English Community Daily Briefing #daily

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Release Date: 2025-11-25

Overall market sentiment
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The community shows mixed emotions, with traders divided on their long and short positions around the key price level of $2,850-3,100 for ETH. While some traders hold short positions targeting $2,900 over the weekend, the GEX indicator suggests a potential rise to $3,090-3,092, leading to a divergence in recent directional outlooks.

Radical selling of put options strategy dominates
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• Active short put option strategies are concentrated on weekend expiry contracts with strike prices between $2,600 and $2,850, where traders manage positions by closing 70% profitable short put options and immediately opening new aggressive strike prices.
• The $2,850 bearish put options represent the most aggressive new position, hedged with the $3,100 bearish call options to construct a clearly defined risk straddle. Traders acknowledge that they may face pressure if the price returns to $2,900, but express confidence in managing the position.
• Add 2,800 USD to sell put options to maximize theta decay returns, while some traders adopt the opposite strategy, reducing 75% of leveraged long positions to lock in overnight profits, highlighting different risk management philosophies.