According to @CNBC, the article outlines a conservative options-income strategy designed to cushion downside risk while boosting portfolio yield for investors seeking steady cash flow in volatile markets, source: CNBC. For crypto markets, comparable income approaches can be implemented using listed BTC and ETH options on CME and leading derivatives venues that enable premium harvesting with defined risk parameters, source: CME Group; Deribit. The premium collected can lower the effective breakeven and cushion moderate declines while capping upside potential, a core trade-off in standardized options strategies, source: OCC.

According to @GreeksLive, sentiment is predominantly bearish with traders watching BTC support at 108k, 107k, and 105k after a sharp drop (source: @GreeksLive, X, Oct 17, 2025). According to @GreeksLive, bears are calling for further downside toward 102k–90k while a minority frames the move as a bear trap, as BTC tests its daily 200-EMA support (source: @GreeksLive, X, Oct 17, 2025). According to @GreeksLive, gold is outperforming at new highs around $4,300, highlighting a risk-off bid versus crypto (source: @GreeksLive, X, Oct 17, 2025). According to @GreeksLive, options flow shows aggressive put selling into weakness, including weekend expiries and ETH 3500P/3850P, with some traders taking losses as volatility spiked and puts initially moved against them (source: @GreeksLive, X, Oct 17, 2025). According to @GreeksLive, funding rates turned negative as shorts piled in with roughly 7k shorts added (source: @GreeksLive, X, Oct 17, 2025). According to @GreeksLive, spot order books thinned materially as the Coinbase premium disappeared, and ETH options market makers briefly pulled all quotes (source: @GreeksLive, X, Oct 17, 2025). According to @GreeksLive, traders focused on selling far-out puts despite weakness, citing extreme implied volatility into the Oct 20 expiry and viewing sub-3500 ETH as unlikely even in a crash scenario (source: @GreeksLive, X, Oct 17, 2025).

According to @GreeksLive, a sudden 10% single-day pump has split positioning with market focus on ETH spot and option pivot zones at $4,000–$4,500, creating tactical uncertainty for the week ahead (source: @GreeksLive on X, Oct 14, 2025). According to @GreeksLive, short calls sold to flatten delta against puts are getting hit hard, with $3,850 and $4,000 strikes now deeply underwater for sellers (source: @GreeksLive on X, Oct 14, 2025). According to @GreeksLive, implied volatility is around 44, and traders are urged to actively harvest premium in this high-vol environment rather than step aside (source: @GreeksLive on X, Oct 14, 2025). According to @GreeksLive, several community members expect a retrace by Oct 17, making risk controls around $4,000–$4,500 critical for both short gamma and directional exposure (source: @GreeksLive on X, Oct 14, 2025). According to @GreeksLive, a February BTC move from 78k to 95k before turning lower is cited as precedent, framing the current spike as a potential liquidity-wipeout trap to manage in ETH/BTC positioning (source: @GreeksLive on X, Oct 14, 2025).

According to @GreeksLive, a larger-than-expected upside move squeezed bearish options traders, with multiple short call sellers on ETH and altcoins hit by an unexpected 3 standard deviation rally while the market had priced only about 40 percent volatility, published Oct 3, 2025, source: @GreeksLive. According to @GreeksLive, options sellers are shifting to buying puts and selling calls after losses, signaling a defensive turn in options positioning, source: @GreeksLive. According to @GreeksLive, key levels being monitored are 115k as potential support and 127k-180k as optimistic upside targets, while sentiment remains divided on the rally’s durability, source: @GreeksLive. According to @GreeksLive, market structure shows the long short ratio fell from 2 to below 1 within a week while open interest stays near highs, a setup that could fuel a further short squeeze if momentum persists, source: @GreeksLive.

According to @glassnode, a new options metric suite introduces Options Premium and Taker Flow Analytics that show where capital is committed via premiums and which side initiates trades via taker activity, helping traders assess market positioning and conviction. According to @glassnode, coverage includes BTC, ETH, SOL, BNB, and XRP. According to @glassnode, the dataset provides history back to 2021.

According to the source, $22,000,000,000 of Bitcoin (BTC) and Ethereum (ETH) options are scheduled to expire today. Source: X post. Options expiries often coincide with elevated intraday volatility and spot pinning near max-pain as dealers rebalance and gamma exposure shifts. Source: CME Group options education and Deribit Insights. Traders should check Deribit open interest by strike, put–call ratios, and estimated dealer gamma flip levels to gauge likely magnet strikes and liquidity pockets. Source: Deribit metrics and Genesis Volatility research. Expect funding-rate swings on perpetuals into the settlement window and potential implied-volatility compression afterward if prices converge toward max-pain; manage with reduced leverage and risk-defined spreads. Source: Kaiko market structure research and Options Industry Council education.

