Aug. 18 at 4:20 PM
$PURR interesting option trades in the December contracts. Selling (maybe buying but bad trade imo)
$7 straddles for
$3+ premium. It weuld have to move against you by a significant amount either direction after earnings& IV crush eat into that premium.
Liquidity ncreasingin options for
$PURR.
Bullish
1. still dominates the perp trade
2. Great platform that allows others to build products on top of it
3. 24/7 trading scared CBOE into offering exended hours trading for certain options
4. CEX/DEX hybrid platform can transact 200,000 orders in under a second
5. proved its value with ipos, oil and Friday night news dumps now are priced in by Monday and futures open more and more at the Hyoerliquid perp price.
Bearish
1. Due to 50/50 splits on fees with apps like MetaMask and Phantom, fee volume has been cut in half this year, meaning lower buybackls.
2. Trump Jr. is on the board of polymarket and an advisor to Kalshi
3. No US access YET but progress