One thing that you're looking at is the volatility, the VIX in particular since the government shutdown started. We kind of hit a high of 25 about two weeks into the government shutdown. Big decline since then.Is that the best way to play this playing the uh the VIX options. >> Well, the VIX actually is is just a great indicator to tell us uh the pricing of options. So, when VIX is really low, it means that option prices are are actually rather cheap, including uh puts and calls.But uh the recent rise Frank ...

Market Trends & Sentiment - Bitcoin's block market experienced a surge in put option activity, representing 28% of the total volume exceeding $1.15 billion in the last 24 hours [1] - Bearish sentiment is increasing, with skew turning more negative, approaching levels seen during the October 11 crash [1] Option Activity - The put option activity was primarily concentrated in near-term, out-of-the-money puts around $10,400 - $10,800 [1]

Core Viewpoint - Xanadu Mines Ltd has faced challenges in finalizing a control transaction with its major shareholder Zijin Mining Group, leading to the expiration of exclusivity arrangements and a re-evaluation of options, including the potential exercise of a 25% Put Option [2][3][4]. Group 1: Transaction Developments - Following discussions, the exclusivity commitment to Zijin has expired, prompting the Independent Board Committee (IBC) to explore other opportunities [2][4]. - The IBC had previously extended the 25% Put Option and granted exclusivity to Zijin based on a non-binding indicative offer, which was deemed superior at the time [3][4]. - Despite efforts, Zijin has indicated it cannot finalize transaction documentation within the required timeframe, leading to a reassessment of the Put Option [3][4]. Group 2: Shareholder Engagement - The Xanadu Board has initiated a shareholder approval process for the 25% Put Option, with an Extraordinary General Meeting scheduled for June 4, 2025 [4][5]. - Shareholders will be invited to vote on the exercise of the Put Option, which could solidify the Kharmagtai project as a long-term investment without further cash outlay [6][7]. Group 3: Future Outlook - The Executive Chairman expressed disappointment over the inability to finalize a transaction but remains optimistic about the Kharmagtai project and plans to engage with other interested parties [6][7]. - The company is prepared to pursue alternate funding options if the Put Option does not proceed and no superior transaction is available [7][8].