http:/Greeks.Live English Community Daily Briefing #daily ===== Published: 2025-12-26 Overall Market Sentiment ===== The community holds a cautious to bearish view on the cryptocurrency market, with traders inclined to sell option premiums rather than make directional bets. Key trading activity is concentrated around the December 26 option expiry price of 88,770, with traders discussing the biggest pain point around 98,134. Probability models show a 2x standard deviation of -17k for the 6-month outlook, and market interest is also noted to be shifting towards the metals market. Options Strategy Shift - Selling Premiums in Uncertain Markets ===== • Traders are planning to implement call spread and naked put strategies, focusing on selling more call options overall while maintaining short-term call and put positions in specific proportions to capture premiums in a low-confidence environment. • One trader executed a short ETH straddle with strike prices of 2750/3150, expiring on January 2nd, despite advice to remain on the sidelines. This highlights the challenges of overtrading during periods of low liquidity, particularly during the holidays. • A consensus is forming to avoid trading until next Monday, with traders recognizing that selling short-term call spreads and long-term naked puts may be the optimal approach, although some are considering a shift to a simpler iron hawk strategy given market uncertainty.