期权研究
Can Covered Calls Grow a Litecoin Treasury?
Luxxfolio wants to sell covered calls on part of its LTC and DOGE treasury through Hypercall. We ran the strategy against eight years of Litecoin prices to see when it adds coins and when it gives them away.
阅读更多 2026-09-23How One Options Trade Became 15% of Hyperliquid's S&P 500 Volume
A trader bought a $7,100 bet on the S&P 500 falling. The market maker on the other side spent the next 15 hours hedging it on Hyperliquid, and traded $14.8 million doing it.
阅读更多 2026-08-17BABA Is Priced as Commerce. Its Long-Dated Options Ignore the AI Rewrite.
Alibaba's commerce engine funds Cloud, Qwen, and T-Head. The stock carries a China discount; long-dated options barely price the chance that the company changes category.
阅读更多 2026-08-17SanDisk Is Up 3,585%. The Options Market Has Scheduled the Verdict for 2028
How a memory-card company became the purest AI storage trade on US markets: the inference storage problem from first principles, the NAND squeeze, an 84.6% gross margin quarter, $93.9B of contracts, HBF, and what four vol surfaces say about each other.
阅读更多 2026-06-11The Next Trillion Dollars of Stablecoins Will Be Built on Options
Vitalik proposed replacing debt and liquidations with option pairs as the base layer for synthetic dollars. We explain the idea from first principles, price it on live Deribit data, and backtest it through nine years of ETH crashes. The missing piece is an options venue.
阅读更多 2026-06-03RPI: The Execution Model Between RFQ and CLOB
The RFQ vs CLOB debate misses the point. RPI gives you a transparent orderbook with a pre-trade auction that guarantees price improvement. Here is how it works, why options need it, and what it means for perps.
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