Bitcoin Buzz - Bear PUT Spread
Sideways View on BTCUSDT
Trade:
Buy 35600 Put option of 18 November expiry @ $150
Sell (2x) 35000 Put option of 18 November expiry @ $70 each
Stop Loss: Spot level = $37600
Target: Spot level of $35000
Max Profit: 5590/BTC
Rationale:
BTC appears to be trading in a tight range, hovering between the support level at 35,500 and the resistance level at 37,500, which suggests a sideways trend in the short term.
Adding to our odds, our analysis of Open Interest (Oi) data on November 18th reveals a balanced occurrence of both call and put options being written, contributing to a neutral market sentiment.
Trade:
Buy 35600 Put option of 18 November expiry @ $150
Sell (2x) 35000 Put option of 18 November expiry @ $70 each
Stop Loss: Spot level = $37600
Target: Spot level of $35000
Max Profit: 5590/BTC
Rationale:
BTC appears to be trading in a tight range, hovering between the support level at 35,500 and the resistance level at 37,500, which suggests a sideways trend in the short term.
Adding to our odds, our analysis of Open Interest (Oi) data on November 18th reveals a balanced occurrence of both call and put options being written, contributing to a neutral market sentiment.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.