Analysis: The community holds a cautious to bearish outlook on the crypto market, with market interest shifting towards the metals market.
BlockBeats News, December 26, Greeks.Live researcher Adam posted on social media that the community holds a cautious to bearish attitude towards the cryptocurrency market, and traders tend to sell option premiums rather than make directional bets.
Key trading activity is focused on the December 26 options expiry price of $88,770, with traders discussing the maximum pain point at $98,134. Probability models show that the 2-standard deviation outlook for 6 months is -$17,000, and it is also noted that market interest is shifting towards the metals market.
Options strategy shift – Uncertain premium selling in the market:
• Traders plan to implement bull call spreads and naked put selling strategies, focusing on selling more call options overall, while maintaining short-term bullish and bearish positions in specific ratios to capture premiums in a low-confidence environment;
• One trader executed an ETH short straddle with strike prices at 2750/3150, expiring on January 2, despite recommendations to stay on the sidelines, highlighting the challenges of overtrading during the thin liquidity of the holiday period;
• A consensus is forming to avoid trading until next Monday, with traders recognizing that selling short-term bull call spreads and long-term naked puts may be the optimal approach, although some are considering switching to simple iron condor strategies given market uncertainty.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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