Weekly market analysis, a full derivatives curriculum, and deep-dive lessons from high-volume market makers and traders with TradFi roots operating in crypto. Free. No course fees. No fluff.
How it works
A Monday setup and Friday debrief every week. What moved, why it moved, and what it means for your positions.
A foundational derivatives curriculum covering the full basics, plus a growing library of lessons spun off from weekly market events.
Real-time Q&A and direct desk access with the Harmonic team. Coming with exchange distribution partnerships.
Layer 1: Weekly brief
Two pieces per week. Monday sets the frame, Friday closes it.
Three weeks ago Saylor sold 32 BTC and the market freaked out. Here is the full story behind why, and why the machine he built to buy Bitcoin is currently switched off.
Read →How the week closed after the Fed held rates, what the dollar strength means for BTC, and where the market is positioned heading into next week.
Read →BTC at $66,500 after the Iran deal. ETF buyers are driving the move, not leveraged perp longs. Here is what the funding data is actually saying.
Read →How the week resolved, where open interest landed, and the carry trade setup heading into next week.
Read →A liquidation cascade week, a funding rate story, and what the data says about who actually got wrecked.
Read →Layer 2: Lesson library
Each lesson spins off a market event covered in the weekly brief. More added as the blog grows.
How to compare perp funding to expiration basis, calculate BNOC, put on a delta-neutral spread, and borrow dollars against your crypto without a lender.
Spun off from: The Trade of the Week Is Already in Motion, June 15
Available nowHow the funding rate is actually calculated, what the four regimes mean, and how to read it as a structural signal before every trade.
Spun off from: The Trade of the Week Is Already in Motion, June 15
Available nowThe Understand / Apply / Case Study breakdown of what cascade mechanics look like in real data and how to position around the recovery.
Spun off from: When The Market Shakes You Out, June 8
Layer 2: Core curriculum
Eight modules plus a capstone. The foundational groundwork on how derivatives markets actually work. Built by Joe Perry and Jason Thelen from 45+ years of institutional derivatives experience.
How perpetuals, futures, and options are structured. How funding rates work and how to use them as a strategic input. How to size a position around volatility, read open interest as a map of participant behavior, and construct trades with defined risk. The full picture, from mechanics to execution.
What derivatives are, why they exist in crypto markets, and the liquidation mechanism behind the majority of retail losses.
How expiry futures are priced, how basis forms, and what contango and backwardation mean for anyone trading carry.
Calls, puts, strike selection, and how options let you define your maximum loss before the trade is on.
How binary event contracts price probability and what they reveal about institutional positioning ahead of macro events.
How to hold market exposure while eliminating directional risk through delta-neutral construction.
Spreads, straddles, and combination plays that express a view without unlimited downside.
Reading price, volume, and open interest as signals of participant behavior — not pattern recognition.
Position sizing, volatility-adjusted stops, and building a framework that survives consecutive losing trades.
Apply every concept from the series to a live market scenario — from reading the setup to sizing and executing the trade.
Published every Monday and Friday. Unsubscribe any time.