You can drive away in this FTT token TODAY!
November 8, 2022
–Election day and 3-yr auction. I’m leaving now to get to the voting booth (for the FIRST time today)
–According to coinmarketcap.com FTX token FTT is down over 21% today. Bitcoin is down over 5%, as there appears to be a run on FTX. Binance is said to be liquidating its holdings of FTT tokens. Citing the same website:
The global crypto market cap is $982.67B, a 4.56% decrease over the last day.
Not enough to get excited about, at its peak in November 2021 the crypto market was supposedly valued at over $3 trillion. As a comparison, Invidia alone lost over $350b market cap, more than half its value, since December.
–Option activity on the short end favored upside:
BUY 60k SFRZ2 9575/9587.5cs 0.25
BUY 20k SFRZ2 9531.25/9543.75cs 6.75
BUY 20k SFRH3 9525/9587.5cs 6.5
SELL 30k SFRZ2 9537.5/9525.0ps 5.0
SELL 20k SFRH3 9550/9500ps 37.25
January FF settled 9557.5 or 442.5. EFFR is 383. If there’s a 25 hike at the Dec FOMC, then EFFR = 408, which would put the top listed call spread in play, depending of course on the Feb 1 FOMC odds.
If there’s 50 in Dec, then EFFR 433 (a price of 9567). The second call spread listed, Z2 9531.25/9543.75 should fill in with only 50 bps.
If there’s 75 in Dec, then EFFR 458 (a price of 9542). Again, depending on how the Feb 1 meeting is priced, the SFRZ2 9537.5/9525ps should go out worthless. Currently Jan FF give a slight lean towards 50 rather than 75.
–There were a few articles about USED CAR price declines according to the Manheim index. It had to end sometime….
https://publish.manheim.com/en/services/consulting/used-vehicle-value-index.html