According to @GreeksLive, 29,000 BTC options expired with a Put-Call Ratio of 1.35, Max Pain at 115,000 dollars, and 3.4 billion dollars notional value, while 178,000 ETH options expired with a Put-Call Ratio of 1.0, Max Pain at 4,500 dollars, and 810 million dollars notional value, source: @GreeksLive on X, Sep 19, 2025. According to @GreeksLive, BTC and ETH have traded less than 10 percent below their all-time highs in September as sentiment shifted from pessimistic to neutral following an expected 25 basis point Fed hike, source: @GreeksLive on X, Sep 19, 2025. According to @GreeksLive, implied volatility has declined with BTC short-to-medium-term IV below 30 percent and ETH primary IV terms below 60 percent, with short-to-medium-term IV under 50 percent, signaling low volatility, source: @GreeksLive on X, Sep 19, 2025. According to @GreeksLive, put option block trades and their transaction share have risen steadily this month, reflecting risk-hedging as the primary strategy, source: @GreeksLive on X, Sep 19, 2025. According to @GreeksLive, September is a third-quarter delivery month and historically sees relatively weak performance due to institutional rollovers and settlements, and the options market currently lacks confidence in September performance, source: @GreeksLive on X, Sep 19, 2025.

According to @ai_9684xtpa, a trader bought put options on 6,000 ETH with a $4,250 strike expiring Sep 6 when ETH briefly dropped below $4,300 earlier today, paying about $174,000 in premium (source: @ai_9684xtpa). With less than 30 minutes to expiry, ETH remained around $4,300, leaving the position out-of-the-money (source: @ai_9684xtpa). The source notes the premium may expire worthless if ETH settles above $4,250 at expiration (source: @ai_9684xtpa).

According to @GreeksLive, a live stream with @LilQwantXBT is scheduled for September 4 at 2:00 PM EST / 18:00 UTC to cover a current market overview, why sentiment is bearish, the best BTC and ETH options trading opportunities, Q4 risks, and Q4 predictions. Source: @GreeksLive (X, Sep 4, 2025). The session is positioned for BTC and ETH options traders seeking actionable insights on bearish sentiment drivers, trading opportunities, and risk management into Q4. Source: @GreeksLive (X, Sep 4, 2025).

According to @glassnode, ETH options skew showed an upside bias on Aug 22, with the 1-week skew at -7% and calls richer than puts (source: @glassnode). By Aug 25, the skew turned defensive to +4% as puts became richer (source: @glassnode). On Aug 28, skews across tenors moved near 0%, indicating a neutral balance and a rapid repricing of ETH risk back to equilibrium (source: @glassnode).

According to @glassnode, Ethereum options flow shows call premium paid of approximately $82M on Aug 8 and $31.5M on Aug 11, consistently outpacing puts (source: @glassnode). According to @glassnode, traders are paying up for upside convexity as ETH presses higher, confirming a tilt toward calls in mid-August 2025 (source: @glassnode).

According to Cas Abbé, implied volatility on BTC and ETH options is rising, which historically indicates that altcoins may outperform as traders shift to higher beta assets. The increased volatility suggests traders should expect sharp price swings and manage position sizes carefully over the next four weeks (source: Cas Abbé).

According to @GreeksLive, significant options expiries are scheduled for July 11, potentially influencing market volatility. For Bitcoin (BTC), 37,000 options with a notional value of $4.3 billion are set to expire. The data shows a Put Call Ratio of 1.05, suggesting slightly bearish sentiment, while the Maxpain point is at a high of $108,000. For Ethereum (ETH), 240,000 options with a notional value of $710 million will expire. The ETH options data indicates a Put Call Ratio of 1.11, also pointing to bearish sentiment, with a Maxpain point of $2,600. Traders should monitor these levels as prices often gravitate towards the Maxpain point upon expiration.

According to @BitMEXResearch, sophisticated Bitcoin (BTC) and Ether (ETH) traders are actively hedging against potential summer price declines, even as the broader market anticipates long-term bullish action. Data from Amberdata shows that 25-delta risk reversals for June, July, and August tenors are negative for BTC, indicating a stronger preference for protective put options over bullish call options. Singapore-based QCP Capital noted this suggests that long holders are hedging their spot exposure to prepare for potential drawdowns. Further evidence from the OTC platform Paradigm reveals top trades for BTC include bearish strategies like put spreads. Despite this defensive posturing, some analysts remain bullish; market observer Cas Abbé pointed to strong on-balance volume, suggesting BTC could rally to the $130,000-$135,000 range by the end of Q3. This cautious short-term outlook is contrasted by long-term structural demand, evidenced by significant BTC purchases from firms like Metaplanet and Cardone Capital.

