Kraken head of OTC explains the bullish signals to look for in bitcoin options
Juthica Chou is the head of OTC options trading at Kraken and the former president of LedgerX.
In this episode, Chou explains how crypto's recent rally is being reflected in the options market, and what signals to pay attention to in the weeks ahead.
According to Chou, volatility has returned to the market after months of relatively little activity:
"The market's definitely pricing some big moves. And I always say, like if it can go up fast, it can go down faster."
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LedgerX on the Reasons to Trade Bitcoin Options - Ep.130
Juthica Chou, chief operating officer of LedgerX, talks about the company's new license to offer its derivatives to retail investors and the resulting platform, Omni. She walks through what call and put options are, how they work and why people and companies purchase them as opposed to just buying or selling bitcoin directly. We discuss why LedgerX believes physically settled bitcoin options are superior to cash-settled ones, how LedgerX handles hard forks, and other contracts focused on the technicals of crypto networks it could offer such as its halving contract. Plus, she describes what it was like to be building a Bitcoin-centered company during the "blockchain not Bitcoin" era.
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Crypto.com: https://www.crypto.com/
Kraken: https://www.kraken.com
CipherTrace: http://ciphertrace.com/unchained
Episode links:
LedgerX: https://www.ledgerx.com
Juthica Chou: https://twitter.com/juthica
LedgerX blog posts introducing Omni: https://blog.ledgerx.com/the-long-game/
https://blog.ledgerx.com/introducing-omni-powered-by-ledgerx/
https://www.coindesk.com/cftc-approves-ledgerx-to-settle-futures-in-real-bitcoin
https://www.coindesk.com/ledgerx-reveals-bid-to-beat-bakkt-to-physical-bitcoin-futures-launch
CNBC interview with Ari Paul about why he bought $50,000 Bitcoin call option: https://www.cnbc.com/video/2017/12/26/man-behind-massive-bet-that-bitcoin-could-hit-50000.html
Cheddar interview: more opportunity with the retail market:
https://cheddar.com/media/ledgerx-wins-u-s-regulatory-approval-to-trade-bitcoin-futures
Bitcoin halving contract: https://blog.ledgerx.com/a-new-type-of-contract-for-a-new-type-of-asset/
https://www.coindesk.com/ledgerx-unveils-betting-market-for-2020s-bitcoin-block-reward-halving
Ledger on how to it would handle the Bitcoin Gold hard fork: https://www.ledgerx.com/s/LedgerX-LLC-Notice-to-Participants-2017-10.pdf
Call option for $100k Bitcoin by December 2020: https://www.bloomberg.com/news/articles/2019-07-16/anybody-can-now-bet-on-bitcoin-100-000-with-new-call-options
Unchained interview with Dan Morehead of Pantera Capital: https://unchainedpodcast.com/pantera-capital-how-bitcoin-could-reach-356000-in-a-few-years/
Cboe stops listing Bitcoin fuures:
https://www.coindesk.com/cboe-puts-brakes-on-bitcoin-futures-listing
https://www.wsj.com/articles/cboe-abandons-bitcoin-futures-11552914001
Why CME’s futures saw more volume than Cboe’s: https://www.coindesk.com/cme-cboe-bitcoin-futures
How Bitcoin futures will be taxed: https://blog.ledgerx.com/less-taxation-with-digitization/
Doomschain clock/attitude toward private blockchains: https://blog.ledgerx.com/updating-the-doomschain-clock/
Oracle blog post: https://blog.ledgerx.com/how-to-talk-to-the-oracle/
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