Traders are actively managing their Bitcoin and Ethereum options positions, according to an analysis by Greeks.live's Adam. Notably, traders are selling Bitcoin call options at a $110,000 strike price while buying put options at $109,000, reflecting skepticism about the current bullish sentiment. Adam criticized the market's optimism for Q4, describing recent price actions as 'stupid price moves.' As the weekend nears, significant volatility compression has been observed, reducing the likelihood of large price swings. Many traders are adjusting their Ethereum call and Bitcoin put options to secure profits before holding positions overnight.