🪙 Bitcoin (BTC) Options Strategy for 01 August 2025 – Iron Condor Setup

 

🪙 Bitcoin (BTC) Options Strategy for 01 August 2025 – Iron Condor Setup

📅 Date: July 22, 2025
✍️ By: Omkar Rotkar

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📈 BTC Market Overview

• Current Price: $119,089
• Trend: Consolidating after recent uptrend
• Support: $117,000 – $118,000
• Resistance: $120,000 – $121,800
• Stoch RSI: Bullish crossover forming on Daily

📊 Options Chain Highlights (01 August 2025 Expiry)

• ATM Strike: 119000
• Put OI Support: 117000, 118000
• Call OI Resistance: 120000, 121000
• Max Pain (Est.): 119000
• Implied Volatility: 31–36%

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💡 Strategy: Iron Condor (Neutral to Slightly Bullish)

This strategy profits from a range-bound market and limited movement. With BTC stuck in a tight channel, an Iron Condor is a great fit.

🔧 Trade Setup:

• Sell 117000 PE
• Buy 116000 PE
• Sell 121000 CE
• Buy 122000 CE

💰 Strategy Summary:

• Max Profit: Net premium received if BTC expires between 117000 and 121000
• Max Loss: Limited to the width of wings minus premium (approx. 1000 points)
• Breakeven Range: ~116400 to 121600
• Probability of Profit: High due to balanced IV and consolidation

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⚠️ Risk Note

This strategy is direction-neutral. Sharp moves beyond 116000 or 122000 can lead to losses. Keep stop-losses or delta hedges if needed.

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🔚 Conclusion

With BTC in a stable range and strong OI barriers forming at key levels, the Iron Condor is well-positioned to generate consistent returns for the August monthly expiry.

Stay updated with live adjustments and hedge suggestions as expiry nears. 🚀

Follow this blog for weekly updates on BTC and Nifty 50 Options strategies with real chart and OI analysis.

Nifty 50 Iron Condor Strategy – 30th July 2025 Expiry

In this post, we present a neutral options strategy for Nifty 50 using the Iron Condor setup. This is ideal for traders expecting range-bound movement until the 30th July 2025 expiry.

🔍 Strategy Overview

Iron Condor is a limited-risk, limited-reward strategy that involves selling an OTM Put and Call while buying a further OTM Put and Call to hedge risks.

📊 Setup Details:

Leg	Strike	Option Type	Action	Premium (₹)
1	25000	Put	Sell	₹80
2	24900	Put	Buy	₹40
3	25200	Call	Sell	₹85
4	25300	Call	Buy	₹45

💰 Profit and Loss Analysis

• Net Premium Received: ₹80
• Maximum Profit: ₹80 per lot (if Nifty expires between 25000 and 25200)
• Maximum Loss: ₹20 per lot (if Nifty crosses 24900 or 25300)
• Breakeven Points: 24960 (lower) and 25240 (upper)
• Risk-Reward Ratio: 1:4

📈 Why This Strategy?

Based on chart and option chain analysis:

• Strong Support: 25000 (highest OI in Puts)
• Strong Resistance: 25200 (highest OI in Calls)
• Low IV: Suitable for premium decay strategies

📉 Payoff Chart:

📋 Cost Estimation (Per Lot)

• Brokerage + Taxes: Approx ₹12–15
• Final Profit Potential: ₹65–68 (after costs)

Note: All prices are indicative. Please check real-time prices before execution.

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📌 Disclaimer:

This post is for educational purposes only and does not constitute investment advice. Options trading involves risk and is not suitable for all investors. Please consult your financial advisor before making any trading decisions.