Deribit: A user sold bullish and bearish options for $90,000 BTC at the end of December, totaling 100 BTC
Odaily Planet Daily reports that Deribit's Asia-Pacific business head, LinChen, posted on platform X stating that today's largest BTC bulk options trade involved a user selling bullish and bearish options for Bitcoin at $90,000 by the end of December. A total of 100 BTC were traded, generating an income of $1.565 million in premiums. The profit range upon expiration is between $84,000 and $104,000 with an annualized return rate of approximately 24.5% based on the coin itself. This involves shorting volatility.
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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