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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.

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Author: Omkar Godbole

Omkar Godbole has recently written 8 articles on similar topics including :
  1. "Monthly U.S. inflation readings influence the Fed policy, which impacts both crypto and traditional markets". (May 11, 2023)
  2. "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)
  3. "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)
  4. "Bitcoin's options skew favors bearish put options by the most in two months". (March 10, 2023)
  5. "Bitcoin continues to move in lockstep with the Nasdaq to S&P 500 ratio. The positive correlation suggests the cryptocurrency is still a risky asset". (April 7, 2023)
  6. "While bitcoin has gained nearly 43% this month, ether has appreciated by 36%". (January 30, 2023)
  7. "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)
  8. "The estimated ratio indicates how much leverage is used by traders on average, according to CryptoQuant". (April 28, 2023)
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