Sep 08 Trading Analysis: Be Long in the face of adversity...

Trading Crypto with Eugene is a series of daily commentary of market analysis and trading advice shared by Eugene Ng of Matrixport, a veteran trader with 10 years of experience in top-tier global investment banks. If you like the article, please follow us here on Blockchain.News so you won't miss our future publications.

Over the weekend, ETH was literally getting taken to the slaughterhouse, down almost $100 at one point. DeFi tokens also getting smoked (no surprise, what goes up must come down eventually). On the other hand, BTC was holding up relatively well, trading above the $10K level. With the current weakness, puts were the flavour of the week, resulting in implied volatility spiking; ETH > 100% and BTC close to 70% for 1-month. I'm actually thinking that it could be a great opportunity to start accumulating BTC or ETH at these levels. Check these out: 

BTC

Sell 4-day 9.5K puts for 35% annualized

Sell 4-day 9.75K puts for 70% annualized

ETH

Sell 4-day $280 puts for 20% annualized

Sell 4-day $300 puts for 35% annualized

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