A BTC options block trade using a collar structure crossed on Deribit at 16:54 Beijing time, according to data cited by Techub News. The trade involved 200 contracts with a notional value of about $15.589 million.
The position was built with two legs expiring on Nov. 27. On one side, the trader bought 200 BTC put options with a $68,000 strike, paying a premium of 0.0065 BTC per contract. The implied volatility on that leg was 42.9%.
On the other side, the trader sold 200 BTC call options with an $88,000 strike, collecting a premium of 0.0053 BTC per contract. The implied volatility for the call leg was 34.5%.
The data points to a defined options structure rather than a single directional trade, with both legs sharing the same expiry date and contract size.
At 16:54 Beijing time, a BTC options block trade built as a collar showed up on Deribit, based on Deribit data cited by Techub News. The trade covered 200 contracts and carried a notional value of roughly $15.589 million.
It came in two legs. Both expire on Nov. 27. On the first side, the buyer picked up 200 BTC put options struck at $68,000, paying a premium of 0.0065 BTC per contract. Implied volatility was 42.9%.
And the second leg? The trader sold 200 BTC call options with an $88,000 strike. Premium there was 0.0053 BTC per contract, while implied volatility stood at 34.5%.
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