ETH option strategy: 20-09-2025

Options Strategy & Analysis

Ethereum / U.S. Dollar – September 19, 2025

📊 Chart Analysis

Bias: Bearish

EMA/Trend: EMA 20/50/100/200 show downward trend with consolidation

Support/Resistance: Support at $4,465.33, Resistance at $4,590.77

Stoch RSI: Overbought (67.89 on 15m)

🖼️ 15m Chart

Ethereum/USD showing bearish momentum with EMA consolidation and Stoch RSI overbought

📈 Option Chain Analysis

Highest Put OI: Highest Put OI at $4,465 strike

Highest Call OI: Highest Call OI at $4,590 strike

IV Skew: Slight bearish skew

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

🎯 Selected Hedged Strategy

Strategy: Bear Call Spread

Strikes: Sell $4,590 Call, Buy $4,660 Call

Rationale: Bearish bias with overbought Stoch RSI and high Put OI at support

💰 Pre-Trade Metrics

Entry Premiums (Net Credit): $56

Max Profit: $5.6

Max Loss: $64.4

Risk/Reward: 0.087

Prob. of Profit (POP): 69%

Lot Basis: 0.1 ETH (10 lots of 0.01)

Risk Level:

LowModerateHigh

📌 Trade Note

Entry Trigger: Enter if price stays below $4,540.89

Exit Plan: Exit at 50% profit or if price breaks above $4,590

Post-Trade Analysis

Trade Completed • $2.8 Profit

Final P&L

$2.8

Return on Risk

4.35%

Trade Duration

24 Hours

Strategy Recap

The Bear Call Spread was executed as planned, exiting at 50% profit due to price consolidation below resistance.

Strategy Performance

Strategy performed modestly with timely exit at 50% profit.

Learnings & Observations

• Overbought Stoch RSI indicates potential reversals; monitor closely.
• Exiting at predefined profit levels secures gains effectively.

🔗 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.