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A certain user is shorting the volatility of ETH, selling call and put options at $2700 for the end of October

A certain user is shorting the volatility of ETH, selling call and put options at $2700 for the end of October

Bitget2024/08/23 02:57

ChainCatcher message, according to data released by Deribit official personnel: Today's largest ETH bulk options trade, a user sold the bullish and bearish options of $2700 at the end of October, totaling 500 ETH, with an income of $282,000 in premiums.

They indicated that this user is shorting volatility. The price profit range is between $2200-3500. The coin-based return reaches 20.6%. It may be assumed that there will be no new events driving major market trends in the short term. Prices will repeatedly hover within this range.

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