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Greeks.live|Feb 10, 2025 13:22
GreeksLive Gang's Sentiment Summary Feb 10
Overall Market Sentiment
The group is predominantly bullish despite Trump's tariff news, with traders actively buying the dip through call spreads and ratios. Key levels being watched are 92-95K for support and 102K as the next major target, with some traders expecting a move to 97K first.
Options Trading Strategies
• Traders adding naked calls around 97K and call spreads at 97/100/101 strikes due to expensive wider spreads
• Popular strategy is using 1:2 ratios with short strikes at 101-102K to reduce cost basis
• Many traders keeping existing positions but adding new call spreads on dips with closer strikes ( 96/100 ) rather than wider spreads due to current market conditions
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