According to @CNBC, options strategist Mike Khouw highlighted selling a short strangle on a large U.S. retail stock as part of his holiday shopping list, signaling a neutral, range-bound view aimed at collecting option premium; source: CNBC tweet dated Nov 24, 2025. A short strangle involves selling an out-of-the-money call and put with the same expiration, benefiting if the stock stays within the short strikes and from time decay and potential implied volatility contraction; source: Cboe Options Institute. The position has theoretically unlimited risk on the upside and substantial downside risk, with breakeven levels at each short strike plus or minus the total premium received; source: Options Clearing Corporation (OCC) Investor Education. Traders should size and margin the trade conservatively, align strikes with recent realized volatility, and monitor holiday-season catalysts that can affect retail price ranges, as uncovered short options require significant margin and carry event risk; source: FINRA Investor Education and Cboe Options Institute. The source did not mention any direct cryptocurrency market impact from this trade idea; source: CNBC tweet dated Nov 24, 2025.