Large ETH options bought on Deribit for $3800 call and put options at the end of May

ChainCatcher message, Deribit Asia Pacific Business Head Lin Chen posted on platform X that the largest block options for ETH today are: someone paid $2.665 million to purchase call and put options with a strike price of $3,800 expiring at the end of May, totaling 6,125 ETH.
It is speculated that if the SEC approves 19b-4 today, the market will surge in the short term; if not approved, it will definitely pull back. As long as the price is below $3,400 or above $4,200, it will be profitable, which is a standard volatility play.