Greeks.live: The major player actively sold 1000 call options with a strike price of $50,000

Greeks.live macro researcher Adam disclosed on platform X that just sold 1000 contracts of call options with a nominal value of $43 million and a premium of $1.65 million, which are set to expire at the end of April with a strike price of $50,000. The transaction was slightly below the buying price and is considered as an active new position opening. Based on the characteristics of the trade, this may be a covered call option strategy. Despite the current low implied volatility (IV), large investors chose to sell call options with a strike price above the current level by more than 15%, indicating their bearish sentiment towards Bitcoin's market before halving. This transaction demonstrates that there has been a significant increase in speculative activities related to Bitcoin's upcoming halving event recently.