Options Strategy & Analysis (Fresh)
BTC USD – February 21, 2026
📊 Chart Analysis
Bias: Bullish
EMA/Trend: Price Above 20/50 EMA (Uptrend intact)
Support/Resistance: Support @ $67,200 | Resistance @ $68,200
Stoch RSI: Overbought Zone (~88)
🖼️ Chart Snapshot
Bullish structure with pullback risk near overbought levels.
📈 Option Chain Analysis
Expiry Date: February 23, 2026
Highest Put OI: ~66,800-67,200 (Support Zone)
Highest Call OI: ~68,000+ (Resistance)
IV Level: Moderate-High (favors credit)
Greeks Insight: Positive theta for credit spread, delta mildly positive
📰 Market Sentiment
Key Factor: BTC steady near $67k post-options expiry influence
Global Sentiment: Neutral to mildly bullish
🎯 Selected Strategy
Strategy: Bull Put Spread
Strikes: Sell 67200 PE, Buy 66800 PE
Rationale: Credit from bullish bias + theta decay in range/consolidation
💰 Pre-Trade Metrics
Net Credit: +$107 (per unit)
Max Profit (INR): ₹9,095
Max Loss (INR): ₹24,905
Risk/Reward: 1:0.36
POP: ~68%
Lot Basis: 100 lots of 0.001 BTC (0.1 BTC total)
Risk Level:
📌 Trade Note
Entry Trigger: BTC holds above $67,500
Exit Plan: 50% profit or below $67,000 support break
🔗 Recommended Platform
⚠️ Disclaimer
Crypto & options trading carries high risk of loss. Not suitable for all. Use only risk capital. Not financial advice – DYOR and consult professionals.
