Every limit order is a short option.
Hence, market making is selling strangles.
From a static perspective, you're earning premium—the spread—but you're short volatility. You risk losing more than you made on large directional moves.
Positive expected value, but negative skew.
Thalex
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Trade futures, options & combos thalex.com/exchange
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TG t.me/ThalexGlobal
Joined December 2020
- Let's get real – you want lower fees, and we've got them. For 3 months, enjoy 1bps trading fees; that's 60% off. It's not just an offer; it's our commitment to your trading journey.
00:00 - For the aspiring quants out there. 1) Earn 250 ABC just for a testnet run: No funds at stake. Deploy our simplest market maker bot and run it long enough to cross $20M of volume. That's real money for paper trading. 2) Earn up to 1K ABC more for improvement proposals: This is a
00:00 - So, how does one get paid to wait for placing their limit orders at Thalex? Find out how in our latest blog about Thalex's Market Quality Program! 💎 thalex.com/blog/thalex-ma… #bitcoin #ethereum #derivatives
- Vol dip keeps dipping. Spot didn't move. Time did. Observe. OTMs decay faster than ATM. Vanna & charm send their regards.
- Cheap vol means freedom. Freedom to choose options. Let's look back at April through this lens: • Ticker - $BTC-30MAY25-95000-C • Upper plot - Mark vs Index, IV heatmap • Lower plot - P&L attribution by Greeks Three market phases: 1) Tariff scare - price down, vol up toward
- Gm traders, As August comes to a close, it's worth keeping track of dealer gamma exposure. What insight can we gain?
- Every options trade is a volatility trade. But unless you're actively hedging delta, you're mainly experiencing dynamic delta. So it's important to anticipate how delta changes with: • Price (Gamma) • Volatility (Vanna) • Time (Charm) It's intuitive if we visualize this.
- We're proud to announce that we're partnering with Summer Camp by @abetrade and @FoftyPawlow to promote options trading. We'll give $500 in free collateral to each course participant who signs up on thalex. We'll also hand out 5 free courses. To get the chance to win, DM us
- As a perpetual trader, chop is your worst enemy. Now add a long call option to the mix. Chop will suddenly turn into a good friend. Want a concrete example?
- New crypto options and futures exchange #Thalex closes Series A funding round. #Options #Crypto @FlowTraders @Bitstamp @bitfinex @IMCTrading @wintermute_t @qcpcapital
- Options are convex. So is the new Thalex Funded Account Campaign. • Deposit ≥ $100 USDT • Prove you can be profitable • Get a $1000 funded account Your $1000 funded account is an option. An option to trade options. Trade them well and you keep 100% of your profits. We are
- Options take away the worry of getting stopped out. They do leave the worry of when to take profit. BTC-24OCT25-115000-C 10x round-tripped in a day.
- When evaluating price action, traders will interpret candles differently in function of volume. The universal 'UI hack' is to overlay volume on the chart. However, we could also create a candlestick chart where the x-axis represents not time, but a certain amount of traded











