A certain user is shorting the volatility of ETH, selling call and put options at $2700 for the end of October
ChainCatcher message, according to data released by Deribit official personnel: Today's largest ETH bulk options trade, a user sold the bullish and bearish options of $2700 at the end of October, totaling 500 ETH, with an income of $282,000 in premiums.
They indicated that this user is shorting volatility. The price profit range is between $2200-3500. The coin-based return reaches 20.6%. It may be assumed that there will be no new events driving major market trends in the short term. Prices will repeatedly hover within this range.
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.
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