FTX just launched weekly MOVE contracts!
ftx.com/trade/BTC-MOVE
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I haven't used the product myself, so I can't make any real claims as to its irl performance.
However, I watched Sam explain it in an interview and the functionality of the product is very simple. Iirc, it expires at the absolute value of difference in price from contract open.
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Will have to dig in deeper later to see how that translates in terms of % returns compared to a daily/weekly ATM straddle position.
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Trying to dumb-down options into OTM 5% strangles every week is itself a conceptually ill-founded strategy, for... 3 reasons.
1) Weeklies, really?
2) 5% Strangles only, nah.
3) Limited 2-way liquidity
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Totally understand if you want to trade very specific options, Deribit has more!
There's a tradeoff, though: by focusing we can concentrate liquidity. So for the Nov 22 expiration we have 1 straddle and Deribit has tons; but their straddle is $30 wide and ours is $6 wide.
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Yeah, I think these are the key distinguishing features. Simplicity for less sophisticated speculators and better liquidity for a very specific trade.
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If you decide to list full option chains will support with arb quoting.
UI is tough but nobody has yet to do a proper ThinkOrSwim style UI. I saw one that was a 3rd party project, I think Deribit is in Beta with their own.
With CME/Bakkt/Ledger X all doing options could be good
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