Nick Forster | Derive(@nickforster):Another one from the end of July - $0 in premiums paid selling the August end $50 puts to buy the $60 calls. Would have paid out ~$200,000 if you put this on (someone tell me you did) Obviously $HYPE won't 1.5x every month, but you can get wonderful long term leverage via options when it does. Mkt has now consolidated after the recent up move and the at the money implied volatility out to Sep 25th is now ~65% (roughly 3.25% average daily expected move). $100 strike calls are trading at ~$1.60. If HYPE does rip through $100 before end of month, these give you 62.5x leverage to the upside beyond $100 (you get $0 back if HYPE doesn't break $100). ~70% implied vol. Don't hate em for a punt but as always NFA.

2026.09.03 18:41

Another one from the end of July - $0 in premiums paid selling the August end $50 puts to buy the $60 calls. Would have paid out ~$200,000 if you put this on (someone tell me you did) Obviously $HYPE won't 1.5x every month, but you can get wonderful long term leverage via options when it does. Mkt has now consolidated after the recent up move and the at the money implied volatility out to Sep 25th is now ~65% (roughly 3.25% average daily expected move). $100 strike calls are trading at ~$1.60. If HYPE does rip through $100 before end of month, these give you 62.5x leverage to the upside beyond $100 (you get $0 back if HYPE doesn't break $100). ~70% implied vol. Don't hate em for a punt but as always NFA.