Just in the past 6 hours, the options market has looked BULLISH
Just in the past 6 hours, the options market has looked very BULLISH, with a series of super Block trades in CALL options that have not been seen in a long time!
There are two noteworthy ones:
1) Two 65,000calls with expiration dates of September and December appeared, both of which paid 93 BTC, or about $3.35m. But the open positions instead went down, indicating that someone closed the position and the whale took over.
2) The September call ratio spread strategy, specifically to buy 1 copy of 60000 call, corresponding to sell 2 90000 call, position is to buy 600BTC, sold 1200BTC, net paid premium 45 BTC, 2.7 million U.S. dollars, profit and loss chart similar to Figure 3. and this is a new position, counting the recent very bullish transaction.
Taking advantage of the current low IV and the pullback, you can consider appropriate positions to buy the second half of the forward call, theta is also low.
via.
@wower_w
There are two noteworthy ones:
1) Two 65,000calls with expiration dates of September and December appeared, both of which paid 93 BTC, or about $3.35m. But the open positions instead went down, indicating that someone closed the position and the whale took over.
2) The September call ratio spread strategy, specifically to buy 1 copy of 60000 call, corresponding to sell 2 90000 call, position is to buy 600BTC, sold 1200BTC, net paid premium 45 BTC, 2.7 million U.S. dollars, profit and loss chart similar to Figure 3. and this is a new position, counting the recent very bullish transaction.
Taking advantage of the current low IV and the pullback, you can consider appropriate positions to buy the second half of the forward call, theta is also low.
via.
@wower_w