Large purchases of BTC options on Deribit at the end of May for $80,000 call options, and selling off at the end of September for $90,000 call options
Deribit's Head of Asia Pacific Business, Lin, posted on platform X stating that today's largest BTC options bulk: someone earned a premium of 7.94 million USD, buying bullish options with an exercise price of 80,000 USD due at the end of May + selling bullish options with an exercise price of 90,000 USD due at the end of September, totaling 1875 BTC. This transaction is very magical; if it can be held until delivery, it will be a 100% profit. However, if BTC starts to rise in early June, there will be a period of floating loss before making a profit.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
DeFi structured position tool Asgard completes $2.2 million seed round led by Robot Ventures
Data: Oppenheimer predicts S&P 500 index will rise 18% to 8,100 points by 2026
BNY Mellon: The Fed Will Deliver a Hawkish Rate Cut This Week, Dot Plot Reveals Policy Divergence