Lin Chen, head of Asia-Pacific business at Deribit, posted on the X platform that the largest ETH option today: someone received a premium of $331,000, bought a put option at $3,000 (strike price) at the end of July + sold a call option at $3,300 at the end of July, totaling 2,000 ETH.
According to his analysis, this person is bearish, and will make a profit if the price is less than USD 3,400 at the time of delivery; the probability is that he holds a lot of spot goods, and buys puts and sells calls for hedging and profit.