The Options Insider Radio Network The Crypto Rundown 281: CRCL, IBIT Straddles and ETH Turning Points
Jul 7, 2025
Greg Magadini from Amberdata, a crypto market expert, joins Mark Longo to dissect the latest trends in digital assets. They explore a decline in Bitcoin volatility and the rising interest in Ethereum and altcoins. The duo discusses unique trading strategies like cash-secured puts and delta-neutral trades, particularly around the newly IPO’d Circle. Greg shares insights on leveraging Amberdata's tools for trading success, engaging with the audience through polls to unravel diverse trading sentiments in this fast-paced market.
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Structural Decline in Bitcoin Volatility
- Bitcoin volatility has structurally declined despite price increases close to all-time highs.
- This reflects maturing asset class features with institutional investors using traditional hedging strategies.
Sell Bitcoin Call Wing Strategy
- Selling the call wing in Bitcoin options may be better than buying volatility now.
- Institutional flows and repricing skew suggest downside to buying upside volatility over the next six months.
Bitcoin Straddles Are Overpriced
- Buying a Bitcoin straddle at current implied vol levels is unattractive due to high carry cost and steep term structure.
- Shorting straddles with overlaying call skew flow is preferable in the current environment.