Today's Deribit bulk options: A user paid 2.158 million USD to simultaneously buy BTC year-end call and put options, going long on volatility
According to information released by Lin Chen, the head of Asia-Pacific business at Deribit, traders paid a premium of $2.158 million to go long on volatility, while simultaneously buying a combination of bearish and bullish Bitcoin options that expire at the end of the year, with 50 Bitcoins on each side. If the price of BTC is below $76,000 or above $196,000 at settlement time, they can make a profit.
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
Data: Hyperliquid Open Interest Surpasses $10.6 Billion, Reaching All-Time High
Kingnet Network’s Hong Kong Subsidiary Granted Type 4 and Type 9 Licenses by the SFC
BlockFi Bankruptcy Administrators Reach Settlement with U.S. Department of Justice, Dismissing $35 Million Lawsuit
James Wynn suspected to have deactivated X account
Trending news
MoreCrypto prices
More
