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By parvashasan · Posted
Ready to Fight represents the first real attempt at bringing the global boxing community of over 50 million athletes, promoters, trainers, managers, and diehard fans into the world of decentralized social media and finance (SocialFi). It was founded by none other than heavyweight boxing superstar Oleksandr Usyk and blockchain entrepreneur Sergey Lapin. The native RTF token acts as the lifeblood of this intricately designed web3 social network. Stake RTF to access premium content and services. Use it to directly sponsor fighters you support or pay trainers for their time. Spend RTF on limited-edition boxing gear or merchandise drops. Thanks to the RTF listing on Bitget, crypto enthusiasts and boxing fans alike can now invest in and drive the rapidly expanding ecosystem. The low initial circulating supply and market cap suggests a massive upside for this first-of-its-kind SocialFi platform serving the boxing world. -
By CryptoSaint · Posted
Pepe Coin's surge, driven by significant whale accumulation, has propelled it to the third-largest meme coin position. With strategic buying, the investor has already seen substantial profits, sparking bullish sentiment in the broader meme coin sector. -
Rallies in FTSE 100, DAX 40 and Dow have further to go Outlook on FTSE 100, DAX 40 and Dow as investors pile back in to global stock markets. Source: Getty Images Written by: Axel Rudolph FSTA | Senior Financial Analyst, London Publication date: Wednesday 24 April 2024 13:48 FTSE 100 hits yet another record high A weaker pound sterling and foreign investor buying of the undervalued UK blue chip index propelled the FTSE 100 to a record high on Monday. The pound sterling bouncing back following hawkish comments by BoE chief economist Huw Pill has not put a spanner in the works with the FTSE 100 hitting yet another record high and remaining on track for its fourth straight day of gains. Minor support sits between the early-to-mid-April highs at 8,046 to 8,017. Medium-term the 161.8% Fibonacci extension of the March-to-June 2020 advance, projected higher from the October 2020 low, around the 8300 mark represents a possible upside target. Source: ProRealTime DAX 40 regains lost ground The DAX 40’s strong rally off last week’s 17,400 low has gained traction and is trying to overcome last week’s high at 18,195. If overcome on a daily chart closing basis, the 8 April high at 18,329 will be in focus, together with the 4 April high at 18,429. Minor support can be spotted around the 5 April low at 18,085 and around the psychological 18,000 level. Source: ProRealTime Dow sees strong three straight day rally Since last week the Dow Jones Industrial Average regained lost ground and has risen by around 3% with the 55-day simple moving average (SMA) at 38,783 representing the next upside target, together with the 10 April high at 39,029. Potential slips may find support around the 38,452 March low and further down, around the late February 38,336 low. Source: ProRealTime
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Question
Guest jamesleo1
Hey! I have tried my hardest to read as much as I can about this before posting but im stuck. please help
Lets Say the FTSE100 is trading at 7110. To buy a call at 7110 is 20, and the spread is 5. To buy a put at 7110 is also 20, and spread is also 5 (I am trying to straddle)
Now as soon as I buy both of these I am -£5 -£5 = -£10 profit/Loss
I expect that if the market moves up 15 Points, My Short is now -£20 (the maximum I can lose), and my Long is now £-5 + £15 = £10.
If the market moves back down 15 Points I expect to be back to -£10 profit/Loss again
This does not seem to be the case.
What happens seems somewhat random, With me starting out at -£10 P/L and ending up at say -£20 P/L. How can this happen If I straddle both "at the money" and my strike price is the opening price of the trade, given that both options have the same price and spread?
I know that the various "greeks" determine the opening price for an option, do they also control how much the option moves during the trade? can they change during the trade?
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