Shashwat Chauhan

Following the trend, I made a website where you can literally board an उत्तर प्रदेश परिवहन bus and listen to 90s songs.

No idea if this was necessary.
But it had to exist. 🚌

सफ़र-ए-UP → safar-e-up.vercel.app

Someone is judging you right now. Someone else is totally inspired by you.

Neither are paying your bills.

So just do your own thing.

BTC can go up, and your Call option can still lose money.

That's something I realised when I started looking beyond the premium and paying more attention to break-even.

Here's how I look at it before buying an option on CoinDCX.

Let's take an illustrative BTC spot price of $75,800 and compare one Call and one Put with the same expiry.

First, the Call.

Strike price: $76,000
Premium: $600
For a Call, break-even is:

$76,000 + $600 = $76,600

So BTC needs to move from $75,800 to $76,600.

That's roughly a 1.06% move up just to break even at expiry.

Now the Put.

Strike price: $75,500
Premium: $550

For a Put, break-even is:
$75,500 - $550 = $74,950

BTC needs to fall to $74,950.

That's around a 1.12% move down.

These are illustrative numbers, not live CoinDCX option quotes.

Now here's the part I think many of us overlook.

Suppose BTC moves up and expires at $76,300.

The Call is worth $300 because the strike is $76,000.

But I paid $600 for it.

So I'm still down $300, even though BTC moved in the direction I expected.

That's the difference between getting the direction right and actually making money on an option.

But is the required move realistic?

This is where I check BTC's recent price action.

Between November 4 and November 10, BTC traded in an approximate range of $73,700 to $81,100.

A 1% move is relatively small compared with that observed weekly range.

But there's a catch.

A 1% move over seven days and a 1% move in the last 24 hours are two very different things.

Time matters. While you're waiting, your option can lose time value.

So before buying, I try to answer three questions:

Where is my break-even?

How much does BTC need to move in percentage terms?

Is that move realistic before expiry?
That's it.
A cheaper option isn't necessarily a better trade. Sometimes the premium looks attractive, but the move needed to make a profit simply isn't realistic.

Next time you open the @CoinDCX option chain, check the break-even before looking at the premium alone.

It might change how you look at the trade.

#LearnKaroCryptoKaro

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Back to basics.

happy dipawali guys 🪔