Deribit: A user sold a $65,000 call option expiring at the end of June and bought a $100,000 call option expiring at the end of March next year for hedging

ChainCatcher news, according to information released by Lin, the head of Deribit's Asia-Pacific business, today in a large BTC options trade, a user paid $3.617 million to sell a call option with a strike price of 65,000 expiring at the end of June, while simultaneously buying a call option worth $100,000 expiring at the end of March next year, totaling 250 BTC.

According to official personnel, this type of operation is a common strategy recently, with a short-term bearish outlook and a long-term bullish outlook, using the premium obtained from selling options to lower the cost of purchasing long-term options, and making some hedges to reduce risk.