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Trader Bets on Violent Volatility by End of March, Buys Long Straddle BTC Options Combination
Summary: According to reports, a trader is betting on a violent volatility by the end of March, buying 660 BTC call options at $120,000 (approximately $860,000) and 660 BTC put options at $80,000 (approximately $1.5 million) on Deribit, all expiring on March 27th this year. The trader is employing a pure volatility strategy: betting that the ...
According to reports, a trader is betting on a violent volatility by the end of March, buying 660 BTC call options at $120,000 (approximately $860,000) and 660 BTC put options at $80,000 (approximately $1.5 million) on Deribit, all expiring on March 27th this year.
The trader is employing a pure volatility strategy: betting that the price of BTC will experience significant fluctuations by the end of March options expiration, allowing for profit regardless of whether it goes up or down. If the price of BTC fluctuates slightly or trades sideways within the range of $80,000 to $120,000 at expiration, losses will be incurred, with a maximum loss of the entire premium of $2.36 million.
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Link: Trader Bets on Violent Volatility by End of March, Buys Long Straddle BTC Options Combination [Copy]
