TechFlow reports, Lin Chen, Head of APAC at Deribit, stated that today's largest BTC block options trade involved a user receiving a premium of $1.349 million by selling 685 BTC worth of call options at a strike price of $65,000 expiring in late September.
According to Lin Chen, the user likely holds a substantial amount of BTC spot holdings and is generating yield by selling call options. The position would be profitable if the price remains below $67,000 at expiry, achieving a coin-denominated return of 3.7% (approximately 28.73% annualized).




