http://Greeks.Live Community Daily Digest Published: 2025-08-20 Overall Market Sentiment The group is deeply divided with extreme bearish sentiment dominating early trading hours as positions faced significant losses. Key traders are watching critical levels around 113k and 115k while experiencing severe drawdowns, with sentiment shifting slightly more optimistic by Asian hours as some traders called "bear dead". Options Strategy Crisis - Doubling Down Despite Heavy Losses • Aggressive short put deployment continued with new strikes added at 80, 85, 90, and 95 levels • Major disagreement emerged over adding more short perp positions versus cutting losses, with one trader stating "THE BOTTOM IS BOTTOMLESS" • Long-term conviction remained strong with traders expecting a bounce and viewing current positions as "early but not wrong" with one-year outlook(Greeks.live)