Deribit Options Bulk Data: A user sold end of September $2700 put options and $3400 call options

Deribit's Head of Asia Pacific Business, Lin Chen, posted on social media that today's largest ETH block option: someone earned a premium of $327,000 by selling put options at $2700 and call options at $3400 for the end of September, totaling 750 ETH.

According to his analysis, this person is shorting volatility with a price profit range of $2300-$4000. The coin-based return reaches 14.6% (annualized about 60.8%).