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As Ether Rallies, Options Trader Bets That The Price Will Continue To Rise
Summary: Ether was up on Friday and trading around $750. That marks a 3.5% gain in 24 hours as of writing, according to data from CoinMarketCap. On Deribit, the largest crypto options exchange, someone bought 153 contracts of September 2021 calls with a strike of $5,000 for a premium of around $25 each. That means the trader ...
Ether was up on Friday and trading around $750. That marks a 3.5% gain in 24 hours as of writing, according to data from CoinMarketCap.
On Deribit, the largest crypto options exchange, someone bought 153 contracts of September 2021 calls with a strike of $5,000 for a premium of around $25 each. That means the trader bet roughly $3,825 that ether will rally sevenfold over the course of the next nine months. Calls give the owner the right, but not obligation, to buy the underlying asset (in this case, ether) at a set price on a set date, as reported by CoinDesk.
By Emily Mason
Tags: ETH,Ether,Ethereum
Link: As Ether Rallies, Options Trader Bets That The Price Will Continue To Rise [Copy]
