Lin Chen: Bought large ETH options on Deribit for a call option at $5000 at the end of March, and sold a call option at $6000 for the same period

ChainCatcher news, according to Lin Chen, the Asia-Pacific business head of Deribit, who disclosed on platform X, the largest block option for Ethereum today is: a certain user purchased 5,000 call options for the end of March next year and sold 6,000 call options for the same period, totaling 4,250 ETH on one side, paying a premium of $262,000.

This user is bullish on the long-term outlook after the New Year, using a bull call spread strategy to combine long positions, increasing leverage while controlling costs, and will profit if the ETH price is greater than 5,050 at expiration.