Market Insights
Article by Sue Ann Sim
Trade Ideas:
We remain structurally positive BTC into the end of the year and on this dip we like topside strategies that provide the best risk-reward.
The following uses the enhanced upfront yield from ZCC to buy double the topside exposure from ERKO calls. Unleveraged with protection on the downside while ramping up returns on the topside. (spot ref: 61k)
BTC ZCC + ERKO Call (2x)
Cost: ZERO
Max payout: $80,000 per BTC notional
Expiry: 27-Dec
Put Strike: 55,000
Protection Level: 45,000
Call Strike: 70,000
Call Knockout: 110,000
Collateral requirement: $55k per BTC notional
Trade IdeaSpot Ref: 3,100 ETHUSD ETH Accumulator (32 weeks, 27-Dec 24)Buy ETH at 21% discount (2,450) every Friday if spot is below 3,500 ETH ETF
The Trade:We had multiple sharp v-shape recoveries whenever Bitcoin dipped under 60k, which clearly makes it a buy-the-dip zone. Accumulators allow you to buy BTC
Trade ideas:If this is indeed the start of the bull trend again, then this move could take us past all-time highs. Bullish ERKO Seagulls will allow
1. The State of Wisconsin has bought $100m worth of Blackrock’s BTC spot ETF. We are watching to see if other state institutions or pension
Trade Idea:Utilize our ZCC to receive upfront yields on your dollars for punting memecoins. BTC ZCC (USD deployment) Receive upfront payment of 25% p.a. upon
Trade Idea:With Spot-Forward Basis yields still in the single digits, you can still generate decent >20% yields from UFCCs (Unconditional Fixed Coupon Convertible). Indicative example
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