Asia and London Colour
QCP Capital2024/06/08 07:46
By:Sue Ann Sim
- Front-end vols were pressed lower yesterday with BTC now well under 50% and ETH under 60%.
- We find this move lower in vols unusual ahead of an important NFP number. A miss here would likely see the market price in a higher probability of Fed rate cuts in June or July – a very bullish catalyst.
- Yesterday’s rate cuts by Canada and ECB will also increase pressure on the Fed to cut rates.
Trade Idea:
With lower vols just ahead of a potential catalyst event, buying June Digital Calls could deliver outsize returns.
BTC 80k 28-Jun
Payout is 5x if BTC spot price is above 80k at expiry.
(Spot ref: 71,000)
ETH 5k 28-Jun
Payout is 10x is ETH spot price is above 5k at expiry
(Spot ref: 3,800)
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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