http://Greeks.Live Community Daily Digest Published: 2025-06-23 Overall Market Sentiment The group shows cautious optimism with traders closely watching the 98 level as a critical support that could determine further downside movement. There's mixed positioning with some profit-taking on puts while others are preparing for potential deeper drops, with volatility finally lifting above 50% providing better trading opportunities. Options Strategy Focus - Volatility Recovery Play • EOW volatility back above 50% with July 11 contracts trading at 40% vol, creating better premium opportunities for options strategies • Active put selling around low 90s levels while preparing risk reversals or butterfly spreads around 96 if price fails to hold 98 support • Strategic positioning includes buying mid-July calls and deep OTM puts as hedges against potential significant moves, taking advantage of the improved volatility environment