ETH option strategy: 17-10-2025

Options Strategy & Analysis

ETH/USD – October 16, 2025

📊 Chart Analysis

Bias: Bearish

EMA/Trend: EMAs below long-term

Support/Resistance: Support @ 3,800 | Resistance @ 4,200

Stoch RSI: Neutral zone, no extreme readings

🖼️ 15m Chart

ETH/USD consolidating between 3,800 and 4,200

📈 Option Chain Analysis

Highest Put OI: 3,800 (Strong Support)

Highest Call OI: 4,200 (Strong Resistance)

IV Skew: Slightly bearish, favoring puts

Greeks Insight (Delta/Theta): Delta is negative, Theta is positive

🎯 Selected Hedged Strategy

Strategy: Bear Call Spread

Strikes: Sell 4,100 Call, Buy 4,200 Call

Rationale: Bearish bias below 4,200, profits from time decay and limited upside

💰 Pre-Trade Metrics

Entry Premiums (Net Credit): $392

Max Profit: $392

Max Loss: $608

Risk/Reward: 1:0.645

Prob. of Profit (POP): 70%

Lot Basis: 1 Lot (0.1 ETH)

Risk Level:

LowModerateHigh

📌 Trade Note

Entry Trigger: If ETH remains below 4,200 with no breakout momentum

Exit Plan: Exit at 50% profit or if ETH breaks above 4,200

Post-Trade Analysis

Trade Completed • $196 Profit

Final P&L

$196

Return on Risk

32.24%

Trade Duration

1 Day

Strategy Recap

The Bear Call Spread was executed on ETH/USD, targeting a range-bound or downward movement below 4,200. The strategy benefited from time decay.

Strategy Performance

The trade achieved a profit of $196, approximately 50% of the maximum potential profit.

Learnings & Observations

• Maintaining strikes near resistance levels improved the probability of success.
• Monitoring breakout signals is critical to avoid losses.

🔗 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.