Julien

Prop Trader. Orca Traders. Mainly cryptocurrencies; we make markets on BTC and ETH options. Twitter advice: The struggle is where greatness comes from.

[SixSigmaCapital @SixSigmaCapital]

Huge destruction in Brazilian equities overnight!

EWZ down 27%

PBR down 21%
NU down 26%
PAGS down 33%
STNE down 39%
XP down 51%

MELI is even down 15%!

Anybody looking to buying anything?

[Nick Schmidt @NickSchmidt]

Learn to take losses

[Julien @JSterz]

Breadth is really extreme, but imho the dispersion on top is huge, ie some sectors or stocks down -80% while other sectors (mostly AI related) close all time high.

[Connor Bates @ConnorJBates_]

If you were wondering why the breadth has been so bad this pictures sums it up ~ Extreme Concentration.

[Julien @JSterz]

This Friday 25-Sep is the quarterly option expiry for Deribit . I would assume that strong directional price action and a break through the 3k strike on ETH is quite difficult.

[Julien @JSterz]

@BambouClub I'd argue it really depends on your size and structure.

I use both RFQs and the options order books. In particular if you want to roll positions RFQs can be much cheaper, due to offsetting greeks.

[@levelsio @levelsio]

This is why I never have and never will do calls

[Julien @JSterz]

@BambouClub On Deribit, yes absolutely.

[Julien @JSterz]

@DonAlt Although... Saylor bought. It almost a strong signal as Cramer.

[Julien @JSterz]

@SixSigmaCapital Not bad of a remark. Many AI names look overdone at his point.

[Joshua Lim @joshua_j_lim]

last few wks had lots of sellers (DATs, Miners pivoting, Early adopters) in spot mkts, overwriters (Sep 70k) but BTC price flatlined

was actually a bullish sign that price action held so well throughout those sales

then you had gold catching a bid from china with quiet whispers of BTC store of value narrative re-emerging — now price action and momentum chasing going to override all the quantum risk concerns which are too far away to quash an underowned / hated rally

expect macro guys to get more vocal after having put in a floor and accumulated in the last few wks to shill their bags. four year cycle, gold, Bessent buying 30ys — the story writes itself

[jeff anderson @ElJefeAnderson]

right hello twitter we need some help down in ATX! if you know anyone that might be interested please send them my way

we are options specialists with a focus on institutional OTC and Market Making. lean and mean and looking for exceptional talent to join us in Austin

Software Engineer:
https://t.co/3gBAjEXEKa

Platform Engineer:
https://t.co/VJxDYcypa7

[Julien @JSterz]

@levelsio Thats a pretty cool idea. Interesting is that any of your "predictions" is non parabolic, which makes sense because predicting a parabolic is basically impossible. However basically any time a new parabolic is in the making.

[*Walter Bloomberg @DeItaone]

$MSTR - STRATEGY SELLS BITCOIN, HOLDS OFF ON SHARE MOVES

Strategy sold 3,588 Bitcoin for about $216 million between June 29 and July 5, reducing its holdings to 843,775 BTC.

The company sold no shares under its ATM program and made no share repurchases.

Bitcoin sale proceeds were used to fund preferred stock payments, while its cash reserve stood at $2.55 billion.

[John Brown @john_j_brown]

A 1999 IPO investor in NVIDIA still holding today turned 8,200x.

If a SPCX IPO investor were to make 8,200x within 27 years, SPCX market cap would be 14.514 quadrillion — or 145x the current global M2 money supply.

[Mike van Rossum @mikevanrossum]

A move that will have many long term consequences, and it will shape AI models and AI access going forward

[Julien @JSterz]

@AnthropicAI Damn.

[Julien @JSterz]

Next round number for ETH is 1000.

[Julien @JSterz]

Afaik SpaceX attempts to raise $ 75bn with their IPO. Then at just a couple of days ago Google announced a $ 84bn capital raise which is even bigger. The latter is expected to hit the tape in Q3-2026. Then there is OpenAI and Anthropic.

Just feels like there is a lot of liquidity needed for the rest of the year.

[Julien @JSterz]

@OddStockTrader Man. I will just say: What the F. $HPE