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May 7 in
📌Community Guidelines
Welcome to the premier community for crypto options trading. Our objective is to facilitate effective exchanges among professional, advanced, and beginner traders, providing invaluable content and fostering high-quality discussions on crypto options strategies. To ensure that our community remains a welcoming and informative space, we have established the following guidelines for all members to adhere to: - Stay on topic: Please ensure that all discussions are related to Crypto Options Trading, strategies, and our simulator. - Quality over quantity: We value high-quality posts that contribute meaningfully to the discussion. Please refrain from copying and pasting information from other sources. - Review before write: Prior to creating a new post or asking questions, please take the time to review previous discussions to prevent repetition. - Use comments for informative discussions: Comments should serve as informative spaces for discussions. Please avoid using compliments or emojis in your comments. Sometimes it is more effective to add your comments under an already existed post rather than posting a new one. - Respect others: We expect all members to interact with each other respectfully and courteously. Hate speech, insults, or any form of harassment will not be tolerated. - No advertising: It is not permitted to advertise products or services in our community, including personal websites or businesses. - Please note that Failure to comply with these guidelines may result in a ban from the community. By upholding these rules, we can uphold a positive and engaging environment for all members of "Crypto Options Traders." We appreciate your participation in our community and eagerly anticipate your valuable contributions!
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May 5 in
Developing a New Widget for Analyzing Deribit Data
As you know, we have developed a prototype (Market Screener) that allows us to retrieve all trading data from Deribit and combine them as positions of an overall strategy. Our idea is to provide an overall picture of all positions of all market participants, thus viewing the analysis and opinions of all participants as a unified whole. This could potentially help predict the market direction with certain probabilities. For each expiration date, we are considering the probabilities of reaching a specific price level for the underlying asset. The market, depending on its usual volatility, cannot move too far from the current price. The probability of larger market movements within a certain time frame varies. Now, we want to develop a widget that allows us to derive these probabilities directly from the market and obtain a strategy curve that is associated with probabilities for a specific expiry by multiplying it with the curves derived from the overall strategy. To achieve this, we want to use Delta. As we know, Delta is a good indicator for estimating the probability of reaching a certain price level by a specific expiration date. We plan to use the Deltas of the options chain for OTM options and create a curve that, in a sense, represents the probability of reaching a price level. This curve can then be multiplied with the curve of the overall market strategy to derive a probability-weighted market view. We would like to hear your thoughts on this idea: 1. What do you think of this idea? 2. What challenges do you foresee? 3. How can we improve this concept? We look forward to your constructive suggestions and feedback!
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