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