GenkeiFutura

Ethereum Options Idea for 23rd September 2022

BITSTAMP:ETHUSD   Ethereum / U.S. Dollar
Since Ethereum has a immediate resistance level at 1580-1600 and immediate support level at 1300-1350, I thought of taking a trade in options by selling Call and Put at 1580 and 1350 levels respectively for an expiry on 23rd September.

I would keep a close eye on the FOMC meeting on the 21st, If i manage to get enough premium before the FOMC meeting, then I might as well cut my position.

Note: Options can be used when Ethereum is not moving in either direction.

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