Crypto Options Unplugged

In this week's episode, Imran and David are joined in the studio by Stefan Rust, Founder and CEO of Truflation. They discussed the recent FED rate cut and new stimulus measures from China which have helped to restart the crypto rally in the last week. Stefan explains what inspired him to kickstart Truflation over 3 years ago and how the markets are embracing his new and innovative way of produ...

In this week's episode, Imran & David discuss the recent price action in the crypto market in the wake of a dramatic repricing in rate cut odds. With a 50bp cut now the most likely outcome, they discuss why BTC is not moving up in line with US stock markets. Imran catches up with special guest Marty, CIO of Mymo Group and prominent crypto Twitter influencer to get his perspective on the cu...

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 ele...

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 10...

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...

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 w...

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 t...

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...

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...

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 conditi...

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 gro...

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 syst...

In this week’s episode, Imran and David discuss the recent drop in crypto prices and whether or not the short-term bottom is in yet. David cautions against the impact China maybe having in crypto markets but overall feels that the Mnt. Gox distribution is priced in. Imran catches up with Andrew from Thinking Greeks to get his thoughts on crypto vol and the best opportunities to play in options rig...

In this week's episode David and Imran welcome Dennis Ehlert, a derivatives trader from Amina Bank. They discuss the broader trends in crypto markets in terms of institutional adoption and how we are still very early on in building out infrastructure for real money flows. David gives his 30k ft view on the latest macro developments. Imran and Dennis highlight the main flows they are seeing in...

In this week's episode, David and Imran discuss the recent developments in the US labor market that have created headwinds for crypto prices in the near term and ahead of key inflation data this week. Imran also has an in-depth chat with Sean McNulty from Arbelos Capital and Douglas Comin from XBTO about crypto vol markets and how they differ from other more traditional asset classes such as F...

In this week's episode, apart from the usual macro, crypto, and volatility round-up, Imran catches up with Arbelos Capital Co-founder Shiliang Tang and trader Sean McNulty to discuss what trends they are seeing in the institutional crypto vol space. It was an enlightening discussion with some very seasoned players in the market who have become one of the dominant market makers in crypto option...

In this week's episode David And Imran discuss the swift policy shifts we have been seeing around crypto regulation in the US fuelled by Donald Trump embracing crypto in his campaign. The Biden administration has likely realised that they have no choice but to lighten up regulation to appeal to the 50 million or so US voters who use cryptocurrencies. Overall the landscape looks ripe for the st...

In this week's episode, Imran and David welcome James Van Straten from Cryptoslate as they take a look into the world of on-chain analytics. James writes reports analyzing these important metrics to help traders forecast trends in crypto assets. This unique approach and the granularity of the flow data that is unavailable in TradFi markets has become somewhat of a must-have tool for serious cr...

In this week's episode, Imran and David welcome Andrew Melville, volatility research analyst at Block Scholes. They take a deep dive into what Andrew has been seeing in crypto volatility trends and how institutions are trading volatility in this rapidly growing asset class. Imran breaks down why options traders use butterflies to buy or sell convexity and discusses the reason why the volatilit...

In this week’s episode Imran and David discuss the game changing macro developments that triggered a sharp bounce in crypto and risk assets. The FOMC was more dovish than investors had feared as rate hikes were taken off the table and a larger taper of QT means more liquidity to drive risk assets higher.  Imran runs through his usual crypto vol insights which showed a reduction in BTC skew as put...

In this weeks episode David and Imran discuss the recent gyrations in FX markets and what implications they may have for crypto prices going forward. David remains convinced that weakness in Asian currencies will keep pressure on the Fed to be more dovish than interest rate markets are pricing. Imran catches up with Jeff Anderson from STS Digital to get his thoughts on crypto vol markets and where...

In this week's episode, Imran and David discuss the recent risk rally that has kicked off this week as geopolitical tensions abate with Iran not looking to counterattack Israel. Cross-asset volatility spiked last week but is reverting quickly as Gold and Oil give back some of their gains. Interest rate vol also means reverting after a large spike and the path and speed of yields from here will...

In this episode, Imran and David give an update on the latest crypto action as geopolitics and inflation fears have put investors on edge. With the conflict in the Middle East likely to drag on for at least a few more weeks, it may be difficult for crypto markets to recover even though the bitcoin halving was touted as a positive catalyst. Imran catches up with JJ (the JLabs Janitor) who analyses...

In this week's episode, Imran and David analyze recent trends in crypto markets, including Ethereum's recovery and the impending Bitcoin halving. They discuss the impact of macroeconomic factors such as rising gold prices and international desires for lower US dollar values and interest rates. Additionally, they speculate on potential outcomes from Yellen's meeting with Chinese officials and explo...

In this weeks episode Imran and David discuss the pause in the crypto rally which has led to some key supports being breached and what macro forces may be driving it. The stronger dollar and China needing BTC to look less appealing to stop capital flight are factors that David dissects in more detail. Imran catches up with Greg Magadini from Amberdata to find out what he has his eye on in crypto v...