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TechFlow reports, on February 12, according to information posted by Lin Chen, Head of APAC Business at Deribit, on X, a trader paid a premium of $2.158 million to go long volatility by purchasing a combination of bitcoin put and call options expiring at year-end, with 50 bitcoins on each side. The position will be profitable if the BTC price at expiry is either below $76,000 or above $196,000.
According to information posted by Lin Chen, Head of APAC Business at Deribit, on X, traders paid a premium of $2.158 million to go long volatility by purchasing a combination of bitcoin put and call options expiring at year-end, with 50 BTC on each side. The position will be profitable if the BTC price at expiry is either below $76,000 or above $196,000.
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