Deribit Bulk Options Data: A user sold ETH bullish options at $2600 for the end of November, totaling 2250 ETH

According to data released by Deribit officials, the largest ETH bulk options trade today was made by a user who sold ETH bullish options at $2600 for the end of November, totaling 2250 ETH.

The official explained that this user probably took advantage of the high IV volatility before the US election and sold bullish options to gain profits. If the price is below $2750 at settlement time, they will profit with a coin-based return of 6.25%.