"US Fed to look 'carefully' at Libra" crypto instability

yep this play is based on the current instability within the crypto space post coinbase splashdown. the main points of vulnerability are unaddressed clearinghouses offering 100x leverage on btc futures contracts... what could possibly go wrong. i feel the instability is creative instability within FB future hype. i like the 7/12 .30 delta put.

so. 182.5 put 7/12 1.8. either targeting that or minimizing theta exposure 190-185 bear put 7/19 for 2.10