According to Omkar Godbole, Bitcoin (BTC) is trading near $106,800, showing resilience above $100K despite geopolitical tensions. Jeff Anderson of STS Digital stated that BTC's market dynamics differ from 2021 as it evolves into a treasury asset, reducing relevance of historical patterns. QCP Capital reported that BTC's 3% pullback was minor compared to an 8% drop in April 2023 during similar turmoil, indicating institutional adoption support. Volatility has declined, with Volmex's BVIV index at 42.7%, and Anderson noted that ETH options are costlier than BTC's, offering yield opportunities for holders. LondonCryptoClub highlighted upcoming large token unlocks for ARB, ZK, and SOL, potentially pressuring altcoin prices.

According to Omkar Godbole, Bitcoin maintained stability above $100,000 despite geopolitical conflicts. Jeff Anderson of STS Digital stated that BTC is evolving into a treasury asset, differing from 2021 market dynamics, and noted the price resilience as encouraging. Anderson highlighted that the widening spread between ether and bitcoin implied volatilities presents yield opportunities for ETH holders through options selling. The report indicated large upcoming token unlocks, including ARB, ZK, and APE, which could pressure altcoin prices. Derivatives data showed stable BTC funding rates and low implied volatility, signaling market calm.

According to Omkar Godbole, Bitcoin (BTC) continues to trade near $110,000, showing resilience above $100,000 despite geopolitical tensions between Iran and Israel. Jeff Anderson of STS Digital stated that BTC is evolving into a treasury asset, differing from the 2021 bull market dynamics. QCP Capital noted the price held with only a 3% pullback, supported by institutional adoption, while Volmex data showed implied volatility declining to 42.7%, indicating market calm. Anderson highlighted that ether (ETH) options are costlier relative to BTC, presenting yield opportunities for holders. However, LondonCryptoClub warned of altcoin risks from large upcoming token unlocks for assets like ARB, ZK, and SOL.

According to Omkar Godbole, Bitcoin (BTC) is trading resiliently above $100,000 despite escalating tensions between Iran and Israel, with Jeff Anderson of STS Digital emphasizing that current market dynamics differ significantly from 2021 as BTC evolves into a treasury asset. QCP Capital highlighted BTC's stability after holding above the $100K psychological threshold, with implied volatility declining to 42.7% annually per Volmex's index. Ether options are increasingly costly relative to BTC on Deribit, presenting yield opportunities for ETH holders through option writing, as Anderson noted. Corporate adoption is expanding beyond BTC, with Meme Strategy acquiring Solana (SOL) tokens, while large token unlocks for ARB, ZK, and SOL could pressure altcoin prices, according to LondonCryptoClub.

According to Omkar Godbole, Bitcoin (BTC) is trading above $100,000 despite escalating tensions between Iran and Israel, signaling strong market support. Jeff Anderson of STS Digital highlighted that current market dynamics differ from 2021 due to institutional adoption turning BTC into a treasury asset. QCP Capital reported BTC's resilience with only a 3% pullback, compared to an 8% drop in April 2023 during similar geopolitical turmoil. Volmex's implied volatility index declined to 42.7%, indicating reduced market fear. Anderson also noted that ether options are becoming costlier relative to BTC, presenting yield opportunities for ether holders. Corporate adoption is expanding beyond BTC, with Meme Strategy acquiring SOL tokens, though SharpLink's stock dropped after buying ETH. LondonCryptoClub warned of potential altcoin price pressure from large upcoming unlocks, including tokens like ARB, ZK, and SOL.

According to STS Digital and QCP Capital, Bitcoin (BTC) maintained stability above $100,000 despite geopolitical conflicts between Iran and Israel, indicating strong institutional adoption and reduced market fear. QCP Capital highlighted that BTC's 3% pullback was minor compared to last year's 8% drop during similar turmoil, with Volmex's implied volatility index declining to 42.7%. STS Digital noted that ether (ETH) options are becoming relatively costlier, offering yield opportunities for holders. However, LondonCryptoClub warned of potential altcoin pressure from large upcoming unlocks for tokens like SOL, ARB, and APE.