Crypto Options Unplugged

In this week’s episode, Imran and David host special guest Neelabh Dixit, Head of Product Strategy at Talos. They discuss the recent choppy moves we’ve seen in crypto markets as rate volatility has been hitting risk assets due to concerns around growth. David gives his macro picture and Imran highlights what he’s seeing in crypto volatility. Neelabh shares his thoughts about the market, the US election impact, and how the crypto client base is evolving. Neither Talos Global, Inc. nor any of its affiliates is an investment advisor or broker/dealer. This does not constitute an offer to buy or sell, or a promotion or recommendation of, any digital asset, security, derivative, commodity, financial instrument or product or trading strategy. This is not intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.

In this week's episode, Imran and David discuss the recent weakness in crypto markets as last week's gains were quickly given back as volatility increased. David flags that month-end typically leads to less liquidity and can be a reason for pullbacks. Imran highlights what the key option flows including the 13Sep expiry finding a relative bid due to the presidential debate scheduled for 10Sep. This week's special guest is Ash Ashmawy, Founder and CEO of Kemet Trading. Imran finds out what led Ash to jump out the world of TradFi hedge funds and into crypto back in 2021, and where he sees the space going.

In this week's episode, Imran and David discuss the recent spike in BTC prices, as the Jackson Hole speech from last week had some stronger language and signalled the start of a cutting cycle. The recent developments in US politics have seen Trump take back the lead in the polls, and they discuss how BTC is likely to trade in and around the run-up to the election. Imran caught up with traders Bob Wallden and Bohan Jiang from Abra Prime Services to see how they were seeing the current market and what trading styles they were employing to navigate crypto, having both come from FX vol backgrounds. Bohan pointed out that the election debate scheduled for September 10th is probably the next big mover for crypto markets.

In this week's episode, we give you something a little different as price action has been somewhat muted in Cryptoland. Imran and David gives their quick takes on macro and volatility but the bulk of the episode covers David's interview with Meltem Demirors, Founder and General Partner at Crucible Capital. Meltem has a wealth of experience in the industry and has some great insights into where the future may be headed and how she is positioning her firm for the opportunities that lie ahead.

In this week's episode, Imran and David sit down with James Van Straten from Cryptoslate, a viewer favorite returning to the show. They discuss the sharp rebound in crypto markets after last week's turbulence and whether the bull run is back on. David still likes everything he sees from a macro standpoint but James thinks the real upside comes in Q4. Imran gives his rundown on crypto vol this week and reveals a couple of his favorite trade ideas right now to position for more Bitcoin dominance.

In this week's episode Imran and David go over the recent meltdown in markets and what has triggered the unwind of the famous Yen carry trade. David explains the macro implications and whilst there has been damage done to short-term positions, the consequence of recent turmoil is that it likely brings us closer to the FED turning on the liquidity taps again. Imran also catches up with John Kim and Beimnet Abebe from Galaxy Digital to find out what they've been seeing through the recent market madness.

In this week's episode David and Imran speak to Conrad Carvalho, Head of Trading at Oaktree and Lion, a proprietary trading and research firm specializing in crypto options. David gives his update on the latest macro developments over the last few weeks as we head into a week of key data from FOMC, Non-farm payrolls, and Mega-cap tech earnings. Imran and Conrad discuss the latest vol crush in crypto options and Conrad explains some of the approaches he uses to extract value from mis-pricings in the vol surface while running a market-neutral strategy. This is another great example of an equity derivatives professional with decades of experience finding the allure of crypto vol an opportunity to good to miss.

In this week's episode Imran host Shaun Fernando, Chief Risk Officer at Deribit, and Antonio Vulcano, Senior Trader at Laser Digital. This discusses the topics of the moment in crypto like the rally triggered by the weekend's assassination attempt on Donald Trump and the impending launch of ETH ETFs next week. Imran gives his quick macro summary and discusses the current volatility conditions in crypto options markets with Antonio. Shaun gives some color on Deribit's tight risk framework and how they can navigate the storms in crypto markets better than most.

In this week's episode, Imran and David host Katia Babbar and William McGhee the co-founders of Immersive Finance. They discuss how they are meeting the needs of institutional players in the crypto space in terms of rich, granular data sets and detailed risk management capabilities after many decades in traditional finance on the FX side. Katia also explains that they want to cater for the growing crypto-structured products market where banks will ultimately be the front runners and need top-tier systems to be able to manage more complex and dynamic risks. David gives his macro rundown and Imran discusses how hedges paid off last week and why he was monetizing some, especially on ETH.

In this week’s episode Imran and David host Johnny Fry, Head of Digital Asset Strategy at Clearbank. They discuss how blockchain technology is changing the infrastructure across financial markets and improving efficiency and transparency. The strong use cases behind stable coins and tokenization are not going away. And Johnny explains how it is a matter of when and not if the entire financial system adopts this technology. On the macro front, David breaks down the recent wobble in markets in the context of quarter-end liquidity drain and Imran summarises what the option flows are indicating for the next few weeks.