In a recent post shared by Lin Chen, head of Asia-Pacific business of Deribit, it was revealed that a trader has sold $2,950 call and put options for Ethereum (ETH), totalling 1000 ETH. This move suggests that the trader doesn't foresee a significant price movement for ETH, either upwards or downwards, by the end of May.
The strategy adopted indicates the trader’s belief that the price will continue to pivot around the $2,950 figure, hinting at expectations of comparatively stable ETH prices for the remainder of the month.
