In this week’s podcast, Imran Lakha and David Brickell host special guest Manvir Nijhar, ex-head of UK equity derivatives at SocGen.
Manvir is an active trader of crypto options on Deribit and gives some insight into the type of strategies he employs to profit from crypto volatility. As always, David gives his rundown on the macro forces that are supporting the latest move and Imran breaks down the key options flows that are moving the vol surface. David’s conclusion is to not fight the flows as the supply vs demand imbalance in Bitcoin is getting even worse as MicroStrategy raise more debt for BTC purchases. Imran remains well hedged for a correction but questions at what point hedges need to be reduced.
The following topics is covered:
0:00 – Introduction
1:30 – What is driving this move?
2:37 – Institutional FOMO
3:50 – Meme coins
5:00 – How Manvir got into crypto
7:00 – Crypto options & hedging on Deribit
12:22 – Ethereum outperforming?
14:26 – Bitcoin price prediction
15:10 – Macro insights
18:20 – QE is coming back?
20:00 – Michael Saylor
21:55 – Volatility update
27:50 – Thoughts on the volatility
31:50 – Insights on Manvir’s strategy
36:40 – More premium on ETH vs BTC?
39:00 – Deribit Solana options
40:10 – BTC/ETH Cross collateral
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Disclaimer: The content presented on Crypto Options Unplugged is not intended as investment advice. Always conduct your own research.
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