Deribit: A user sold call options expiring on November 22, totaling 1,750 ETH

TechFlow reports on November 1 that Lin Chen, Head of APAC Business at Deribit, said a user earned a premium of 289,000, totaling 1,750 ETH, by selling 2,550 call options expiring on November 22. The user holds a large amount of ETH and chose to sell some call options before the election to generate returns. If the price is below 2,700 at expiry, the user will realize a profit, with a coin-denominated yield of 5.45% and an annualized return of approximately 16.6%.