Jordan Wrong

Volatility trader for the most part. Max the risk and enjoy the ride

[Jordan Wrong @jordanwrong1]

@Alpha_Ex_LLC wow pretty shocking there is no variation in the event vol. Opens up some opportunities for some deep dive work. Thanks for sharing

[Jordan Wrong @jordanwrong1]

@orrdavid these are super simple terms. Makes you look amateur tbh. Im neutral on QVR but this is a bad post

[Jordan Wrong @jordanwrong1]

@scaryghostboo_ im assuming those beers crushed you. #whereIsGhost?

[Jordan Wrong @jordanwrong1]

@joe_fish34 @Alpha_Ex_LLC bro vol is flat! i sold so many this morning. Pushing 16k vega right now

[Jordan Wrong @jordanwrong1]

im in the 70/185 strangles. Your vega is pretty stable in a wide range (especially to the upside). No need to adjust strikes. If it really runs away from you, you'd have to adjust. FWIW im only in the puts because the delta < vega exposure at those strikes. So they have been rallying with spot

[Jordan Wrong @jordanwrong1]

@Alpha_Ex_LLC also intraday vol on the d30 call Sep serial. Up 4 vegas!

[Jordan Wrong @jordanwrong1]

Really interested to see what goes down faster Silver spot or Silver vega. What do you guys think?

[Jordan Wrong @jordanwrong1]

I think we can all agree this is absolutely wild. I cant recall if BTC long dated vol ever got to these levels. My september OTM options have completely lost their gamma. Wow

[Jordan Wrong @jordanwrong1]

My -10k Silver vega starting to feel like -50k... Considering the spot/vol correlation, it feels like (hopefully) the pull back is near...

[Jordan Wrong @jordanwrong1]

on second thought, likely an over the weekend premium getting priced in here.

[Jordan Wrong @jordanwrong1]

Silver down and vol up??? Thats a weird data point today. Added to short vega (sep) against delta

[Jordan Wrong @jordanwrong1]

@_elliot_johnson @BTCTreasuryCorp This bid/ask is nuts

[Jordan Wrong @jordanwrong1]

Not huge but also short naked Vega always causes me extra basis points in mental health. Short 6k Vega (Sep) against 2k delta (as of Friday). Let’s see.

[Jordan Wrong @jordanwrong1]

@Alpha_Ex_LLC Nice post dean. I think the trade here is short Vega long Delta. Even the d20 puts &gt; 6M out are barely moving on this rally. Check out the 50 strike Sep18 puts. They closed 2.8/2.9, down only 25 cents on a $12 SLV rally over the past 5 days. What do you think?

[Jordan Wrong @jordanwrong1]

took the words out of my mouth. Pay down the debt, generate yield, possibly convert to etf. Use proceeds to buy back shares when at a discount or buy btc opportunistically. Looks like options market starting to understand the risk to the downside here. @BTCTreasuryCorp can avoid losses that they cant come back from if they take action now

[Jordan Wrong @jordanwrong1]

@_elliot_johnson @BTCTreasuryCorp Scary to think if BTC drops below 35k USD, the company wont have enough capital to pay off their debt. Considering many other treasury company's are likely in a similar scenario, can the company take measures to avoid this? Im not sure why this company even needs debt. Even worse that the debt is making 80% of the BTC held unusable. There needs to be some restructuring here before BTCT goes belly up.

[Jordan Wrong @jordanwrong1]

@theobservoor @_elliot_johnson @BTCTreasuryCorp Side note I am forced to buy some btc puts until management addresses the business risks and growth projection properly