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SBF

@SBF_FTX

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@IamNomad

I'd guess Deribit's effective OI is way higher than it looks because of options positions

2:38 PM · May 10, 2020Twitter Web App

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True, but Deribit's options liquidations cause futures trading--they hedge options portfolios in liquidation by delta hedging with futures--so this causes more stress on the futures liquidity during big movements.