In this week's episode, sprocket888 and viperxl007 take a look at a crypto strategy that viper stumbled on. In this strategy, you simultaneously take both and Long AND a Short position in a crypto asset. This is done in a leveraged capacity. This will allow the ability to profit in EITHER direction, given enough movement. This is synthetically the same thing in equity options when you buy what is known as a straddle (Buying a Call and a Put). This crypto trade has a defined risk with unlimited return. Some interesting points on this crypto trade make it appealing compared to its equity cousin, the option straddle. Watch and learn something; as always, drop us a comment if you think we left something out or are confused about a point.

  • 00:00 Disclaimer
  • 00:20 Intro
  • 01:21 Update from the blockheads, what are we thinking these days
  • 02:53 Protecting for buying power expansion is a MUST if you are going to sell options
  • 04:34 It is time to feel uncomfortable
  • 05:30 It was good to know the taste of victory before the sour of defeat
  • 06:45 Even when you prepare.....you can still be caught unprepared
  • 07:18 Viper has been experimenting
  • 09:41 Crypto can be traded delta neutral?
  • 11:12 A unique strategy ONLY possible in crypto
  • 13:29 Play the setup tape leading to the trade moment
  • 14:48 Time to make a move
  • 16:20 Take a long AND a short! Only in crypto!
  • 17:04 A Deeper look at how to Short
  • 21:44 Equities CANNOT be long AND short at the same time
  • 22:44 A new strategy emerges.....on accident
  • 25:21 A profit plan, no matter the direction
  • 26:35 This strategy is parallel to equity options
  • 28:41 The crypto straddle does not cost more when volatility is high
  • 31:11 Time does not seem to be as big of an enemy here in the crypto play
  • 33:50 How it played out
  • 36:25 Clear the board and get a better entry to go SHORT
  • 37:52 vipers thoughts on this crypto straddle
  • 40:00 Delta neutral teaser on GMX
  • 41:53 sprocket really likes the sound of delta neutral in crypto
  • 42:53 Things CAN and WILL still go wrong
  • 46:12 Conclusion
  • 47:32 Outro

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