Long HYPE convexity, not spot. 240x $145 calls (Dec 25) for $446. Max loss is the premium: no liquidation, no stop to get wicked. ~0.15 delta gives ~35 HYPE of upside for the price of 5 tokens, and it grows as HYPE rallies. Vol usually rises with the move, so the calls gain on both. Not holding to expiry. The goal is a move toward $120 in the coming weeks, where these should trade ~4x, then sell with time value left. Decay is slow this far out.