Market Insights
Article by Sue Ann Sim
As we approach the quarter-end options expiry this Friday, the options market has been notably quiet, with the typical quarter end vol sell off taking effect.
Some chatter appeared today suggesting the imminent trading of ETH ETFs.
1. VanEck has filed their 8-A form, worth highlighting the same form for Bitcoin ETF was filed exactly 7 days before the launch.
2. VanEck subsequently announced zero fees for the initial phase of their ETH ETF.
The ETH options market for July expiries in particular, has not shown much excitement thus far. If there is a substantial breakthrough in the approval process, it could catch the market by surprise.
Trade Idea
ETH has shown robust support levels at 3,200 and 2,800, with the latter not touched for over four months. This forms a strong basis for creatively expressing one’s bullish view by deploying into a Conditional Fixed Coupon Convertibles (CFCC), yielding up to 66% p.a.
ETH Conditional Fixed Coupon Convertible
Coupon Payment: 66% p.a. every Friday as long as spot price is above 3,200
Expiry: 13-Dec, 6 months
Strike: 3,200 (-5.8%)
Protection: 2,800 (-17.6%)
At expiry, only if spot is below 2,800, the USD deployed is used to buy ETH at strike of 3,200
(Spot Ref: 3,400)
Trade ideaGenerate 15% p.a. yield on your BTC while waiting for the looming Mt. Gox supply to clear up and reveal clear blue skies. CFCC
Market attention is currently focused on the potential approval of a spot ETH ETF. While the earliest rumored approval date is July 2nd, we believe
BTC kicked off H2 by surging from the 60k region to 63.7k after last week’s false break below the 60k support level. BTC spot ETF
An onslaught of bearish headlines throughout the week has taken BTC back down to the 60k support region. Can this level hold? Our view Trade
We think the 60k support will be defended because: 1. The German government is slowing down the pace of sending BTC to exchanges, with only
As we approach the quarter-end options expiry this Friday, the options market has been notably quiet, with the typical quarter end vol sell off taking
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