Deribit large options: A user shorted ETH volatility by selling call and put options with a strike price of $2700 expiring at the end of October

ChainCatcher news, according to data released by Deribit officials: today’s largest ETH block options trade involved a user selling 500 ETH worth of call and put options with a strike price of $2700 for the end of October, earning a premium of $282,000.

It is stated that the user is shorting volatility, with a profit range of $2200 to $3500, achieving a coin-based return of 20.6%. They may believe that there are no new events to drive a significant market movement in the short term. Prices are expected to fluctuate repeatedly within this range.