Latest news with #SimranjeetSingh
BBC News
08-05-2025
- Sport
- BBC News
Scotland suffer heavy WCL2 defeat by UAE
WCL2, AmstelveenUnited Arab Emirates 296-6 (50 overs): Chopra 101, Sharma 56, Wassem 41Scotland 199 (43.3 overs): Munsey 43, McCreath 33; Singh 4-30, Khan 3-41UAE win by 97 runsScorecard Scotland slumped to a disappointing 97-run defeat by the United Arab Emirates, damaging their faltering defence of the World Cup League 2 crown. The Scots made heavy weather of a three-wicket win over the same opponents on Sunday and on this occasion were comprehensively beaten by the lowest-ranked team in the captain Rahul Chopra made his first one day international century (101) to help steer his side to Aryansh Sharma contributed 56 and Muhammad Waseem (41) added some late fireworks with his skipper, who made the most of his escape from a big lbw claim on response was lacklustre, losing a succession of batters to poor Munsey was out for 43 in the 19th opener shortly after the departure of fellow opener Charlie Tear (27).Richie Berrington and Finlay McCreath threatened to drag Scotland back into the contest but fell in quick succession for 32 and 33 left them on 164-5 at the end of the 35th over and from there the challenge quickly fizzled out as Simranjeet Singh finished with four wickets and Aayan Khan claimed three."Credit to UAE," Berrington told "It wasn't our best day. At this level, you need to be a lot more consistent." It is just a third win from 14 competition outings for UAE, while Scotland sit mid-table with seven victories from their 13 the Netherlands hosting this tri-nation sequence, Scotland meet the hosts next on Saturday.
Yahoo
05-05-2025
- Business
- Yahoo
Bitcoin Traders' Favorite Lottery Ticket for the First Half of the Year — The $300K BTC Call
In the crypto market, bold predictions aren't just talk - they're backed by real dollars, often through option plays that resemble lottery tickets offering outsized upside for relatively small costs. The stand-out as of writing is the Deribit-listed $300,000 strike bitcoin call option expiring on June 26. Theoretically, this call is a bet that BTC's spot price will triple to over $300,000 by the end of the first half of the year. Over 5,000 contracts were active in the June $300K call at press time, with a notional open interest of $484 million. That makes it the second-most popular option bet in the crucial June expiry, trailing only the $110K call. Deribit is the world's leading crypto options exchange, accounting for over 75% of the global options activity. On Deribit, one options contract represents 1 BTC. Quarterly expiries, such as the one due on June 26, drive heightened market activity and volatility, with traders using these deadlines to hedge positions, lock in gains, or speculate on the next price moves. "Perhaps, people like buying lottery tickets. As evidenced by the call skew, there are always folks that want the hyperinflation hedge," Spencer Hallarn, a derivatives trader at crypto market maker GSR, said, explaining the high open interest in the so-called out-of-the-money (OTM) call at the $300K strike. Deep OTM calls, also called wings, require a large move in the underlying asset's price to become profitable and, hence, are significantly cheaper compared to those closer to or below the asset's going market rate. However, the payoff is huge if the market rallies, which makes them similar to buying lottery tickets with slim odds but potential for a big payout. Deribit's BTC options market has experienced similar flows during previous bull cycles, but those bets rarely gained enough popularity to rank as the second-most preferred play in quarterly expiries. The chart shows that the June 26 expiry is the largest among all settlements due this year, and the $300K call has the second-highest open interest buildup in the June expiry options. Explaining the chunky notional open interest in the $300K call, GSR's Trader Simranjeet Singh said, "I suspect this is mostly an accumulation of relatively cheap wings betting on broader U.S. reg narrative being pro-crypto and the 'wingy possibility' (no pun intended) of a BTC strategic reserve that was punted around at the start of the administration." On Friday, Senator Cynthia Lummis said in a speech that she's "particularly pleased with President Trump's support of her BITCOIN Act. "The BITCOIN Act is the only solution to our nation's $36T debt. I'm grateful for a forward-thinking president who not only recognizes this, but acts on it," Lummis said on X. According to Amberdata's Director of Derivatives, notable selling in the $300K call expiring on June 26 occurred in April as part of the covered call strategy, which traders use to generate additional yield on top of their spot market holdings. "My thought is that the selling volume on April 23 came from traders generating income against a long position," Magadini told CoinDesk. "Each option sold for about $60 at 100% implied volatility." Selling higher strike OTM call options and collecting premium while holding a long position in the spot market is a popular yield-generating strategy in both crypto and traditional markets.
