Deribit options bulk data: A user bought a $3000 call option expiring at the end of September and sold a $3900 call option

ChainCatcher news, Lin Chen, the Head of APAC Business at Deribit, posted on social media that the largest block options for ETH today are: someone purchased 4,500 ETH worth of call options with a strike price of $3,000 expiring at the end of September and sold call options with a strike price of $3,900, paying a premium of $989,000.

According to his analysis, this person is bullish, using a bull spread to reduce risk and leverage, with a breakeven point at a price > $3,250 at expiration to make a profit.