#Large-scale user options trading#

Recently, large-scale options trading by users has become a focus of market attention. For example, one user sold 137.5 BTC worth of put options at $105,000 and call options at $110,000 for March expiry on Deribit platform, earning $2.362 million. The user used this strategy to short volatility, with a profit range of $88,000 to $134,000, achieving a 17.55% BTC-based return (annualized at approximately 97.1%). He believes that the market will gradually cool down as the market digests the bullish sentiment after Trump took office, and the current price will fluctuate around $105,000.On the other hand, another user made a large-scale transaction in the ETH options market. He paid $310,000 for 2,000 ETH worth of call options with an expiry date of January 31st and a strike price of $3,300. This user is bullish on ETH, believing that the market is still in a state of FOMO, with the DVOL volatility index remaining high and the Greed Index reaching 84 (extremely greedy).In addition, some users are also making profits by selling call options. For example, selling call options on BTC expiring at March with a strike price of $150,000 can generate a 1.95% BTC-based premium (annualized 32%). If the price at expiry is below $152,000, a profit can be made. For selling call options with a spot position, if the price at expiry exceeds $150,000, you can sell at $150,000, achieving a 30% spot return.Overall, large-scale options trading by users reflects different market expectations for future price movements, and also provides investors with new investment strategies. However, it is important to note that options trading is highly risky, and investors should operate with caution and implement appropriate risk controls.