SeaFi

Senior Options Expiry Enforcer at @sirenprotocol

[SeaFi @SeaFi_SIREN]

I think I get it now. Y'all must have no patience with your ADD shit. Remember: slow and steady wins the race.

[SeaFi @SeaFi_SIREN]

Everyone: options are way too complex, impossible to make money unless you're a pro.

Meanwhile my lazy options portfolio (3% of my mindshare): 2,505.9% total return over 5y, 94.09% IRR. Maybe sharpe sucks, but who cares, I'm just a dude not a fund. Something doesn't add up 🧐

[SeaFi @SeaFi_SIREN]

My favorite strategy is Calendar Spread (cs) - I rarely trade anything else. I love it, because unlike individual calls or puts it has positive Theta - this means my profit increases with time. I typically buy cs with at least 6m to expiry, sometimes up to 2y. And go waaay OTM - only wild bets. In nutshell, a cs is a perfect strategy to express the following combination of ideas:

1. I don't give a shit about short term price action and don't want to pay for that exposure (cs underperforms short-term, which I'm 100% fine with in exchange for lower premium)

2. I don't care about unlimited upside - pipe dream. Again, that lowers the premium.

3. I only pay to get exposure to profits within a limited, but still wide enough price range in some distant time in the future - when that price range is likely achievable.

4. I want a wildly asymmetric payoff and I'm willing to wait for it - market is usually wrong when it comes to long-term volatility.

5. I want my exit point to be decided in advance. That reduces my mental burden as a busy founder. In cs that is determined by strike - the highest profit point.

Look at this one, isn't she a beauty?? 🥹

(not investment advice)

[Wallys Trunk @RWAF___]

DeFi on Solana is heating up! 🔥

Join our Spaces & hear from some of @Solana's top projects

@Parcl
@superteam
@ZetaMarkets
@HawkSightCo
@switchboardxyz

🗓️ Thursday, Sept 12th at 11:00 PST // 14:00 EST // 18:00 UTC!
https://t.co/0ODD55HdMr

[Pyth Network 🔮 @PythNetwork]

.@sirenprotocol is a non-custodial protocol for trading options enabling users to purchase, trade, and redeem options without a third-party mechanism.

Best of all, it’s now powered by Pyth 🔮

”By integrating Pyth, Siren users benefit from superior data accuracy and timeliness, which are critical for the execution of options contracts on our platform.”

[SeaFi @SeaFi_SIREN]

@GrixFinance Great coverage btw!

[SeaFi @SeaFi_SIREN]

@GrixFinance Siren has 0DTE

[Wallys Trunk @RWAF___]

𝐀𝐕𝐀𝐗 𝐢𝐬 𝐋𝐈𝐕𝐄 𝐨𝐧 𝐒𝐢𝐫𝐞𝐧!🧜

One of DeFi's most vibrant hubs, AVAX, is now available for options trading on our platform🔺

Trade @avax options contracts with up to a 6-month horizon today!

Trade AVAX now! ⬇️

[Wallys Trunk @RWAF___]

GM!

QUICK ANNOUNCEMENT🚨🚨🚨

Our Points Program is LIVE!

If you've been trading options on Siren, you're already participating—but there's so much more to explore 🧜‍♀️

Here’s what you need to know👇

[Wallys Trunk @RWAF___]

Last month we did $10.5M trading volume across all markets 💪

[Zeus 🇬🇧 @ZeusRWA]

$BNB now tradeable at @sirenprotocol 🧜

Siren continue to expands and I’m sure we can look forward to more tickers soon! 👀

[Wallys Trunk @RWAF___]

JOIN SIREN IN THE NEXT 30 DAYS and earn a unique Siren OG NFT, OG titles, platform benefits, and rewards! 🏆

https://t.co/jaM247jUn4

[Wallys Trunk @RWAF___]

The Siren Public Beta mainnet is now Live on @arbitrum!! 🥂

https://t.co/J7H8OIZgkg

[K. Adam Bloom @kadambloom]

Jamie Dimon is retiring from JP Morgan – who should succeed him?

[Wallys Trunk @RWAF___]

🎉 Announcing Our Winner!

Congratulations to be3a for leading the trading competition over the past 7 days and winning 1000 USDC!

Each week, the trader with the highest notional volume wins 1000 USDC.

Want to be next? Keep reading to learn how 👇

[David Hoffman @TrustlessState]

leaked video of @SenWarren's group therapy session today

[SeaFi @SeaFi_SIREN]

Let’s gooooo 🚀

[Our Crypto Talk @ourcryptotalk]

MARKET IS BULLISH AGAIN 🚀

Want to maximise on this next uptrend?

You should try this strategy which I am currently applying on @sirenprotocol - a platform to trade options on-chain.

The Long Call Vertical strategy allows users to profit from a rise in asset's price while limiting their risk to the net premium paid.

Here's how you can benefit with this example of an option

Buy Call Option (Long Position) 📈

• Strike Price: $66,000
• Premium: $648.13
• Breakeven: $66,648.13 ($66,000 + $648.13)
• IV: 53.15%
• Delta: 0.55

• Sell Call Option (Short Position) 📉

Strike Price: Higher than the long call option (e.g., $67,000)

Premium: To be determined based on market conditions and desired risk-reward profile

Strategy Rationale:

• By purchasing the call option with a strike price of $66,000, we establish a bullish outlook on Bitcoin's price, as the option gives us the right to buy Bitcoin at that price.

• The premium paid represents the initial investment for the trade, and the breakeven point is the level at which the trade becomes profitable, accounting for the premium.

• Selling a call option at a higher strike price, such as $67,000, creates a vertical spread and helps offset the premium cost of the long call option.

• The delta of 0.55 suggests that the option's price is expected to move roughly in line with changes in the price of Bitcoin, providing potential profit opportunities as Bitcoin's price increases.

Why am I doing this on $SIREN ?

• On-Chain Security: Siren's on-chain platform offers enhanced security and transparency compared to centralized exchanges.

• Decentralized Control: You maintain full control over your assets, with smart contracts executing trades directly on the blockchain, eliminating the need for intermediaries.

• Unified liquidity

It is used to market-make options, initially funded by protocol-owned liquidity before opening to external LPs. Hedgers manage delta exposure via off-chain updates.

By providing liquidity, Siren allows you to earn consistent yield through the unified liquidity pool.

• Siren's UI/UX

It allows creation of single or multi-leg strategies with clear premium and margin displays, detailed data in Expert Mode, consolidated position management, and performance tracking for LPs.

Built on Arbitrum ( $ARB ) for low fees, it supports permissionless, non-custodial trading.

In conclusion, Siren's on-chain platform provides secure, transparent options trading.

Whether employing strategies like the Long Call Vertical or exploring others, Siren empowers users with lower fees, global accessibility, and decentralized control.

Join Siren ( Early Access ) today for a seamless and empowered options trading experience 👇

https://t.co/WEo56vVKpS

[Wallys Trunk @RWAF___]

gmgm everyone!

Just a quick reminder: Siren Flow Trading incentive is on!

This week’s top performer in notional volume gets to pocket $1,000 in USDC 🌟

Are you the next top performer? There’s only one way to find out!👇

[SeaFi @SeaFi_SIREN]

@llamaonthebrink @Grizzlyshort How would that look in practice? Does anything like this already exist for ongoing CEX MM?