A trader paid $284,000 to buy call and put options at $3,900 for the end of June
Bitget2024/05/31 02:53
On May 31, Lin Chen, the business development officer for Deribit in Asia, revealed that a trader has purchased both call and put options with a strike price of 3900 due at the end of June, totaling 500 ETH. The trader paid $284,000 to go long on volatility. If the price is within the range of $3400-$4550 at settlement time, they will make a profit.
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