Options are now available on the T-REX 2X Inverse DRAM Daily Target ETF, $RAMZ. Traders now have another instrument to express or hedge a -2X daily view on the Roundhill Memory ETF (DRAM). Options involve risk and are not suitable for all investors. View the fund page and disclosures:

Options flow on Derive this month has been telling three very different stories. ETH is the conviction long: +$2.4M net bullish premium, mostly put underwriting between $1.8k and $2k and synthetic longs. Positive flows every single week. BTC came in hot with an early month bull put spread, went quiet, then started chasing ATM calls once spot pushed toward $66k. +$2.0M overall. HYPE is the interesting one: -$0.9M. Overwriters sold the $71 top almost perfectly, and dip buyers have been fighting the tape ever since.

Options on $RAM are now available. The Roundhill T-REX 2X Long DRAM Daily Target ETF is a 2X daily leveraged ETF on the Roundhill Memory ETF (DRAM) and the only 2X ETF built in partnership with Roundhill. RAM now has listed options for traders looking to layer in additional strategies on the memory-chip trade. RAM seeks 2X DRAM daily and resets each day. Not buy-and-hold. Prospectus and full risk disclosures: $RAM $DRAM

Options are often taught as strategies. On an institutional trading desk, they’re tools to express a view. FalconX Senior Derivatives Trader Bohan Jiang shares how institutional traders approach options, volatility, and mispricings in crypto markets. Tune in on @TheMarketHuddle:

OPTIONS APPROVED: SEC has just granted accelerated approval for the listing and trading of options on $IBIT. Here's the full approval. h/t @News_Of_Alpha

Index-options trading volumes in India have slumped in the first week of a new closing auction mechanism as traders adjust to one of the country’s biggest market-structure overhauls in years