Ethereum struggles to shine next to Bitcoin, but the iShares Ethereum Trust ETF (ETHA) offers higher volatility and option pricing opportunities. The recent crash of ETHA highlights the importance of risk management in 2026, with collar strategies providing a way to mitigate losses in the volatile crypto market.

With ETHA plummeting from $35 to $22, traders can consider closing covered calls and puts to offset losses. The collar strategy allows for potential profits even in a declining market. Traders can wait it out or adjust their collar strategy to navigate the uncertain future of ETHA.

Options abound for collaring ETHA, offering different risk-reward ratios and expiration dates. Despite its lack of popularity, collaring ETHA could be a prudent move in a volatile market. Rob Isbitts suggests various strategies for managing risk and maximizing returns in the crypto space.

Read more at Barchart: Ethereum Has Crashed, but the Option Strategy I Showed You 3 Months Ago Is Hanging Tough. Now What?