On Deribit, sold 7750 ETH call options for August end with a strike price of $3600
PANews reported on July 21st that Lin Chen, the head of Deribit's Asia-Pacific business, stated on X platform that today the largest block option for Ethereum was sold to an investor for a call option at $3600 by the end of August. The total amount was 7750 ETH, and they received a premium of $2.318 million. Analysis suggests that the investor holds a large amount of spot ETH as collateral or believes that ETH will rise before the end of August but not exceed 3900 (the breakeven point), with a coin-based return reaching 8.3% (annualized at 75.73%).
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
Bank of Japan Policy Board Member Masu says a decision on a rate hike is "close"
Michael Saylor refutes MSCI exclusion risk: Index classification does not define us
Tensor Foundation is the developer of Vector.fun, which was acquired by an exchange today.
Mainstream Perp DEX protocol revenues rise: Hyperliquid tops the list with $4.24 million in 24-hour revenue
Trending news
MoreCrypto prices
More
