【BMNR/SBET Double Kill, how to seize the opportunity using Options?】

Last night, BMNR and SBET fell by 8.86% and 8.82% respectively, following an overall correction in the crypto concept. However, from a fundamental perspective, neither company has suddenly weakened: BMNR announced a $1 billion buyback, still holding over $2.7 billion in crypto assets; SBET updated its holdings to 438,000 ETH and has initiated ATM financing again.

Options data also reveals divergent signals. The implied volatility of SBET remains at 151%, but the IV Rank is only 13.7%, and the buyer's Vega cost has receded; although BMNR's trading volume has increased to an average of 182% per day, the Put/Call ratio is only 0.73, indicating no panic sentiment.

Referable Options operations include:

➢ If betting on a rebound: SBET can consider the 22/27 bull spread expiring on 8/8, with a small investment and a clear risk-reward ratio.
➢ If you judge a consolidation: BMNR can sell the 30/40 straddle expiring on 8/15 to collect premiums, while needing to control margin and tail risk.
➢ If you already have spot: SBET can use 8/22 20 P for protection, locking in downside risk.

After the decline, there are still opportunities; it just tests rhythm and combination strategies more. #OptionsTrading