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I think Bitcoin is loved due to its current price in USD. What will an investor prefer between owning BTC (at around $38000 and 50% volatility) or USD (10% volatility and soon receiving short term interest rate above 2% for the first time since 2012)?

It is ok to raise capital at a higher share price (as long as one can convince investors). For a small corporation, two main instruments are used: capital (voting rights) or partnership account (no voting rights but rate of interest, if any, to be paid). The legal structure depends from the...

In details it means for instance: 1/ to found the company with $200k (20m shares at $0.01) 2/ to find investors with $1.8m through a share capital increase (30m shares at $0.06) As the initial founder you still own 40% of the company. Your net worth jumps from $200k to $1.2m. $0.06 is still...

Everything that is rare is expensive (except in nft). Current jack dorsey's first tweet nfts include (source opensea.io): - Jack Dorsey's first tweet in pixel format 800_800px (Jack Dorsey's first tweet, owned by Bored-Ape-Club-Billio...) - jack-twitter (Twitter metaverse, quantity:100, owned...

In the strike.me FAQ: "The IRS has said that for US federal income tax purposes, bitcoin is considered property. General tax principles applicable to property transactions therefore apply to transactions in bitcoin. This means that you must report gains and losses on bitcoin transactions in the...

The proof-of-work ban was removed from Europe’s proposed Crypto Reg then added later on (source Alexandre Stachtchenko, KPMG)... The EU Crypto law is set for vote today...

CTFT, RKT, HUMAN, MOUNT, PARAINU from coinmarketcap.com:

Bloomberg Article: "Kim Kardashian, Floyd Mayweather Sued by Investors"

It is a bit more complicated because you usually trade American options. The put-call parity is about European options. Ideally, using an American option pricer with the appropriate dividend model you iterate to find the discrete dividend amount such that ATM American call IV = ATM American put...

There are also pro planet people like Jamie Zawinski, co-founder of Mozilla and Netscape. He has warned of partnering with planet-incinerating Ponzi grifters: https://www.bloomberg.com/news/articles/2022-01-06/mozilla-foundation-backtracks-on-accepting-crypto-after-backlash

As already said, to play skew change: use delta-neutral vega-neutral risk reversal. If you want option-only strategies, the delta hedging is replaced by synthetics. For instance: Buy OTM put / sell OTM call / buy fraction of ATM call / sell fraction of ATM put Such that: Vega(OTM put)= Vega(OTM...

From Liuren Wu so as to explain the P&L attribution: "One can perform a Taylor expansion of the option value change over a short time interval... The partial derivatives capture (risk) exposures to time decay (theta), price movement (delta), volatility movement (vega), second-order effects...

I know that I know nothing and past correlation does not necessarily predict future correlation.

TWS API scheme: Get the initial margin of the portfolio Send an order to purchase 100 XYZ at last price (whatIf feature is set to true) Get the new margin Deduce the margin for $100 of XYZ Margin varies with time. I don't know an easier way.

Charts are easy ways to check data. Technical analysis is pure crap (assume prices follow stochastic process).

Meme and smiley against reality: NY times: https://www.nytimes.com/2021/09/27/business/economy/china-electricity.html Power Outages Hit China, Threatening the Economy and Christmas High demand and soaring energy prices have forced some factories to shut down, adding further problems for...

1.4 billion Chinese are not allowed to buy or hold crypto assets anymore due to lack of energy for their essential needs: I see clearly much less demand for crypto assets.

BITO filled form: https://www.sec.gov/Archives/edgar/data/0001174610/000168386321006052/f10028d1.htm What could go wrong? Environmental risk: Bitcoin mining currently requires computing hardware that consumes large amounts of electricity... Public perception of the impact of bitcoin mining on...

SEC filled form on October, 15th: https://www.sec.gov/Archives/edgar/data/0001174610/000168386321006052/f10028d1.htm TLTR: The Fund seeks to provide capital appreciation primarily through managed exposure to bitcoin futures contracts. The Fund does not invest directly in bitcoin. If the Fund is...

You could lose one business day to exercise the other leg i.e. up to 3 calendar days in terms of cost of carry (whenever the week-end is included) if the delivery date is taken into account (1.2 cents par share). I think bid-ask spread might be significant.