KoolKrypto(@koolkrypto223):Just put on this $ZEC put ladder on @DeriveXYZ. Dec25 expiry, buying 2500x1200P, selling 2500x1000P and 2500x800P. Paid $100k premium, max PNL $400k between 800-1000, breakevens at 640 and 1160. Could be a punt with how strong $ZEC has been, see this as both a hedge to some spot holdings and a bet that maybe Garrett just done goofed and pico topped the $ZEC market. Possible EOY weakness and just sheer gravity gives some good confluence for betting on at least some $ZEC pull back. Prefer expressing this view through puts so I don't get my face ripped being short on perps. Wouldn't pile into this one like you guys did with the 5000/7000 $ETH CS, but figured I'd share for fun.

2026.09.19 19:35

Just put on this $ZEC put ladder on @DeriveXYZ. Dec25 expiry, buying 2500x1200P, selling 2500x1000P and 2500x800P. Paid $100k premium, max PNL $400k between 800-1000, breakevens at 640 and 1160. Could be a punt with how strong $ZEC has been, see this as both a hedge to some spot holdings and a bet that maybe Garrett just done goofed and pico topped the $ZEC market. Possible EOY weakness and just sheer gravity gives some good confluence for betting on at least some $ZEC pull back. Prefer expressing this view through puts so I don't get my face ripped being short on perps. Wouldn't pile into this one like you guys did with the 5000/7000 $ETH CS, but figured I'd share for fun.