TechFlow reports that Lin Chen, Head of APAC Business at Deribit, posted on X today about the largest ETH options block trade, in which an investor sold put options at $2,700 and call options at $3,400, both expiring at the end of September, totaling 750 ETH and earning a premium of $327,000. This move indicates the investor is short volatility, with a profitable price range between $2,300 and $4,000, achieving a coin-denominated return of 14.6% (approximately 60.8% annualized).
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