TechFlow, June 12 — According to Lin, Head of APAC Business at Deribit, the largest Bitcoin options trade on Deribit today involved:
A trader sold a combination of year-end expiring Bitcoin options, including put options with a strike price of $100,000 and call options with a strike price of $125,000, totaling 200 BTC. The trade generated approximately $1.91 million in premium income, with a profit range at expiry between $85,000 and $151,000. Lin analyzed that this trading strategy indicates the trader expects market volatility to continue declining as summer approaches.
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