SignalPlus Volatility Column (20240522): Tomorrow’s Resolution ETF!

Yesterday (21MAY), according to a report from Golden Ten, Fed Governor Waller said that weak inflation data in the next three to five months will allow the Fed to Consider cutting interest rates at the end of the year, but there is no need to raise interest rates now. Federal Reserve Vice Chairman Barr also reiterated the need to maintain high interest rates for a longer period of time. The 10-year U.S. Treasury yield fell for the first time in five days, once falling to 4.40%. Today it has recovered most of its losses and is now at 4.437%. The three major U.S. stock indexes collectively closed higher, with the S&P and Nasdaq rising 0.26%/0.2% respectively, reaching record highs again.

Source: SignalPlus, Economic Calendar

##Source: Investing

In terms of digital currency, as the Ethereum spot ETF decision date gradually approaches, the overall IV level of ETH has risen again, and the price has successfully exceeded the 3,700 mark. The price of Bitcoin has been slightly weak, and the currency price has adjusted back to around US$70,000.

Source: Deribit (as of 22MAY 16:00 UTC+8)

##Source: SignalPlus

In terms of trading, BTC mainly adopts bullish strategies. Among them, the number of single-leg transactions of 31MAY 77000vs81000 Call Spread was close to 1,400 BTC, which became the focus yesterday. In terms of ETH, the sharp rise in currency prices has caused a large number of stop-loss and take-profit orders. Among them, 31MAY 3000-C bought back the stop-loss for about 19,500 ETH, and 28JUN24 3600-C sold the stop-profit for about 18,000 ETH, which was the most significant reduction of positions yesterday. Points; the bulk platform transactions are hot, mainly including the bullish Call Spread in June, the Long 3400 Put at the end of May, the selling of call options on Wing and the buying of put options, which explain the overall upward trend of ETH’s Vol Skew yesterday. There is a significant decline.

Source: SignalPlus

Data Source: Deribit, ETH transaction overall distribution

Data Source: Deribit, overall distribution of BTC transactions

Source: Deribit Block Trade

Source: Deribit Block Trade

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