Deribit Bulk Options: A user paid 1.861 million USD to buy a call option of 100,000 USD due at the end of April
ChainCatcher reports, according to Lin Chen, the head of Deribit's Asia-Pacific business, a large Bitcoin options trade was completed on the Deribit exchange.
An investor paid $1.861 million in premiums to purchase call options for 250 Bitcoins at an exercise price of $100,000, which will expire at the end of April. If the price of Bitcoin exceeds $108,000 by expiration time, they can make a profit. Currently, the price of Bitcoin is around $98,000.
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.
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