Options Strategy Report
ETH – 31 Aug 2025
📊 Chart Analysis
Bias: Range-bound
EMA/Trend: 20>50>100>200 (stacked below price)
Support/Resistance: Support at 4,432.22, Resistance at 4,483.84
Entry Signals: 15m pullback to EMA20/50 with Stoch RSI crossover
🖼️ 15 Min Chart
📈 Option Chain Analysis
Highest Put OI: 4600
Highest Call OI: 4500
IV: Normal (approx. 59-60%)
Volume/OI Notes: Significant clusters at 4500 and 4600 strikes
🎯 Selected Strategy
Strategy: Iron Condor
Strikes: Sell 4500 Call, Sell 4600 Put, Buy 4700 Call, Buy 4400 Put
Rationale: Range-bound bias with normal IV and OI clusters at 4500/4600
💰 Metrics
Entry Premiums:
Max Profit: $6.43 × 10 lots = $64.30
Max Loss: $200 - $6.43 = $193.57
Risk/Reward: 0.33
POP: ~50% (based on Delta ~0.50)
Lot Basis: ETH (Delta) = 0.1 ETH (10 lots of 0.01)
📌 Trade Note
Entry Trigger: Pullback to EMA20/50 with Stoch RSI crossover, near 4500/4600 OI levels
Exit Plan: TP at 50% max profit, SL at 2x max loss, invalidation if price breaks 4700/4400
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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. As per SEBI guidelines, past performance does not guarantee future results. Trade responsibly.
