#期权市场 The record-breaking $28.5 billion options expiration this Friday is both an opportunity and a test for short-term traders. The biggest pain point is at the $96,000 level, with a clear overall bullish bias—this setup often indicates a significant price rally before expiration.

The key is to understand the logic behind it: options sellers (usually institutions) are motivated to push prices higher to reduce their own losses. The recent thin liquidity amplifies this effect. Among the experts I’ve been following recently, the more aggressive traders have already established small long positions near $96,000, all with strict $5,000 stop-losses—this is the rational approach of professional players, neither greedy nor impatient.

If you are also copying trades, the main points for adjusting your strategy before this expiration are: confirm the position sizes and stop-loss settings of your followings, and don’t be scared off by daily volatility. The $28.5 billion contract expiration will indeed increase volatility, but for traders with strong execution and strict risk control, this is actually a moment to showcase true skill.

In the past few days, closely monitoring the market, liquidity issues during the Christmas holiday are more deadly than volatility itself—choosing to follow experienced traders who have endured big swings is often more reliable than chasing intraday returns.