I see that a trader recently executed an ETH options short-term spread strategy with a substantial size—5,000 ETH positions, with option premiums paid out totaling 7 ETH.
The core logic of the entire strategy is quite clear: betting that ETH won't make any significant moves over the next two days. It could appreciate slightly, consolidate sideways, or even pull back marginally—as long as there's no sharp rally.
From a profit perspective, as long as the ETH price stays within the 3211 to 3388 range, the trader can collect the premium decay. However, the risk side is painful—the downside is capped by the premium paid (maximum loss of 7 ETH), but once ETH breaks through 3400, losses expand rapidly. This type of strategy with high win rate but asymmetric payoff ratios tests both the trader's ability to gauge short-term price action and their discipline in taking losses.
I see that a trader recently executed an ETH options short-term spread strategy with a substantial size—5,000 ETH positions, with option premiums paid out totaling 7 ETH.
The core logic of the entire strategy is quite clear: betting that ETH won't make any significant moves over the next two days. It could appreciate slightly, consolidate sideways, or even pull back marginally—as long as there's no sharp rally.
From a profit perspective, as long as the ETH price stays within the 3211 to 3388 range, the trader can collect the premium decay. However, the risk side is painful—the downside is capped by the premium paid (maximum loss of 7 ETH), but once ETH breaks through 3400, losses expand rapidly. This type of strategy with high win rate but asymmetric payoff ratios tests both the trader's ability to gauge short-term price action and their discipline in taking losses.