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TechFlow reported on November 5 that Lin Chen, Head of APAC Business at Deribit, said a trader earned $313,000 in premium by selling a call option on 2,000 ETH expiring November 22 with a strike price of $2,400. The trader will profit if ETH's price is below $2,550 at expiry, achieving a coin-denominated return of up to 6.3%. This trade became the largest single transaction in the ETH options market that day.
Lin Chen, Head of Asia-Pacific Business at Deribit, said that a trader earned $313,000 in premium by selling call options on 2,000 ETH expiring November 22 with a strike price of $2,400. The trader will realize a profit if ETH's price is below $2,550 at expiration, achieving a coin-denominated return of up to 6.3%. This trade became the largest single transaction in the ETH options market that day.
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