BTC option strategy: 16-10-2025

Options Strategy & Analysis

BTC – October 14, 2025

📊 Chart Analysis

Bias: Bearish

EMA/Trend: Bearish stack (20 < 50 < 100 < 200)

Support/Resistance: Support @ 111,157.13 | Resistance @ 111,754.69

Stoch RSI: Oversold at 4.95

🖼️ 15m Chart

Descending Triangle pattern indicating bearish continuation.

📈 Option Chain Analysis

Highest Put OI: 112,000 (Strong Support)

Highest Call OI: 112,000 (Strong Resistance)

IV Skew: Rising, favoring bearish sentiment

Greeks Insight (Delta/Theta): Positive Delta on puts, Theta favors time decay

🎯 Selected Hedged Strategy

Strategy: Iron Condor

Strikes: Sell 112,000 CE + PE, Buy 111,000 CE + 113,000 PE

Rationale: Neutral strategy to capitalize on range-bound movement and time decay, hedged with wings to limit risk.

💰 Pre-Trade Metrics

Entry Premiums (Net Credit): $0.0745

Max Profit: $0.0745

Max Loss: $0.9255

Risk/Reward: 1:12.42

Prob. of Profit (POP): 65%

Lot Basis: 0.01 BTC (10 lots of 0.001)

Risk Level:

LowModerateHigh

📌 Trade Note

Entry Trigger: Enter when price consolidates between 111,157.13 and 111,754.69.

Exit Plan: Target 50% of max profit or exit if price breaks 111,000 or 113,000.

Post-Trade Analysis

Trade Completed • $0.03725 Profit

Final P&L

$0.03725

Return on Risk

4.03%

Trade Duration

3 Days

Strategy Recap

The Iron Condor was entered with BTC consolidating in a tight range, leveraging time decay for profitability.

Strategy Performance

Achieved 50% of max profit ($0.03725) as BTC remained range-bound, aligning with the strategy's objective.

Learnings & Observations

• Time decay (Theta) worked in favor, validating the strategy.
• Consider a wider spread next time to enhance the risk/reward ratio.

🔗 Recommended Trading Platforms

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⚠️ 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.