BTC option strategy: 26-09-2025

Options Strategy & Analysis

Bitcoin Perpetual Futures – September 25, 2025

📊 Chart Analysis

Bias: Bearish

EMA/Trend: Downtrend (EMA 20/50/100/200 declining)

Support/Resistance: Support at 111,862; Resistance at 113,495

Stoch RSI: Oversold (9.00 on 1D)

🖼️ 15m Chart

BTC showing bearish momentum with declining EMAs and Stoch RSI in oversold territory on 15m timeframe

📈 Option Chain Analysis

Highest Put OI: Highest Put OI at $112,000

Highest Call OI: Highest Call OI at $113,000

IV Skew: Slightly skewed towards puts

Greeks Insight (Delta/Theta): Delta -0.48 (Bearish), Theta positive

🎯 Selected Hedged Strategy

Strategy: Bear Call Spread

Strikes: Sell $113,000 Call, Buy $114,000 Call

Rationale: Bearish outlook with defined risk, capitalizing on oversold conditions

💰 Pre-Trade Metrics

Entry Premiums (Net Credit): $0.45

Max Profit: $4.50

Max Loss: $95.50

Risk/Reward: 0.047

Prob. of Profit (POP): 52%

Lot Basis: 0.01 BTC

Risk Level:

LowModerateHigh

📌 Trade Note

Entry Trigger: Enter when price below $113,000

Exit Plan: Exit at 75% of max profit or if price breaks $114,000

Post-Trade Analysis

Trade Completed • +$3.375 Profit

Final P&L

+$3.375

Return on Risk

3.53%

Trade Duration

24 Hours

Strategy Recap

Yesterday's Bull Put Spread on BTC executed successfully, capturing premium decay in a bearish reversal.

Strategy Performance

Strategy performed well with 75% of max profit realized; theta decay contributed positively amid declining prices.

Learnings & Observations

• Oversold Stoch RSI signals effective for reversal plays in volatile crypto markets.
• Put-heavy IV skew reinforced bearish bias, but monitor for sudden bounces from oversold levels.

🔗 Recommended Trading Platforms

Kotak Neo (NSE/BSE/MCX)

For Indian Equities & Derivatives

Delta Exchange

For Crypto Futures & Options

⚠️ Disclaimer

Options trading involves significant risk and is not suitable for every investor. Please ensure you understand the risks involved and consult with your financial advisor before participating. Past performance does not guarantee future results. Trade responsibly.