๐จ STATE OF THE TRENCHES REPORT ๐จ
> Due to increased market volatility following recent liquidation events, next-day BTC options expiring on @DeribitOfficial have spreads of 12% ๐คฏ
> @DeriveXYZ has spreads as high as 37% for the same option
> @trylimitless has the cheapest next-day BTC option execution spread on the market at 8.8%, higher than usual following the significant widening of spreads on major crypto options exchanges
> We remain monitoring the situation. Times like these are a reminder to manage risk and take profits