Deribit ETH bulk options buy $3,500 call options at the end of September and sell $4,500 call options

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ODAILY
07-02
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Odaily Odaily News: Lin Chen, head of Deribit Asia Pacific Business, posted on the X platform that today's ETH block option transaction: someone bought a $3,500 call option at the end of September and sold a $4,500 call option, totaling 2,250 ETH, and paid a premium of $661,000. According to his analysis, this person is bullish and is estimated to be betting on the August spot ETF. Buying the bull market spread can reduce costs and increase leverage. This transaction will be profitable as long as the expiration price is greater than $3,800 at the end of September.

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