[Cryptocurrency Options Block Trade Daily]

Today's largest block trade

Today's largest option block trade is to buy a BTC put option with an expiration date of April 25, 2025 and an exercise price of $60,000. The cumulative transaction exceeded 1,000 BTC, with a nominal face value of nearly 100 million US dollars. Deep out-of-the-money is a low-cost extreme risk hedging or high-leverage speculation. Profits need to fall by more than 30% under the current circumstances.

The risk-return ratio of this transaction is relatively low, and the premium of more than 100,000 US dollars is more suitable as an "extreme risk hedging accessory" in the portfolio, rather than an independent speculative position.

More block trades

The quarterly delivery has just ended. At present, the main block trades are still mainly for building and adjusting positions. This month, institutions have significantly strengthened their layout of put options. Large investors are not optimistic about the market this month, and the deep out-of-the-money protective positions have obviously increased.