TechFlow news, on March 6, Lin, Head of APAC Business at Deribit, disclosed a significant transaction in the Ethereum options market today: a trader paid $211,000 to purchase 3,023 call options with a strike price of $2,600 expiring at the end of May, while simultaneously selling 1,700 call options with a strike price of $2,150 expiring on March 14 (next Friday).
According to Lin's analysis, the trader may believe that Ethereum’s short-term upside is limited, but expects it could surpass $2,600 by the end of May. By selling near-term call options, the trader generates income to offset the cost of longer-dated calls, thereby establishing exposure to future upside at a lower net cost.
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