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A large active sale of 1,000 call options with a strike price of $50,000 just occurred.

A large active sale of 1,000 call options with a strike price of $50,000 just occurred.

CointimeCointime2024/02/07 14:49
By:Cointime

Adam, a macro researcher at Greeks.live, recently sold 1000 call options with a nominal value of $43 million and a strike price of $50,000 that will expire at the end of April on the X platform. The premium was $1.65 million, and the transaction was slightly below the purchase price, indicating that this may be a covered call option strategy. Although the current implied volatility (IV) is low, the fact that the major player chose to sell call options with a strike price of $50,000, which is more than 15% higher than the current level, indicates that the major player has a pessimistic attitude towards the market before the Bitcoin halving. This transaction shows that the game intensity of the Bitcoin halving event has significantly increased in recent days.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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