Deribit Bulk Option Data: User Buys 95,000 BTC Call Option Expiring End of Year, Sells 110,000 BTC Call Option Expiring End of March
Article is form followin
September 13, 2024
This article is translated by ChatGPT Show original
ChainCatcher News: Deribit's Asia Pacific Business Head Lin Chen posted on X that a user purchased a $95,000 call option expiring at the end of the year, while simultaneously selling a $110,000 call option expiring at the end of March next year. This involved a total of 425 BTC, with premium income of $399,000.
Lin Chen explained that buying the $95,000 call option is a reduction in position, equivalent to extending it to March next year and selling a higher $110,000 call option. The underlying logic is to hold spot positions and earn income by selling call options. Currently, the coin-based return is 3.6% (annualized to about 6.6%).
Source
1. Disclaimer: The views expressed are solely those of the author and do not reflect the stance of Gen3. They are not intended as investment advice.
2. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as investment or other advice.