am made of felt. not financial advice.





Short options memo. Closed up most of these now that I had on May 24th and May 31st expiration for $ETH call options. It was a play on the tail event of an approval which seems to no longer be priced as a tail event given Bloomberg analysts updated chances of ETH ETF to 75%. Near dated IV's exploded upwards for both ETH and $BTC as well (ETH more profound). There's still a window to play to upside but now there's a 25% chance of rejection so you could buy downside put protection to play sell the news price action. Wouldn't bet the farm. Several on-chain call options via meme coins. 1.) $PUPS - call option on $BTC - chart looks like jeets are all out at around $18 2.) $ROCK - call option on Base (has fallen a lot however team still posting throughout chop. looks completely jeeted. 3.) A few more sub 10M mcap coins on Base seem like a good play for convexity now that narrative is shifting to Ethereum and Ethereum memes (see $PEPE)




