🔍 Circle: Price Discovery Under Pressure?
Circle ($CRCL) is entering a new chapter with options trading now live—ushering in increased volatility and two-sided flows. Historically, newly listed crypto-aligned stocks that experience rapid appreciation often retrace when derivatives become available, as traders hedge or speculate on reversals.
⚠️ Valuation vs. Reality
Circle's valuation—after a 200%+ YTD surge—looks stretched when benchmarked against revenue visibility, regulatory headwinds, and its core dependence on USDC transaction volume and stablecoin adoption. Unlike pure software names, Circle's margin profile is more sensitive to macro tightening and yield differentials, especially if interest rate cuts are delayed.
🛠️ Options Strategy: Tactical View
For cautious bulls: Consider protective puts or covered calls to lock in gains while staying exposed.
For bears: Short-dated puts or put spreads around the $95–$100 zone offer asymmetric return with limited capital.
Neutral bias? The implied volatility spike post-options launch may make short straddles tempting—but risky in an illiquid market.
📊 Key Levels to Watch
Psychological support: $100
Technical pullback floor: $85
Sentiment pivot: Volume shift post-options expiration cycle
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- Merle Ted·2025-06-13PE 1331.. way to high $3.5 is more reasonable priceLikeReport
- Enid Bertha·2025-06-13300+越买越多LikeReport