BTC option strategy: 15-10-2025

Options Strategy & Analysis

BTC (Delta Exchange) – October 14, 2025, 9:27 PM IST

📊 Chart Analysis

Bias: Mild Bearish

EMA/Trend: 20 EMA is now consolidating near 50 EMA, indicating potential short-term reversal after pullback. Current price is trending down.

Support/Resistance: Immediate Support: $11,000 (Highest PE OI). Strong Resistance: $11,500 (Highest CE OI).

Stoch RSI: Trending down towards oversold (20), signaling strong bearish momentum from recent resistance.

🖼️ 15m Chart

N/A

📈 Option Chain Analysis

Highest Put OI: 11,000 (2.49 lacs OI, Highest PE OI)

Highest Call OI: 11,500 (1.26 lacs OI, Highest CE OI)

IV Skew: Bearish skew (Put-Call Ratio: 0.68), indicating higher demand for puts due to bearish sentiment.

Greeks Insight (Delta/Theta): Delta of short put ≈ 0.35, indicating moderate sensitivity to price movement; Theta benefits from time decay.

🎯 Selected Hedged Strategy

Strategy: Bear Put Spread

Strikes: Buy Put @ $11,200 (Premium: $304.99), Sell Put @ $11,000 (Premium: $297.54).

Rationale: Bearish bias due to put-call ratio (0.68) and short buildup at 11,200 CE. Strategy profits if BTC fails to sustain above $11,300, targeting the $11,000 support zone.

💰 Pre-Trade Metrics

Entry Premiums (Net Debit): $0.0745 (Net Debit)

Max Profit: $1.9255

Max Loss: $0.0745

Risk/Reward: 25.85:1

Prob. of Profit (POP): 65%

Lot Basis: 0.01 BTC contracts

Risk Level:

LowModerateHigh

📌 Trade Note

Entry Trigger: Enter if BTC fails to sustain above $11,300, confirming bearish pressure from 11,200 CE short buildup.

Exit Plan: Target ~50% of Max Profit ($0.96) or if BTC approaches $11,000 support zone; stop loss if BTC moves above $11,500.

Post-Trade Analysis

Trade Completed • -1.35 Loss

Final P&L

-1.35

Return on Risk

-100.00%

Trade Duration

1 day

Strategy Recap

The Bull Put Spread was stopped out due to the record liquidation event and whale shorting. Price failed to hold the $113,000 short put strike.

Strategy Performance

N/A

Learnings & Observations

• Macro/Geopolitical events (Trade War Fears) can override all technical/OI analysis, especially on crypto assets.
• Avoid new long leveraged positions during extreme risk-off sentiment. Increase stablecoin allocation and wait for consolidation.

🔗 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.

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