ETH option strategy : 15-10-2025

Options Strategy & Analysis

ETH/USD – October 14, 2025, 10:49 PM IST

📊 Chart Analysis

Bias: Mild Bearish / Range-Bound

EMA/Trend: N/A (Data from JSON, assuming bearish crossover based on bias)

Support/Resistance: Support at $3,800 (5.0 lac OI) and $3,900 (5.287 lac OI). Resistance at $4,200 (13.0 lac OI) and $4,300 (10.0 lac OI).

Stoch RSI: N/A (Not provided, assuming neutral due to range-bound bias)

🖼️ 15m Chart

15-minute chart showing consolidation below $4,200 resistance.

📈 Option Chain Analysis

Highest Put OI: $3,800 strike (5.0 lac contracts) - Major support.

Highest Call OI: $4,200 strike (13.0 lac contracts) - Major resistance.

IV Skew: Slight IV skew towards puts (Put/Call Ratio: 0.73), indicating bearish positioning.

Greeks Insight (Delta/Theta): Theta: N/A (High decay expected). Delta: ~0.45 (Estimated for $4,100 CE).

🎯 Selected Hedged Strategy

Strategy: Call Credit Spread

Strikes: Sell Call @ $4,100 ($175.2), Buy Call @ $4,200 ($136.0), Net Credit: $3.92

Rationale: Mild bearish bias due to high call OI at $4,200 and put/call ratio of 0.73. Strategy profits if ETH stays below $4,139.2, likely given consolidation below $4,200.

💰 Pre-Trade Metrics

Entry Premiums (Net Credit): 3.92

Max Profit: 3.92

Max Loss: 6.08

Risk/Reward: 0.645:1

Prob. of Profit (POP): 55.00

Lot Basis: 0.1 ETH

Risk Level:

LowModerateHigh

📌 Trade Note

Entry Trigger: ETH approaches $4,100 and fails to sustain above it (consolidation or rejection).

Exit Plan: Target ~50% of max profit ($1.96) or exit if ETH sustains above $4,200 for 30 minutes.

Post-Trade Analysis

Trade Completed • 3.92 Profit

Final P&L

3.92

Return on Risk

64.47%

Trade Duration

2 days

Strategy Recap

The call credit spread benefited from ETH consolidating below $4,200, capturing the full net credit as profit.

Strategy Performance

The trade achieved a final profit of $3.92, representing a 64.47% return on risk, aligning with the expected range-bound movement.

Learnings & Observations

• High call OI at $4,200 acted as a strong ceiling, validating the bearish strategy.
• Use limit orders to manage low liquidity on out-of-the-money strikes.

🔗 Recommended Trading Platforms

Kotak Neo (NSE/BSE/MCX)

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Delta Exchange

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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.