English Community Daily Briefing #daily ===== Published: 2025-12-01 Overall Market Sentiment ===== The community experienced a bearish shock, with the market falling sharply at the monthly close on Sunday night, causing losses for call option buyers and raising concerns about further downside. Traders pointed to 83 as the next important support level, with no significant buying interest before then, while some remain cautiously optimistic about Bitcoin reaching new all-time highs again, although the timing is uncertain. Options Trading Strategy Discussion - Selling Premiums vs. Buying Premiums ===== • Traders discussed the profitability challenges of directly buying call options. One member noted that buying call options as a standalone strategy had never yielded clear profits for them. • A 50-delta straddle with a 3x 30-delta straddle strategy (selling premiums) performed well throughout the year, but gave back all gains during the recent sell-off, highlighting the risks during periods of high volatility. • Premium sellers typically prefer 30-day risk reversal strategies under strong momentum conditions, finding that selling is more successful than buying directional exposure.