ChainCatcher news, according to CoinDesk, Bernd Sischka, chief commercial officer of derivatives exchange PowerTrade, said that a trader bought $2 million worth of Dogecoin (DOGE) call options at a strike price of $0.22 on Wednesday.
DOGE is currently trading at $0.166, and the call options purchased will expire on June 14, which means that this DOGE must rise by more than 31% for the transaction to be profitable. DOGE last touched $0.22 in March, but has not exceeded this level since November 2021.
