ETHUSD.P / ETH
Expiry Date: 2026-05-18
Current Price
$2,185.70
Recommended Strategy
Bull Put Spread (Credit)
Max Profit
₹326.40
Max Risk
₹1,373.60
Lot Size Details
100 Contracts (1.0 ETH)
Base Lot: 0.01 ETH per contract
🎯 Strategy Structure & Execution Net Credit: +3.84 Points
2160 PE
2140 PE
Contract Multiplier & Settlement Details
1 contract = 0.01 ETH. Total position size = 100 contracts * 0.01 = 1.0 ETH. All PnL is converted using Delta Exchange India's live USD/INR settlement rate of 85.00.
🖼️ TradingView Technical Chart
Interactive snapshot showing descending 4-hour channel testing critical $2,180 zone.
📊 Market Technical & Indicator Diagnostics
Candlestick OHLC (1H) Live Stats
Trend Indicators & Momentum Bearish Bias
EMA Levels (Exponential Moving Average)
EMA 20
$2,182.90
EMA 50
$2,181.78
EMA 100
$2,188.30
EMA 200
$2,206.52
📈 Option Chain Insights
Highest Put Open Interest Strike
2160 (Key Support Zone)
Highest Call Open Interest Strike
2200 (Major Ceiling Resistance)
Implied Volatility (IV) Status
Medium-High (around 35%-45% IV across major strikes)
* High IV rewards premium sellers, allowing for wide buffers.
📰 Market Intelligence & Live News Stream
Ethereum risks breakdown below $2,180 key support as downward-sloping 4-hour channel is tested
Ethereum closes second consecutive weekly loss near $2,261 while BTC outperforms
CoinEx Monthly Proof of Reserve report confirms Ethereum holdings at 100.18% backing
Market Sentiment & Trade Strategy Thesis
Market Bias & Core Outlook:
Neutral to Bearish. Price is testing critical channel support around $2,180. A minor relief rally is possible but upside is capped by heavy EMA resistance and options Open Interest concentration at $2,200.
📖 Comprehensive Strategy Summary
Ethereum is currently hovering near key support of $2,180, which aligns with the lower boundary of its descending channel on the 4H chart. Though the macro sentiment remains bearish after two weeks of negative closes, the local $2,160-2,180 zone acts as high-volume support with maximum Put OI concentrated at $2,160. To capitalize on high implied volatility and limited short-term downside, we deploy a Bull Put Spread by selling the 2160 PE and buying the 2140 PE. Since we are trading on Delta Exchange India, we use the direct contract multiplier of 0.01 per contract. At 100 contracts (1.0 ETH), and using Delta's live USD/INR exchange rate of 85.00, the trade captures a net credit equivalent of 326.40 INR.
📌 Execution Action Plan
1. Verify entry premium: Sell 2160 PE at ~$8.15 and Buy 2140 PE at ~$4.31 on Delta Exchange, collecting a net credit of 3.84 points per lot. 2. Position Size: 100 contracts (1 ETH absolute exposure) for a total maximum profit of 326.40 INR ($3.84 USD converted at 85.00) and a max risk of 1,373.60 INR ($16.16 USD converted at 85.00). 3. Manage trade: Keep a close eye on the $2,160 level. If ETH closes below $2,160 on a 4H interval, execute a manual exit of the spread to avoid maximum loss.
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Sign Up BlinkX⚠️ Compliance and High-Risk Investment Warning
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.
