http://Greeks.Live Community Daily Digest Published: 2025-05-20 Overall Market Sentiment The group is predominantly bullish, expecting a potential breakout toward new ATH with 111k as a possible target. Despite the bullish bias, some traders have concerns about the sustainability of the rally without a clear catalyst beyond the election and are watching for a possible retest with a wick below 100k. Options Strategy - Vol Play Around ATH • Traders are observing that volatility is being kept artificially low as price approaches ATH, with expectation that MMs will reprice vols higher once breakout occurs • Popular strategy involves selling puts to profit from current trend while some are buying put tinies to position for a potential volatility explosion • Some traders noted exceptionally high OI (open interest) in the derivatives market, suggesting over-leveraged participants which could lead to a significant fakeout move • Technical focus is on whether price will continue its 4th leg up from the pullback low into a new all-time high without a deeper retracement