CoinVoice recently learned that Lin Chen, head of Asia-Pacific business at Deribit, posted on the social platform that the largest bulk option for ETH today was: someone bought a $3,000 call option at the end of September (expiration exercise price) + sold a $3,900 call option, totaling 4,500 ETH, and paid a premium of $989,000.
According to his analysis, this person is bullish and uses the bull spread to reduce risk and increase leverage. If the price at expiration is greater than $3,250 (breakeven point), he will make a profit. [Original link]
