Cumberland Favors Bitcoin Option Trades to Profit From US CPI

Sell bitcoin June expiry calls and hedge the an identical with short-dated December expiry possible choices, Cumberland said.
Sell bitcoin June expiry calls and hedge the same with short-dated December expiry options, Cumberland said.

Original articleOriginal article
Author: Omkar Godbole

Omkar Godbole has recently written 8 articles on similar topics including :
  1. "The cost of insuring against a potential U.S. government default in the next 12 months soared to record highs last week". (April 26, 2023)
  2. "In the past, outsized gains in DOGE have paved the way for a broader market sell-off". (December 2, 2022)
  3. "Bitcoin's dominance rate rose above 41% alongside the price rally, signaling de-risking in the crypto market". (December 14, 2022)
  4. "Calm waters do not last long in bitcoin, so be prepared for a sharp move here shortly, one observer said, referring to the cryptocurrency's ultra-low historical or realized price volatility". (December 22, 2022)
  5. "The liquidate wave from the narrative of lower inflation has now run its course and the market needs a new driver and theme to lift prices higher, one observer said". (May 31, 2023)
  6. "As Ethereum has shifted from PoW to PoS, the economics of supply and demand underlying the two cryptocurrencies will continue to diverge, one observers said". (May 17, 2023)
  7. "Bitcoin and technology stocks rose Tuesday even as a hotter-than-expected U.S. CPI figure revived Fed angst and lifted Treasury yields". (February 15, 2023)
  8. "As bitcoin looks north, indicators paint a mixed picture of the major source of bullish pressures for the cryptocurrency". (January 18, 2023)
Posted on  , ,