Crypto Market Update: User Makes Large-Scale Put and Call Options Sale on Deribit Platform
Publication Time:2024-07-26 10:46:07
Today, a notable trading event occurred in the cryptocurrency market. According to industry media Golden Finance News, Lin Chen, the APAC Business Director of Deribit, shared this news on his social platform. The user conducted a large-scale options sale on the Deribit platform, selling call and put options with a strike price of $65,000 expiring at the end of August, totaling 263 bitcoins. The total premium for this transaction reached $2.494 million, indicating market participants' expectations for future volatility in Bitcoin prices. Through this transaction, the user adopted a strategy of selling volatility, expecting that Bitcoin prices would fluctuate within a certain range, with the specific profit range set between $56,000 and $76,000. Additionally, it is worth noting that this transaction resulted in a base currency return on premium of 32.2%, highlighting the high-yield nature of this transaction.
Bitcoin
Deribit
Cryptocurrency
options trading
large-scale transaction