GreeksLive Gang's Sentiment Summary Feb 4 Overall Market Sentiment The group is cautiously bullish after a volatile session with price swinging between 93,500-102,000, though divided on near-term direction. Most traders are watching 105,000 as a key resistance level while protecting positions against downside risks to 98,000-99,000. Call Spread & Put Roll Trading Strategy - Roll Feb Puts Higher • Active traders rolling February 102-103K puts to 105-107K strikes for 40-50bps premium • Many positioning for upside with April call spreads at 105-120K and 110-140K strikes • Group consensus favors wider spreads (**15K+ width**) for longer-dated options to protect against strong moves