ayko2718

Stochastic life

[ayko2718 @ayko2718]

So BlockFi is a creditor to FTX that lent to Alameda that lent to Emergent which is a shell company owned by SBF that bought Robinhood shares that were pledged as collateral to guarantee to BlockFi the loan to FTX that was used to bailout BlockFi itself

[ayko2718 @ayko2718]

Math Question:

Street is running a short swaps position on $SOL against the discounted buying of locked SOL from the bankruptcy estate of FTX. The leverage ratio of the short is L (i.e. the ratio of shorts measured in $ to $equity). Derive the Gamma position of the street as a function of L assuming the street is rebalancing its position daily in order to maintain this leverage ratio L.

[ayko2718 @ayko2718]

@mahamazing_00 @TrungTPhan He did a ‘short’ stint at Melvin Capital

[ayko2718 @ayko2718]

steady lads

[Bastion Trading @BastionTrading]

Bastion thoughts on Renzo $ezETH @renzoai

[1/2] $ezETH is currently de-pegged by 2.31% to its fair value, and the discount is converging gradually as unstaking/withdrawal is expected to open up around mid-June.

ezETH/ETH is trading at on DeFi at 0.988
1 $ezETH is backed by 1.0113 ETH

The trade is to buy ezETH at discount, hedge $ETH exposure by futures/swaps. When withdrawal opens, redeem ezETH at fair value. By holding ezETH for around 20 days, you will also get the native staking yield and points for $REZ Season 2 airdrop and other @eigencloud AVS airdrops.

[ayko2718 @ayko2718]

Soros holds the converts currently worth around $250m (not the stock outright). Both are above the convert strike and worth more than the face value. Looks like he actually reduced his MSTR exposure in Q1.

[Bitcoin News @BitcoinNewsCom]

FINBOLD: “Perhaps the most interesting among the top stocks owned by Soros through the first quarter of 2024 is the shares of MicroStrategy (NASDAQ: MSTR), valued at approximately $135 million.”

[The Block Pro Headlines @theblockupdates]

*FIGURE MARKETS BOUGHT 784,000 SOL FOR $80 MILLION ($102 EACH) IN LATEST AUCTION - THE BLOCK PRO

[ayko2718 @ayko2718]

On top of vol and spot, watch the futures basis and swap funding. A lot of ETH tied up in Eigen hedged with futures/swaps on exchanges.

[ayko2718 @ayko2718]

Reverse decay on options during the day, 1d straddle kept going up in price.
Market seems underprepared for the ETH ETF vs BTC where there was a lot more anticipation and positioning going into the event.
Expect more fireworks.

[Bastion Trading @BastionTrading]

#FridayExpiry

[1/2] $ETH Options Notional Value: $1.3b, 12% of total OI. Spot rally passed the cluster of OIs from 3000 to 3600. For the upside there are 17k OI of 4000c, apart from that positioning is pretty light.

Market had a big reprice of $ETH ETF probability this week, and sparked 30%+ move on ETH, finally catching up after months long of underperformance vs $BTC. Market is expecting announcement from regulators today afternoon US time.

[ayko2718 @ayko2718]

Congrats @DomaniProtocol team!

[ZKsync @zksync]

.@DeutscheBank is working with blockchain service provider Memento on @MAS_sg’s Project Guardian to explore asset tokenization on a ZK Chain.

DeFi rails are making their way to TradFi, powered by @zkync.

[Bastion Trading @BastionTrading]

At the close on 15 May, US Bitcoin ETFs held $57.3bn in total AUM compared to US Gold ETFs at $107bn.

US Bitcoin ETFs stands at 53.53% of US Gold ETFs size, UP 1.19% WoW. 📈

The ETFs reported $320m inflow on 15 May, led by Fidelity's $FBTC.

#Bitcoin #GOLD #ETFs

[珍妮小姐 TraderJen @jz_jz77]

想法基本相同，不过cliff解锁是从7月底就开始了。今天上线bithumb和zetachain2.0投票可以认为属于短期利好出尽。可以看出来项目方很努力在巨大解锁前维持高币价，其用意懂的自然懂。

以上仅代表个人观点不是投资建议。

[ayko2718 @ayko2718]

scan to earn is coming

[Humanity @Humanityprot]

🚀Big news alert! 🚀Our founder Terence just took the spotlight in Bloomberg @business, unveiling our latest round of funding! 🌟

We’ve become crypto’s new digital identity unicorn! 🦄

Check out the full story on our $30M raise at a $1B valuation: https://t.co/Q9fR7FXQtT

#Innovation #Tech #FundingRound

[ayko2718 @ayko2718]

Fun puzzle from @JaneStreetGroup
https://t.co/UCeWuFdtST

Couple of Bastioners in there with 2 different techniques. One mostly mathematical and another coding a mini ai engine.

[ayko2718 @ayko2718]

@cmsholdings The only time Ray giving out SOLs rather than sol giving rays... 🌞☀️

[ayko2718 @ayko2718]

@TheSkyhopper and you are still making money on this trade...

[ayko2718 @ayko2718]

riiiite.... We at Bastion use calabi-yau manifolds to construct order book models that reveal hidden markov processes that are only observable in the 12th dimension. For trading though, we use a much simpler cross spectral density analysis to predict inter-exchange lead-lag flow

[ekri @ekrii3]

Feeling super generous so, somewhat reluctantly, here are 5 industry secret holy grail books that have immensely assisted me in my quantitative trading endeavours (as an ex manual HFT mm) that I highly recommend new and experienced traders pick up if they can. No specific order.

[ayko2718 @ayko2718]

Congrats Sam

[ayko2718 @ayko2718]

correlation skew... (-3,-3)

[Bastion Trading @BastionTrading]

18 April 2024

Top tokens/BTC correlations 7D (4h returns)

$ETH $BNB $SOL $XRP $DOGE $AVAX $MATIC $ARB $OP

Source: @BastionTrading Quant Analytics