TechFlow reports that Lin Chen, Head of APAC Business at Deribit, highlighted a significant Ethereum options trade today. A major trader simultaneously sold 500 October-end ETH call and put options with a strike price of $3,400, collecting a premium income of $394,000 from the transaction.
Lin Chen analyzed that this trade is essentially a volatility-short strategy: the price-profit range lies between $2,750 and $4,450, with a coin-denominated return as high as 24.45%, indicating the trader likely believes ETH prices will oscillate within this range.
Add to Favorites
Share to Social Media
