In this week’s edition of Option Flows, Tony Stewart is commenting on large trades and even more FUD to the market.

June 8

Normally write when Options active, but tape bereft of large trades, yet market sentiment (distinctly BTC) extreme negative and FUD rife.

Skew (extreme high) confirms.
But Implied Vol apathetic,
Interpretation: Protection on, concern, no panic.

2) Flow continues without a doubt to be negatively biased, but Option volumes are low and while Vol moves around, it is contained.

This is a market enchanted by darkness and fear, but still a distance from the Bear hysteria cantillation, prevalent on media.

Bulls are grazing.

View Twitter thread.


Tony Stewart Tony Stewart

ex-MS Head of Trading desk /BTC Vol. Prop trading /Option Market forensics/ Alter Ego account Digital Asset arena. Tweets are my opinion, not financial advice.