Deribit ETH bulk options buy $3,000 call options at the end of September and sell $3,900 call options
Odaily2024/07/06 06:09
By:Odaily
Odaily News Lin Chen, head of Asia-Pacific business at Deribit, posted on the X platform that the largest ETH option today is: someone bought a $3,000 call option at the end of September (expiration
strike price) + sold a $3,900 call option, totaling 4,500 ETH, and paid a premium of $989,000. According to his analysis, this person is bullish and uses the bull
market spread to reduce risk and increase leverage. When the price expires, it will be profitable if it is greater than $3,250 (break-even point).
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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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