Deribit data showed four block trades in BTC and ETH options over the past hour, with a combined notional value of about $70.03 million. The flow included a purchase of 300 BTC put options expiring on June 25, 2027, with a $30,000 strike, carrying a premium of 0.0025 BTC per contract and implied volatility of 63.5%. Two separate trades involved selling 250 BTC call options expiring on Nov. 27 with a $94,000 strike, with premiums of 0.0036 BTC and 0.0027 BTC per contract and implied volatility of 35.2% and 32.8%, respectively. Another trade was an ETH risk reversal package sized at 2,150 contracts and valued at about $5.06 million. In that structure, the trader sold 2,150 ETH put options expiring on Dec. 25 with a $1,500 strike and bought 2,150 ETH call options expiring on the same date with a $3,200 strike. The premiums were 0.0045 ETH and 0.0077 ETH per contract, while implied volatility stood at 70.3% and 52.3%.
According to Deribit data, four block trades in BTC and ETH options were executed over the past hour, with combined notional value reaching about $70.03 million.
Details of the four block trades
At 22:41 Beijing time, a trader bought 300 BTC put options expiring on June 25, 2027, with a $30,000 strike. The premium was 0.0025 BTC per contract, implied volatility was 63.5%, and notional value was about $24.33 million.
At 23:06 Beijing time, a trader sold 250 BTC call options expiring on Nov. 27 with a $94,000 strike. The premium was 0.0036 BTC per contract, implied volatility was 35.2%, and notional value was about $20.30 million.
At 23:11 Beijing time, the market saw an ETH risk reversal package sized at 2,150 contracts, with notional value of about $5.06 million. The structure involved selling 2,150 ETH put options expiring on Dec. 25 with a $1,500 strike, at a premium of 0.0045 ETH per contract and implied volatility of 70.3%, while buying 2,150 ETH call options expiring on the same date with a $3,200 strike, at a premium of 0.0077 ETH per contract and implied volatility of 52.3%.
At 23:29 Beijing time, another 250 BTC call options expiring on Nov. 27 with a $94,000 strike were sold. The premium was 0.0027 BTC per contract, implied volatility was 32.8%, and notional value was about $20.33 million.
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