Luffy

I'm a @ryskfinance power user. Saw this post and decided to take a look at @DeriveXYZ . If i was getting hosed on pricing/yield I'd be more than happy to switch, it makes no difference to me. I went and found a mutual strike for a put to sell to compare yield - $28 $hype on April 24. For 3k HYPE, Rysk quoted me $406 in yield for the period. Went over to Derive to make the same thing. They don't have the liquidity for that trade in the open market so I went to RFQ. Advertised mark price was $.45, a yield of $1,350 for the period. >3x that of rysk. However, when I submitted the RFQ, the quote did not get filled. No mm was accepting it. For Rysk, if it's on the site it gets filled. So time passed... 6 mins. 10 mins. after 12 mins i submitted an additional RFQ for 1000 HYPE, thinking they may fill smaller orders. After 30 min the first quote expired. No offer. They could not fill 3k hype. 1/3

I'm going to keep making this PSA, but selling vol through @ryskfinance is ALWAYS negative expected value regardless of the result of your trades. Calling it "no risk" to sell puts on a 80+IV asset is just irresponsible too. To sell 300 $33 $HYPE April 24 puts, Rysk is paying you $242, or $0.81 per. $HYPE has a 30d realized volatility of 82%. Plugging the Rysk premium offered into Black Scholes options pricing, they are paying you as if $HYPE were a 58% implied vol asset (close to BTC). If this paragraph made no sense to you, probably don't sell options. On @DeriveXYZ you can execute the exact same trade and get paid $410 in premium, or around 77% implied vol. You also need 1/5 the initial capital to do it. If you are bullish $HYPE, just buy $HYPE now, or set limit orders at $33 in case we wick down there. You are not getting "paid to set limit orders" because you have none of the upside if it does wick $33 and bounce. You're just getting farmed for selling cheap vol (usually at ~40% discount) if you use @ryskfinance.

Bear Market Accumulating? Get paid up to 93.2% APR to accumulate; $BTC, $ETH, $SOL & $HYPE? Currently possible via selling cash-secured-puts on @ryskfinance. If you're going to accumulate right now during this nightmare mode bear market then you may as well get paid premiums to do so. Im not associated with Rysk btw, just worth sharing for all those accumulating right now.