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$Circle(CRCL)$ 【Circle's financial report is coming soon, how to use Options to control risks without missing out?】
CRCL has recently pulled back and has returned to the support level near $150. The first earnings report post-listing is set to be released on August 12, but the market seems a bit too calm: the 30-day implied volatility is only 78%, and the IV Rank is less than 10%. This indicates that this is a report that has not yet been "seriously priced in".
📌 If you're paying attention to market events, now is a window for positioning in volatility:
▶️ Make volatility:
Buy 150 Straddle expiring on 8/15, with a cost of about 21 USD. As long as the stock price moves ±14% on earnings report day, you could potentially enjoy both Gamma and Vega benefits. Suitable for friends betting on a "blowout" earnings report.
▶️ Bearish protection:
For those who are bearish but want to control drawdowns, you can do a 150/130 Put Spread, costing less than 6 dollars, to obtain stable returns with limited risk.
▶️ Long Bias Protection:
Do you think the financial report may bring surprises? You can do a 150/165 Call Spread, the idea is similar, but the direction is opposite, and it's also a small investment to gain upside potential.
🗣️ What do you think about this financial report? Can CRCL stop the decline and rebound, or will it break down directly? Feel free to discuss in the comments. #Circle