Let me be blunt.

ETH is sitting around 1.8k.
After a violent breakdown.
After losing 2k.
After failing every bounce attempt.

And what are most traders doing?

Trying to catch the bottom with naked longs.

That’s how you donate to market makers.

Today is not about prediction.
It’s about positioning.

I’m earning while the market dumps.

Below is what I will be sending you each week on my options next week onwards. Pure alpha and actionable.

Zoom out.

• We had a vertical impulse down.
• Massive volume spike.
• Dead cat bounce.
• Now slow bleed into support.

Price is compressing around 1,827 – 1,899 zone.

This is not bullish structure.

This is post-breakdown stabilization.

Until 1,990 – 2,150 gets reclaimed and accepted, every pump is suspect.

And here’s the part most of you miss:

Volatility already expanded.

Now IV is elevated.

That changes how we trade options.

March 27 expiry.
31 days out.

IV sitting around 69–70%.

That’s not panic.
That’s elevated but stable.

Look at the chain:

Heavy put OI building from:
• 1,600
• 1,700
• 1,800

Large size clustered between 1,600 – 1,700.

What does that tell me?

Market is pricing risk of another flush.

But not collapse.

If market expected 1,200 next week, IV would be exploding above 100%.

It’s not.

This is controlled fear.

And controlled fear is where income traders make money.

I’m not:

• Buying naked calls
• Buying naked puts at 70% IV
• Gambling on direction

Because here’s the truth:

Direction is unclear.
Structure is weak.
Volatility is elevated.

That screams:
Sell premium with defined risk.

If ETH loses 1,800 cleanly on high volume:

Next levels:
• 1,742
• 1,600
• 1,405

In that case:

Put credit spreads below 1,500 start to get interesting.

Example framework:
Sell 1,500 / Buy 1,400
30 DTE

Why?

Because if price breaks 1,800, panic hits 1,700 first.
That’s where retail dumps.
That’s where spreads inflate.

We don’t pre-enter weakness.
We wait for emotional expansion.

Patience is edge.

ETH holds 1,800 and trades 1,750 – 2,000 range.

This is the income trader’s playground.

Iron Condor:

Sell 1,500 Put
Buy 1,400 Put

Sell 2,200 Call
Buy 2,400 Call

30–45 DTE.

Why these levels?

Because:

• 1,500 is below panic support
• 2,200 is below structural reclaim
• Both sides sit outside current expected move

Expected move for March is roughly ±250–300.

We position outside it.

And close at 50–70% profit.

Not expiry hero trades.

Income traders survive.
Directional gamblers disappear.

If ETH reclaims 2,000 with strong volume:

Now call spreads make sense.

Sell 2,400 / Buy 2,600

Because 2,400 is major supply.

But we only shift bias when structure confirms.

Not before.

This is where 9-5 traders fail.

You don’t allocate 100% margin.

You don’t stack 10 spreads at once.

You don’t revenge trade.

Rules:

• 1 spread per ~10–12k capital
• 15–20% drawdown buffer
• Close at 50–70% max profit
• Roll early if tested

Options are not lottery tickets.

They are controlled income machines.

If you treat them like slot machines, you’ll get slot machine results.

Here’s the psychological trap:

After a big dump, retail wants one of two things:

• Immediate V bottom
• Immediate collapse

Reality?

Markets bleed sideways first.

Volatility contracts.
Premium decays.
Theta pays the disciplined.

The ones who win options long term master 3 things:

Everything else is noise.

Neutral to slightly bearish.

Until 2k reclaimed.

That means:

I favor selling upside calls into strength
And selling far OTM puts only after flushes

Not both aggressively at the same time.

We scale.

We adjust.

We don’t predict.

Let me be honest.

If you’re still trading options based on gut feeling…

You’re going to get wiped in this environment.

This is not 2021.

This is controlled bear structure.

Precision matters.

And if you want:

• Exact strikes I’m using
• Position sizing breakdown
• Early close targets
• Adjustments if 1,742 breaks
• Margin efficiency models
• How I structure this inside VOS

That’s inside the paid Discord.

My 9-5 Traders aren’t guessing.

They’re building consistent income while retail debates bottoms.

If you're serious about turning this bear market into monthly cashflow instead of emotional damage:

👉 Join the paid Discord now
www.whop.com/digitalvault1

We don’t chase pumps.

We sell fear.

And we survive long enough to win the next cycle.

Victor