Deribit's largest transaction today: A user went long on ETH volatility and bought call and put options at $3,200 at the end of September

BlockBeats news, on July 30, according to data released by Deribit officials, in the platform's ETH block options trading today, a user bought call options and put options worth $3,200 at the end of September, totaling 6,000 ETH, and paid a premium of $3.906 million.

Official staff explained that the user went long on ETH volatility, and if the price was less than $2,600 or greater than $4,000 at expiration, he would make a profit. Compared with another BTC block transaction, or for the same client who went short on BTC volatility and long on ETH volatility at the same time, the spread of volatility would increase.