Bullish traders cast low-risk Ethereum options bets with this clever strategy

[Sharpmax]

Ether (ETH) has been making higher lows throughout 2021, and the current trend indicates that $1,800 might be the bottom for April. Even traders and investors who do not rely on technicals have become optimists after Visa initiated a pilot to settle transactions in USD Coin (USDC) through the Ethereum network.
Considering that Ether is currently trading at $1,810, any outcome between $1,790 and $2,545 (up 40.6%) yields a net gain. For example, a 15% price increase to $2,080 results in a 1.2 ETH net gain, or $2,500.

Meanwhile, this strategy's maximum loss is 1.04 ETH, which will happen if the price on April 30 is below $1,600 (down 12%) or above $2,545.

The Iron Condor strategy allure is the potential 1.2 ETH gain while losses are limited below $1,600 at expiry.

Overall this conservative strategy yields a much better risk-reward compared to leveraged futures trading because of the limited downside. The upfront cost (deposit) is 1.04 ETH, and this also refle. Source