I have to say, the MOVE contracts by and the team seems great.
It certainly fills a product gap many traders were clamoring for. But, I can't help but think of a quote from Bruce Kovner in Market Wizards as I read tweets from traders trying it out.
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I do have a suggestion though. To me it's not entirely clear how much a contract costs. I reckon, it has the same function as a long straddle. There you would have to pay the options premium. What do you pay for a Move contract?
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You post margin equal to either the cost or 5% of a BTC, whichever is less (if you select 20x leverage).
For selling it's just 1/leverage * BTC price