The National
02-05-2025
- Sport
- The National
Simranjeet Singh aims to make up for lost time after realising dream of international cricket with UAE
Having just celebrated his 35th birthday, Simranjeet Singh must have feared the international cricket career he had always craved had passed him by. Nearly four years earlier, he had already given up on trying to crack Ranji Trophy domestic cricket in India, and had looked for ways to make a living from the game elsewhere. It was Covid times, and cricket had dried up in the state of Punjab. So the left-arm spinner travelled from his home in Ludhiana to the UAE instead, and picked up some matches. He impressed, and the boss of one of the domestic club sides he played for arranged to convert his visa into a permanent one, on the proviso he represent the staff cricket team. The matches continued and, when he went up against UAE national team players, he found he could more than hold his own. Still, recognition had to be forced as much as earned. He found out where the national team were training, and approached the coach, the former India Test player Lalchand Rajput. 'On my first day here, I spoke to [Rajput], and said, 'Sir, I am a spinner, I have completed my three years [residency qualification to be eligible to play international cricket] here and play A Division cricket – can you just check me out, and tell me what you think?'' Simranjeet said. 'He said, 'OK, just wait five minutes and in the next round you can come and bowl.' He gave me an opportunity in the nets, and felt good about me. 'He invited me back the next day, so I came back and after that he said I could continue joining their camp. The fact the bowlers were impressed with my bowling made me confident.' Simranjeet was kept on to bowl in the nets, and bolstered the ranks whenever there were practice matches. He discovered he was becoming a permanent fixture in the training squad. Then, last November, they made it official: he was called into the team for a regional T20 World Cup qualifier in Qatar, and debuted a week after turning 35. 'You know when you are bowling well and think you have a chance,' Simranjeet said. 'After that, sir told me I would be going in the team. I had been waiting for that moment for 18 or 19 years. When he announced the name of Simranjeet Singh in the 14-man squad, it was like a dream for me. 'I had goosebumps and was thinking, 'Seriously? Now I am in an international team?' It was a proud and emotional moment for me and my family.' He said he was lost for words when he told his news to those closest to him. 'I went home and was on a video call with my family,' he said. 'There are four of us in our family – mum, dad, sister, and me – and we were all in separate places. No one was sitting together. 'The video call started, and I couldn't speak any words. I had been given my kit, so I just showed my UAE helmet on the screen, and everyone started crying. 'They had also all been waiting since 2006 for this moment. In those years, I had not been earning any money. They had been paying for me – my sister, my mum, everybody – as I had not been working in India until I got here. 'I wasn't earning, I was just playing cricket for seven or eight hours per day, practicing. I was easily doing 40-50 overs in practice every day. So for me to bowl 15 or 20 overs, that is an easy task.' In accordance with his Sikh faith, Simranjeet has never cut his hair or his beard, and he is proud to represent his religion as an international cricketer. He is grateful to Rajput, as well as Harbhajan Singh Kala, his first coach back home in Ludhiana, for helping him reach this point. Rajput, for his part, believes he can be an asset for the national team, both now and in the future. 'As a left-arm spinner, the more revolutions he gives is what struck me,' Rajput said. 'Most bowlers here have played T20 and T10, so they try to bowl the ball a little bit flatter. They want to contain the batters and are not bowling to take wickets. 'What I saw from him is a typical left-arm spinner, the type we see in India, who are putting more revolutions on the ball, giving flight, and beating the batsmen in the air. 'He has a lot of variations as well because he has a good arm ball. I think we have to back such players, and he has done exceptionally well. 'He never wants to give up at any time. He is always saying, 'Sir, I will bowl at this stage.' That is a good sign. He is not afraid of getting hit.' Simranjeet will face the biggest challenge of his fledgling international career to date on tour in Amsterdam this month. The national team return to Cricket World Cup League Two action when they face Scotland and the Netherlands – perhaps the two strongest sides in it. 'When you play against the best, only then will you come to know where you stand,' Rajput said. 'If you are playing against the best team and you do well, then the sky is the limit. 'You must always aim to be the best, and that is the attitude we are trying to get across. 'I come from Mumbai in India, and cricketers in Mumbai have the attitude that you must never give up at any time, until the last run is scored and the last wicket is taken.'
