Deribit ETH bulk options buy $3,000 put options at the end of July and sell $3,300 call options
Odaily2024/07/04 04:03
By:Odaily
Odaily News Lin Chen, head of Asia-Pacific business at Deribit, posted on the X platform that the largest ETH option today: someone received a premium of $331,000, bought a put option at the end of July (
strike price) of $3,000 + sold a call option at the end of July of $3,300, totaling 2,000 ETH. According to his analysis, this person is bearish, and a profit is made when the price is less than $3,400 at the time of delivery; it is likely that he holds a lot of spot, buys puts + sells calls for hedging + profit.
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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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