English Community Daily Briefing #daily ===== Published: 2025-11-26 Overall Market Sentiment ===== Market sentiment is divided, with traders disagreeing on bullish and bearish positions. Key levels to watch include the $2,850, $2,900, and $3,000 strike prices. There is strong disagreement on direction, with some traders advocating selling call options and buying put options, while others claim the bull market has returned. Options Positioning Game - Aggressive Bearish vs. Contrarian Long ===== • Aggressive bearish positions dominate, with traders selling call options and buying put options, citing analysts who believe a pullback to $2,500 is "possible and normal," and predicting a $7,000-$9,000 target in January. • A large volume of put option selling activity is concentrated at the $2,850 strike price, considered a high-risk position that "won't yield good results," while $3,000 call options sold at $60 have been closed with a 50% profit. • Contrarian trading is emerging, including short GOOG/long BTC pair trades and overnight long BTC positions. Some traders question whether Tom Lee's target of a 3x rise from the April lows fails to account for the already occurring short squeeze dynamics.