The largest ETH block option on Deribit today is buying a bullish option at $3200 by the end of the year and selling a bullish option at $4200 by the end of the year

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Bitget2024/07/05 03:34

Deribit's Asia-Pacific business head, Lin Chen, disclosed on platform X that today's largest ETH bulk option is: a user bought a bullish option for $3200 at the end of the year and sold a bullish option for $4200 at the end of the year, totaling 5000 ETH, with an option premium payment of $1.543 million. This strategy reduces costs by buying and selling to make a bull market spread. It will be profitable if the price exceeds $3500 (break-even point) at maturity.

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