A recent $25 million options trade has made waves in the world of onchain options trading, signaling a significant moment that could have lasting implications post-election. The institution behind the trade has implemented a strategic structure involving sold puts, bought calls, and eBTC collateral, potentially earning $1,020,000 if BTC reaches $80,000 by November 29, excluding any gains from the eBTC collateral.
Nick Forster, co-founder of Derive, shared insights on this groundbreaking trade with CoinDesk via email. According to Forster, this trade represents a watershed moment for onchain options trading, showcasing the potential for substantial profits in a rapidly evolving market.
With the rise of digital assets and blockchain technology, the options trading landscape is experiencing a transformation, with new opportunities emerging for savvy investors. This $25 million trade serves as a prime example of the innovative strategies being employed in this dynamic market.
As the industry continues to evolve, it will be fascinating to see how onchain options trading develops and the impact it has on the broader financial landscape. Stay tuned for more updates on this exciting and rapidly changing market.
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