Skip to contentHome page Seeking Alpha - Power to InvestorsOct. 08, 2025 8:17 AM ET2x Ether ETF (ETHU)ETH-USD, ETHUFundamental Options1.16K FollowersSummaryEthereum offers high long-term reward potential, but I am mostly neutral for the short-term, because it seems to be in a consolidation pattern.ETHU's daily 2x leverage leads to massive long-term underperformance versus spot ETH, due to contango, volatility and high fees.A high-reward, lower-risk options strategy is proposed: sell a high-IV short-term Call and buy a lower-IV long-term Call, with ~5.7x max reward/max risk ratio.The strategy will incur losses with ETHU under ~$96-$112, but even in this case we call roll it forward for an overall profit, considering a bullish mid-to-long term outlook.Getty ImagesArticle Thesis“A compelling reward-to-risk ratio”, does not mean zero risk, or even very low risk. There is risk on the downside, which I will detail below, so if you think that Ethereum is doomed and it will go to zero, then maybeThis article was written byFundamental Options1.16K Followers"Fundamental Options" would be the title of my investing style, because I combine fundamental analysis with the power of options. I use Fundamental Analysis to quantitatively and qualitatively assess individual stocks and ETFs, and I pursue various strategies: Income oriented, especially BDCs, but also Utilities; Growth At A Reasonable Price, especially Tech, having a background in Software Development; Deep Value, based on Discounted Cash Flow and / or other industry specific valuation methods; Dividend Aristocrats.While I usually invest in stocks for long-term, I also have 20-25 strategies involving options that I use for various purposes: hedging stocks; bullish stock / ETF substitutes with improved risk / reward; neutral trades; trading volatility; earnings-related trades.Teaching is another passion of mine, I used to be a formal on non-formal teacher or coach in different areas of life, including authoring of a free local investing newsletter in the last years.Analyst’s Disclosure:I/we have a beneficial long position in the shares of ETHU either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.CommentsRecommended For YouAbout ETHU ETFSymbolLast Price% Chg1D5D1M6M1Y5Y10YExpense RatioDiv FrequencyDiv RateAssets (AUM)More on ETHURelated StocksSymbolLast Price% Chg--1D5D1M6M1Y5Y10YTrending AnalysisTrending NewsSeeking Alpha - Power to InvestorsPower to InvestorsFollow usDownload appContact usSubscription Support: 1-347-509-6837© 2025 Seeking AlphaTo ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.Is this happening to you frequently? Please report it on our feedback forum.If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.