A straddle is two options, ae pudding, a call of the same strike, and a strangles, a putding, a call that a different strikes. So you basicly buy, like at the money put, and at the money call, you have no deltor exposure. You just have licke, a large vol exposure. If you want to buy, if you think that the value in options is more on the out of the money stuff than tha at the money stuff, then you might buy strangle. The second level would be that you know, you have different arm risks in a local or local sense,.
Today, I’m sitting down with Su Zhu, my friend and co-host, and Josh, of Orthogonal Trading.
Josh is one of the biggest and most experienced options traders in crypto and joined us for a very interesting and wide-ranging conversation. Together, we touched on topics like
how options work
differences between options and futures
Different strategies for using them in crypto
as well as what Josh thinks about options trading platforms in Defi
Resources:
https://www.optiontradingtips.com/options101/payoff-diagrams.html
https://www.payoffcharts.com/
https://www.investopedia.com/trading/getting-to-know-the-greeks/
Orthogonal Trading https://twitter.com/OrthoTrading
Su Zhu https://twitter.com/zhusu
Hasu https://twitter.com/hasufl
Our homepage and mailing list https://uncommoncore.co/podcast/