Digital Gamma

Trading, Asset Management, Advisory

[Digital Gamma @digital_gamma]

@KrisAbdelmessih @MomAngtrades @khemaridh @ejames_c @AgustinLebron3 @drunkengrass well and @KrisAbdelmessih himself

[Digital Gamma @digital_gamma]

@patrickrooney financial conditions easing ...

the dollar is the trade.

[Digital Gamma @digital_gamma]

🍿 enjoying this discussion

[Ari Paul @AriDavidPaul]

What happens when one of the biggest sources of both CEX and defi liquidity...stops? We may soon find out. A major liquidity provider facing some steep losses. I don't have any short-term trading insights for you, but let me offer this thought on the more fundamental side:

[Joe Robert @JoeMRobert]

SIZING: The MOST Important Thing to Consider in a Crypto Trade with Ari Pine (@std_dev ) Digital Gamma
#Shorts #cryptotrading

https://t.co/GX71mRJ7gQ

[breakeven @std_dev]

Blockchain week Hackathon Day 2

I'll be talking retail and institutional crypto markets at 1:30p ET. Check it out.

https://t.co/XiDYwNiNLa

[Digital Gamma @digital_gamma]

Our latest chartbook is up on the site.
You can get it there for both basis & options.
Or check it out on the @bitcom_exchange blog.

https://t.co/nkA6A6XACe

[Digital Gamma @digital_gamma]

check it out.
one of the advantage of being retail is ... you can just buy #Bitcoin

[breakeven @std_dev]

so here are my thoughts on $GBTC

first, so everyone who may not know, it is a trust that holds bitcoin. great!
it trades on the otc market and, if you are big enough (essentially) you can invest in the trust directly.

1/

[Digital Gamma @digital_gamma]

@JeffButwinick @JSeyff @pierre_rochard https://t.co/RuW28sElc3

[breakeven @std_dev]

so here are my thoughts on $GBTC

first, so everyone who may not know, it is a trust that holds bitcoin. great!
it trades on the otc market and, if you are big enough (essentially) you can invest in the trust directly.

1/

[Digital Gamma @digital_gamma]

This and the Osprey could have significant impact on the "landscape" ie, $GBTC

[James Seyffart @JSeyff]

The current state of the Bitcoin ETF race with a new late entrant... #Bitcoin .

Important Note: No 19b-4's have been filed as far as i can tell, which are the filings that start that 240 day clock for the SEC to make a decision.

[Digital Gamma @digital_gamma]

Check out the latest from Digital Gamma weekly research.

Futures basis (domestic and offshore) has been very volatile. And so have options: 150%+ volatility in a $40K asset. <appreciative whistle>

https://t.co/5ofvO8d6dP

[Digital Gamma @digital_gamma]

@Joshua_Frank_ yeah.
institutions with their entrenched rules & mandates are caught synthetically short BTC (against benchmark and generally "whats hot").

they are now looking at retail Dec 2017 and saying "hold my beer"

[Digital Gamma @digital_gamma]

Digital Gamma TPR:
Secured > Unsecured

This is the way

[Digital Gamma @digital_gamma]

Yup

[Joshua Frank @Joshua_Frank_]

1/

A large number of Grayscale's ETHE investors via private placements received their shares today.

ETH's run the last few days might be in large part due to those institutions buying ETH to cover their loans.

[Digital Gamma @digital_gamma]

Big moves in @CMEGroup and @Bakkt calendar spreads today with traders paying up for extending their long positions.

Juicy yields.

We can help finance margin. https://t.co/AV40owNYFx

[Digital Gamma @digital_gamma]

@stevenmcclurg i find square the more interesting situation. in a sense, when they buy BTC, they are buying their competitor.

[Digital Gamma @digital_gamma]

get your weekly options fix!

[BIT Exchange @BITCryptoXchg]

Attention please! Professional traders, weekly #Bitcoin options charts are available for your reference👇: https://t.co/3BJwnnimu0

This is the result of collaborations with @digital_gamma. Thank you!

[Digital Gamma @digital_gamma]

Come for the (current) basis and options reports.

Stay for the white paper on BTC collateralized loans (hint: cray-cray risk adjusted return!)

[Digital Gamma @digital_gamma]

@patrickrooney i thought that was the BTC chart ...

[Digital Gamma @digital_gamma]

roll trading in 270s after being up in 280s
looks like another few 1000 to go

1225 traded so far today

[Digital Gamma @digital_gamma]

We are in the futures roll for CME.
Peak roll last cycle was ~$240

According to cme, ~5800 more to roll from Friday.

Rt now trading ~213. Last cycle there was similar open interest.

However, BTC was trading ~13500.
Yield for 240 on 13500 ==> ~21%
equiv yield today ==> ~ $325