According to @CNBC, options strategist Mike Khouw highlighted selling a short strangle on a large U.S. retail stock as part of his holiday shopping list, signaling a neutral, range-bound view aimed at collecting option premium; source: CNBC tweet dated Nov 24, 2025. A short strangle involves selling an out-of-the-money call and put with the same expiration, benefiting if the stock stays within the short strikes and from time decay and potential implied volatility contraction; source: Cboe Options Institute. The position has theoretically unlimited risk on the upside and substantial downside risk, with breakeven levels at each short strike plus or minus the total premium received; source: Options Clearing Corporation (OCC) Investor Education. Traders should size and margin the trade conservatively, align strikes with recent realized volatility, and monitor holiday-season catalysts that can affect retail price ranges, as uncovered short options require significant margin and carry event risk; source: FINRA Investor Education and Cboe Options Institute. The source did not mention any direct cryptocurrency market impact from this trade idea; source: CNBC tweet dated Nov 24, 2025.

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.