http://Greeks.Live Community Daily Digest Published: 2025-06-27 Overall Market Sentiment The group maintains a predominantly bearish outlook with traders positioning for a "sleepy summer" as hash ribbons cross to the downside and monthly RSI signals weakness. Key traders are watching 105 level for puts and 107/102 for spreads, with consensus building around a potential dump given elevated OI levels near ATH. Put-Call Spread Positioning - Conservative Summer Strategy • Multiple experienced traders are implementing put-call spreads with strikes around 107/102 and 103/105 for July expiration, viewing this as a cost-efficient way to navigate expected summer consolidation • Rolling ITM puts strategy is being employed at 103-105 levels, with traders prepared to close positions on any flush lower while collecting premium through PSPDs (put spread collars) • Shift toward ETH volatility trading is emerging as BTC vol reaches extremely low levels, with traders exploring 70 vol opportunities on ETH as an alternative to the compressed BTC options market