http://Greeks.Live Community Daily Digest Published: 2025-06-11 Overall Market Sentiment The group appears divided on market direction, with bears dominating the conversation as multiple traders have shifted to buying puts for protection. Key disagreement centers around 120k target with some believing it's "not allowed" while others hope to reach it before any major correction, and traders are closely watching 90000 as a potential retest level. Put Protection Strategy - Hedging for Downside Risk • Multiple experienced traders have started buying put spreads and protective puts, marking a significant shift in positioning after months of bullish sentiment • The CPI week is viewed as a critical invalidation point for the 120k target, with traders expecting either choppy price action or downside movement if no upward momentum materializes • High volatility environment is creating attractive opportunities for put protection, with traders anticipating 2 standard deviation events and significant price wicks from unexpected news catalysts