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A user sells 65,000 dollar call option at the end of June and buys 100,000 dollar call option at the end of March next year to hedge

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2024-06-21 02:42:54
According to information released by Deribit officials, in today's BTC bulk options trading, a user paid $3.617 million to sell 65,000 call options at the end of June, and bought 100,000 call options at the end of March next year, a total of 250 BTC.
According to the official explanation, such an operation is a common strategy in the near future, short-term bearish long-term bullish, using the rights obtained by selling options to lower the cost of purchasing forward options, and doing some hedging to reduce risk.
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