On October 9, COINOTAG reported that the Asia Pacific Business Director of Deribit revealed significant activity in the Ethereum options market. A trader has made a substantial investment of $402,000 to acquire a $3,000 call option set to expire in March of next year, amounting to a total of 1,500 ETH. This transaction highlights a forward-looking bullish sentiment as the trader anticipates an upward trajectory for ETH in the long run. Presently, the market’s greed index stands at 49, indicating a neutral sentiment with no clear bullish or bearish lean. As of now, Ethereum’s price is hovering around $2,400. Should the value exceed $3,350 by the expiration date, the trader stands to realize notable profits, emphasizing the strategic moves within the evolving crypto landscape.
Source: https://en.coinotag.com/breakingnews/trader-invests-402000-in-bullish-eth-call-option-signaling-optimism-for-future-price-surge/