Deribit options bulk data: A user bought $62,000 call options expiring at the end of the year and sold $100,000 call options

2024-07-09 11:52:01
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ChainCatcher news, Lin Chen, the Head of APAC Business at Deribit, posted on social media stating that the largest BTC block options today are: someone purchased a call option with a strike price of $62,000 expiring at the end of the year, while simultaneously selling a call option with a strike price of $100,000 expiring at the end of the year, totaling 400 BTC, paying a premium of $2.334 million.

According to his analysis, this person is bullish in the long term, using a buy and sell strategy to reduce costs and leverage, profiting if the price is above $69,300 at expiration.

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