A certain user is shorting the volatility of ETH, selling call and put options at $2700 for the end of October
ChainCatcher message, according to data released by Deribit official personnel: Today's largest ETH bulk options trade, a user sold the bullish and bearish options of $2700 at the end of October, totaling 500 ETH, with an income of $282,000 in premiums.
They indicated that this user is shorting volatility. The price profit range is between $2200-3500. The coin-based return reaches 20.6%. It may be assumed that there will be no new events driving major market trends in the short term. Prices will repeatedly hover within this range.
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.
You may also like
Grayscale submits SUI ETF registration application
Two Bitcoin wallets dormant for 13 years transferred 2,000 BTC to new wallets
LUNC briefly surpasses $0.000057, 24H increase exceeds 80%