Trade Idea

The crypto market has seen a slight rebound recently. Based on the candlestick chart, ETH is on a daily uptrend and has risen to around $2,350. Although the market is still awaiting a definitive outcome on a rate cut in September, pessimism has significantly eased compared to last month.

If you expect ETH to rise moderately in the coming days, consider a multi-leg strategy by selling a put option and buying a call spread.

Trade Structure

Sell 1x ETH-27SEP24-2000-P @ $43.3 Buy 1x ETH-27SEP24-2500-C @ $75.4 Sell 1x ETH-27SEP24-2700-C @ $33.1

Max Profit:$201

  • If the price of ETH reaches or exceeds $2,700 by the options expiration on September 27th, this strategy will achieve the maximum profit.
  • If ETH’s price falls significantly below $2,000, there is a risk of unlimited loss with this strategy.

👉👉 Go to the Coincall Combe Trade page to place an order now: https://www.coincall.com/combo

Disclaimer

This information is for reference only and does not constitute trading advice. Investors should conduct their own research before making any trading decisions.

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