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HomeCrypto NewsBitcoin (BTC) Options Trader Pays $1M Premium on Bet for Volatility Surge
Bitcoin (BTC) Options Trader Pays $1M Premium on Bet for Volatility Surge
Crypto News

Bitcoin (BTC) Options Trader Pays $1M Premium on Bet for Volatility Surge

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The trade, a so-called long straddle, saw the entity pay a net premium of over $1 million to purchase 100 contracts of the $66,000 strike call and put options expiring on Nov. 29, according to data confirmed by Lin Chen, head of business development Asia at Deribit.

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