TechFlow news, May 20 — According to Lin, Head of APAC Business at Deribit, the largest Bitcoin options trade on Deribit today was as follows:
An investor simultaneously bought put options for Bitcoin expiring on June 27 with a strike price of $105,000 and sold put options expiring on September 27 with the same strike price. The one-sided position size was 236 Bitcoin, generating $1.1867 million in premium income.
Lin analyzed that this trading strategy may indicate the investor expects a market pullback in the short term, but anticipates declining volatility further out, with more stable price performance expected in the third quarter.
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