According to COINOTAG reports dated October 25, significant activity has been observed in the Ethereum options market. Data from Deribit indicates that a notable transaction occurred involving the sale of ETH $2,600 call options set to expire at the end of November, amounting to a total of 2,250 ETH. The transaction reflects the seller’s assessment of the implied volatility (IV) as elevated in the lead-up to the upcoming US elections, prompting this strategic move to capitalize on potential gains. Notably, should the ETH price remain beneath $2,750 at expiration, the seller stands to benefit from a currency-based income of approximately 6.25%. This highlights the growing sophistication in crypto options trading and investor strategies as market conditions evolve.
Source: https://en.coinotag.com/breakingnews/ethearnings-largest-eth-bulk-option-sale-of-2250-eth-signals-strategic-move-ahead-of-us-election/