Options Strategy & Analysis (Fresh - ETH)
ETH/USD – February 24, 2026
📊 Chart Analysis
Bias: Bearish
EMA/Trend: Below all EMAs (Downtrend)
Support/Resistance: Support @ 1,800 | Resistance @ 1,840-1,880
Stoch RSI: Oversold on 4H (~6-8), Neutral on 15m (~46-62)
🖼️ 15 Min Chart
Price below EMAs with rejection at resistance, bearish momentum.
📈 Option Chain Analysis
Expiry Date: February 25, 2026 (~23h left)
Highest Put OI: 1800 (~848k, Strong Support)
Highest Call OI: 1820 (~992k, Resistance)
IV Skew: Moderate-High (~70-80%)
Greeks Insight (Delta/Theta): Negative Delta bias, Positive Theta (Favorable for credit spreads)
🎯 Selected Hedged Strategy
Strategy: Bear Call Spread
Strikes: Sell 1840 CE, Buy 1860 CE
Rationale: Bearish bias + high IV + resistance at 1840+, benefit from decay if ETH stays below 1840.
💰 Pre-Trade Metrics
Entry Premiums (Net Credit): ~$4.50 USD per ETH
Max Profit: ~$4.50 USD (~₹382.50 INR)
Max Loss: ~$15.50 USD (~₹1,317.50 INR)
Risk/Reward: 1:0.29
Prob. of Profit (POP): ~65-70%
Lot Basis: 100 contracts (each 0.01 ETH) = 1 ETH notional exposure
Risk Level:
📌 Trade Note
Entry Trigger: Enter if price rejects 1,830-1,840 or stays below EMAs.
Exit Plan: Exit at 50% profit or if price breaks above 1,850.
🔗 Recommended Trading Platforms
⚠️ Disclaimer
Options trading involves significant risk and is not suitable for every investor. Verify live premiums/OI on Delta Exchange. Prices volatile; consult advisor. Past performance no guarantee. Trade responsibly. Calculations based on 100 contracts (1 ETH notional).
