GreeksLive Gang's Sentiment Summary Jan 29 Overall Market Sentiment The group is moderately bullish but cautious ahead of FOMC, with most traders expecting consolidation between 95K-105K. There's consensus around potential derisking after US market close, though longer-term outlook remains constructive with expectations of continued upward momentum. Options Trading Strategies - Call Spreads & Ladders • Traders discussing June expiry ladders (100/120/150 strikes) and 3-6 month call spreads with shorts 15-20% OTM as preferred bullish structures • Notable debate around paying premium vs credit spreads, with experienced traders advocating spending 200-205bps now for better long-term payoff • Consensus forming around reducing short call exposure given current market phase, with focus on implementing proper position sizing and avoiding over-leverage