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A user on Deribit bought a $2,600 ETH call option at the end of September and sold a $3,000 call option

A user on Deribit bought a $2,600 ETH call option at the end of September and sold a $3,000 call option

CointimeCointime2024/08/17 05:21
By:Cointime

According to Deribit's Asia-Pacific representative Lin Chen, in today's largest ETH bulk options trading, a user bought 14,411 ETH by buying September-end $2600 call options and selling $3000 call options, paying a premium of $1.91 million.The user is bullish in the long term and uses a bull market price difference strategy of buying one and selling one to reduce risk and cost while increasing leverage. The user will make a profit if the price at expiry is greater than $2725 (the breakeven point).

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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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