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NASDAQ is basically back to the pre mid June sell off levels. BTC on the other hand is way lower. The correlation perfection between these two assets is less perfect these days, but imagine BTC starts closing some of the wide gap. One way to play a possible catch up trade is via call spreads as your max loss is known. Vols have come down lately, and despite not being dirt cheap, call spreads aren't overly expensive as skew has picked up. Second chart shows the 1 month implied vs realized vols. Third chart shows the 1 mth 25 delta skew.