TechFlow news, January 13 — According to Lin Chen, Head of APAC Business at Deribit, who posted on social media, today's largest BTC options block trade was: a user paid a total of $422,000 to buy 30 BTC worth of 100,000-strike call options expiring in late June and sell 70 BTC worth of 200,000-strike call options; simultaneously, buy 30 BTC worth of 80,000-strike put options and sell 70 BTC worth of 55,000-strike put options. This combination aims to go long volatility and is overall bullish; however, by selling deeper out-of-the-money options, the trader reduces costs and risks, while also hedging downside exposure at the 80,000 level—a very conservative strategy with a relatively high win rate.
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