TechFlow reports, Lin Chen, Head of APAC Business at Deribit, tweeted that today's largest ETH block options trade involved a user selling 500 ETH worth of October-end $2,700 call and put options, collecting a premium of $282,000.
The user is short on volatility, with a profitable price range between $2,200 and $3,500, achieving a coin-denominated return of 20.6%. This suggests the trader likely believes there will be no new market-moving events in the near term, and prices will continue to fluctuate within this range.
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