Deribit bulk trade today: A user goes long on ETH volatility, buying both call and put options at $3200 for the end of September
According to data released by Deribit officials, a user on the platform today bought both call and put options for ETH in bulk trades at $3200 due at the end of September, totaling 6000 ETH, with a premium payment of $3.906 million. The official explained that this user is long on ETH volatility and will profit if the price is less than $2600 or more than $4000 at maturity. Compared to another BTC bulk trade, it may be the same customer shorting BTC volatility while going long on ETH volatility, expecting an increase in the spread of volatility prices.
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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