BTC - Observing Elevated Open Interest for Selling Call Options
Sideways View on BTCUSDT
Trade:
Sell Call - BTC - 38500 - 1 December expiry at 60$
Stop Loss: Premium of $120
Target: Premium of $0
Max Profit: 660/BTC
Max Loss : 660/BTC
Rationale:
Following an impressive surge in BTC, we observed a retracement from the 38000 levels, leading to a dip in BTC’s value to 34900. This selling pressure successfully breached key demand/support zones, particularly around 35600, and price is back at resistance level again.
Adding to our odds, we have observed high OI built-up at 38500 strike of 1st December expiry.
Trade:
Sell Call - BTC - 38500 - 1 December expiry at 60$
Stop Loss: Premium of $120
Target: Premium of $0
Max Profit: 660/BTC
Max Loss : 660/BTC
Rationale:
Following an impressive surge in BTC, we observed a retracement from the 38000 levels, leading to a dip in BTC’s value to 34900. This selling pressure successfully breached key demand/support zones, particularly around 35600, and price is back at resistance level again.
Adding to our odds, we have observed high OI built-up at 38500 strike of 1st December expiry.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.