http://Greeks.Live Community Daily Digest Published: 2025-04-18 Overall Market Sentiment The group appears cautiously bearish in the short-term with most traders noting declining volumes and thin order books during holiday markets. Traders are watching key levels between 84k-88k, with particular focus on the 80k psychological level should the market break lower. Market Slowdown - Opportunity in Options • Weekend market likely to remain range-bound with traders observing that recent moves have been perp-driven while spot selling continues • Volatility has crashed to extremely low levels with calls for next week priced at sub-40%, creating potential opportunity for gamma positions • Several traders recommended buying cheap options or option ratios to capitalize on low volatility, with expectations of a potential squeeze when liquidity returns • Thin holiday volumes (US markets closed) expected to continue for several days, causing most traders to either stay out or position lightly for a potential weekend move