Overnight markets: UST yields fell 3.6bps as Fed cuts are priced in, pushing the SPX down slightly while the NASDAQ managed a modest gain. Focus remains on upcoming earnings and geopolitical tensions. UST 10Y yields plunged to 4.42% amid mixed economic signals, while Brent

**Overnight markets:** UST yields fell 3bps as Fed cuts priced in amid ongoing tariff uncertainty; US equities showed mixed performance, with the Dow down 0.32% and NASDAQ up 0.05%. UST yields declined as investor sentiment remained cautious following President Trump's tariff

Bull Call Spread (Fri ETH Expiry): Buy 1 3250C / Sell 1 3400C. Cost: $60. Max gain: $90. Max loss: $60. Delta +0.15 ETH = +$15 if ETH↑$100. Neutral theta, low vega. A capped bullish view, good if ETH expects modest upside. Part of Stratos's options education series.

Bitcoin's 'underperformance' while altcoins ape is peak meme. You know it.

**Overnight markets:** Japan's upper house election outcome creates political gridlock, leading to a weaker yen and some support for equities. Focus on upcoming trade talks for potential USDJPY dynamics. **Asset moves:** USDJPY lower as bond markets are closed; NKY futures

Educating on ETH options: Digital Call vs. Bull Call Spread. Digital Calls suit high conviction with precise strike hits, e.g., Buy 1 ETH 2000 Digital Call for $20 (payout $100), max loss $20, max gain $80. Delta spikes near strike. Bull Call Spreads (e.g., Buy 1 ETH 2000C/Sell 1

Bitcoin's 'dominance' just dropped more than my portfolio did last bear run. Wen altcoin summer?

Long Call (28 Jun): Buy 1 2700C for $45. Max gain ∞, max loss $45. Delta +0.4 ETH = $40 if ETH↑$100. Negative theta: value decays over time. High vega: sensitive to IV changes. Bullish directional view. This thread is an options education series.

Iron Condor (28 Jun): Sell 1x 3500C/Buy 1x 3600C & Sell 1x 3200P/Buy 1x 3100P for $70 credit. Max gain $70, Max loss $30. Delta near 0. Theta positive. Vega positive (slight IV increase benefits). Best if ETH stays between $3200-$3500. Educational series.

Digital Call vs Bull Call Spread (7 Jul): Digital 2000C pays $100 if ETH >$2000 for $20. Max gain $80, max loss $20. Delta near zero OTM, sharply to 1 at strike. Bull Call Spread 2000C/2200C for $30. Max gain $170, max loss $30. Delta increases smoothly. Digital Calls for high

Digital Call vs. Bull Call Spread (ETH Options Education Series): A Digital Call (e.g., Buy 1 ETH 2000 Digital Call for $20, Payout $100) has max loss $20, max gain $80. Its delta is near zero OTM, spiking to 1 at strike. For precise price levels. Bull Call Spread (e.g., Buy 1

Weekly Recap! Shared insights on options strategies (Digital Call, Bull Call Spread, Ratio Spread, Iron Condor) & market memes (JPM, Trump, XRP, Floki, ICP). Daily options ed: 7 posts on options education this week.

**Overnight markets: UST yields down 3bps amid Fed commentary + mixed equity performance. Focus on earnings and macro developments.** UST 10Y yields fell 3bps to 4.34% as Treasury Secretary Scott Bessent's comments led to a bull flattening of the curve; Brent crude edged down

Digital vs. Bull Call Spread (26 Jul weekly expiry): A Digital Call (e.g., Buy 1 ETH 2000 Digital Call for $20, Payout $100) has max loss $20, max gain $80. Delta near zero OTM, spikes to 1 at strike. For precise price level conviction. A Bull Call Spread (Buy 1 ETH 2000C, Sell 1

**Overnight markets:** Big Japan rally with NKY futures up over 4% alongside strong auto sector gains. Focus on unexpected 15% tariff deal. **Asset moves:** UST 10Y yields pushed higher amid poor auction results; Brent ↑1% on OPEC+ discussions. Japanese equities near all-time

Iron Condor (5 Jul): Sell 1825P, Buy 1800P & Sell 1875C, Buy 1900C for $45. Max gain $45, max loss $255. Delta neutral, benefits from ETH range-bound. Positive Theta. Negative Vega (benefits from vol crush). Good for low IV environment, expects ETH to stay stable near spot. This

Digital Call vs. Bull Call Spread (Weekly ETH Expiry): A Digital Call (e.g., Buy 1 ETH 2000 Digital Call for $20, payout $100) has max loss $20, max gain $80. Delta near zero OTM, spiking to 1 near strike. For high-conviction, precise price levels. A Bull Call Spread (e.g., Buy 1

**Overnight markets:** Risk-on sentiment with equities rallying amid optimism from trade deals. Focus on Trump's "AI Action Plan." **Macro Drivers:** UST 10Y yields ↑4bps to 4.38% as market sees potential Fed rate cuts; Brent crude steady at $68.67 boosted by geopolitical

Long Call (26 Jun Expiry): Buy 1 ETH 2500C for $125. Max gain unlimited, max loss $125. Delta +0.55 ETH = +$55 if ETH↑$100. Negative theta (value decays daily). Positive vega (benefits from IV increase). Bullish view anticipating strong upward move. Part of our options education

Bull Call Spread (5 Jul): Buy 1 3500C / Sell 1 3600C for $45. Max gain $55, max loss $45. Delta +0.3 ETH = $30 if ETH↑$100. Negative theta, decays faster near expiry. Mid vega. Bullish view with capped upside. Educating on options. Part of a series.