$ZEC options activity picking up on Derive and the boards are looking good
ATM implied vol is 110% out to end of October, which is significantly more volatile than $HYPE at 65%...
Skew is relatively flat which is odd bc I'd expect the 20 delta calls to trade a fair bit over since I'd expect higher volatility with a move up past $1300 by end of Oct (versus a retrace to $800). Could express that view with a long 1300 call / short 800 put + short ZEC perps to hedge the delta.
Only on Derive