According to the Gate News bot, as reported by Greeks live options analyst wower, at 17:00 Beijing time, a mysterious institution/large investors adopted a call spread strategy between 115,000 and 140,000 USD, buying BTC options that expire at the end of September. The scale of this transaction reached 3,800 BTC, with a position value of 798 million USD, paying a premium of 182 BTC (approximately 19 million USD).
The institution also closed positions on call options expiring in July with a strike price of $110,000-$120,000.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
A mysterious institution has made a huge purchase of BTC options, betting that BTC will rise to $140,000 by the end of September.
According to the Gate News bot, as reported by Greeks live options analyst wower, at 17:00 Beijing time, a mysterious institution/large investors adopted a call spread strategy between 115,000 and 140,000 USD, buying BTC options that expire at the end of September. The scale of this transaction reached 3,800 BTC, with a position value of 798 million USD, paying a premium of 182 BTC (approximately 19 million USD).
The institution also closed positions on call options expiring in July with a strike price of $110,000-$120,000.
Source: Wu Says
Original link