Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Deribit: A user sold call options expiring on November 22, totaling 1,750 ETH

Deribit: A user sold call options expiring on November 22, totaling 1,750 ETH

Bitget2024/11/01 06:27

Deribit's Asia-Pacific Business Head, Lin Chen, stated that a user earned 289,000 in premiums by selling 2,550 call options due on November 22nd, totaling 1,750 ETH. This user holds a large amount of ETH and chose to sell some call options before the election to gain profits. If the price is below 2,700 at settlement time, this user will make a profit with a coin-based return rate of 5.45%, and an annualized return of approximately 16.6%.

1

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.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!