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![crypto_condom Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1424441728770220037.png) CryptoCondom [@crypto_condom](/creator/twitter/crypto_condom) on x 120.1K followers
Created: 2025-07-21 19:50:28 UTC

A good fren dm'ed me asking what the short thesis is vs buying Dec puts when the investor unlocks begin . 
The reason is that I wanted downside protection for the next 60days and IV was wayyyy cheaper in Sept than Jan. As such: 
X. IMO Aug correction likely among equities,
X. Earnings are likely be quite bearish 
X. WLFI, PayPal, Ethena (in bulla anyway), ripple, citi and tether are among steep competition that will eat into the circle pie
Will roll to later if needed but already ITM fwiw.


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**Related Topics**
[bearish](/topic/bearish)
[stocks](/topic/stocks)
[iv](/topic/iv)
[investment](/topic/investment)
[dec](/topic/dec)
[fren](/topic/fren)
[$pypl](/topic/$pypl)
[stocks financial services](/topic/stocks-financial-services)

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