A trader paid $284,000 to buy a $3,900 call and put option at the end of June.
On May 31st, Deribit Asia's business expansion personnel Lin Chen revealed that a trader bought a total of 500 ETH in call and put options for the end of June with a strike price of 3900, paying $284,000 to go long on volatility, and will make a profit if the price is in the range of 3400-4550 at the time of delivery.
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
Caroline Ellison Faces Sentencing Today in FTX Fraud Case
In court, Ellison’s lawyers stressed her remorse and acceptance of responsibility, noting the emotional toll from Bankman-Fried’s behavior.
SEC Sues Green United for Alleged Crypto Mining Fraud
The SEC also claims that the devices sold were actually Bitcoin mining rigs, but none of the investors ever received Bitcoin either.
BTC price support at $62K must hold if Bitcoin bears step in — Traders
Mango Markets mulls $500K CFTC settlement amid ‘ongoing’ investigation
Trending news
MoreCrypto prices
More
