According to @Andre_Dragosch, the 10-delta option strike from Friday's close points to a 132k USD level by the end of next week. Source: @Andre_Dragosch on X dated Oct 3, 2025. In options terminology, a 10-delta strike corresponds to roughly a 10 percent risk-neutral probability of expiring in the money over the option horizon and is used by traders as a tail-risk reference for short-dated moves. Sources: CBOE Options Institute; Deribit Knowledge Base. For trading, focus on spot relative to the 132k level into the relevant expiry window, monitor near-dated implied volatility and skew on the 10-delta wing, and review open interest clustering that concentrates hedging activity around prominent strikes. Sources: @Andre_Dragosch on X dated Oct 3, 2025; CME Group Options Education; Deribit Insights.