On January 10, 2025, Greeks.live announced through their Twitter account that they had fully filled their positions on Ethereum ($ETH) put options. This move comes after Ethereum prices reached a significant high, prompting the trading group to hedge against potential downward movements. The decision to invest in put options suggests that Greeks.live anticipates a correction in the Ethereum market, possibly due to overbought conditions or other market indicators pointing to a bearish trend. The source indicates that the timing of this announcement aligns with Ethereum's peak trading prices noted around the same date, highlighting a strategic entry point for these options.

The implications of this trading strategy are notable. By fully engaging in put options, Greeks.live is positioned to potentially profit from a decline in Ethereum's price. This action reflects a bearish sentiment or a risk management strategy in anticipation of market volatility. The choice to adopt this position is supported by technical analysis, as many traders have observed Ethereum's resistance levels being tested repeatedly over the past weeks leading up to January 10. Such market conditions often lead to increased volatility, making options trading a viable strategy for hedging or speculative purposes.

Technical indicators at the time of the announcement showed mixed signals. The Relative Strength Index (RSI) was approaching overbought levels, which often precedes a price correction. Additionally, trading volumes for Ethereum had been increasing, with data showing a surge in activity during the first week of January 2025. This uptick in volume, combined with high open interest in derivative markets, suggests heightened trader interest and potential for price swings. Greeks.live's choice to fully fill their put options also hints at their analysis of these indicators, as high trading volumes can lead to rapid price changes, providing opportunities for options traders to capitalize on market movements.