According to ChainCatcher, Lin Chen, head of Asia Pacific business at Deribit, said in a post on X that a user bought a call option for 95,000 at the end of the year and sold a call option for 110,000 at the end of March next year, totaling 425 BTC and earning a premium of 399,000 US dollars.
Lin Chen said that buying 95,000 call options is to reduce positions, which is equivalent to rolling over to March next year and selling a higher 110,000 call option. The underlying logic is to hold spot and earn income by selling call options. The current currency-based income is 3.6% (about 6.6% annualized)
