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Deribit logs two block BTC option trades worth a combined $11.72 million in notional value

Deribit logs two block BTC option trades worth a combined $11.72 million in notional value

N
News Editor
2026-11-02 01:12:58
Deribit data shows two block BTC options trades were executed over the past hour, with combined notional value reaching about $11.7196 million. Both trades were recorded at 09:03 Beijing time and used the same iron condor structure tied to BTC options expiring on Nov. 13. Each trade had a size of 75 contracts, with notionals of about $5.8587 million and $5.8609 million, respectively. In both cases, the structure involved buying the $70,000 put, selling the $77,000 put, selling the $79,000 call, and buying the $85,000 call. The two trades were nearly identical, though premiums and implied volatility readings differed slightly across the legs. In the first trade, the $70,000 put carried a premium of 0.0039 BTC and implied volatility of 49.5%, while the second showed 0.0038 BTC and 49.2%. Similar small differences appeared in the other three legs as well.
DeribitBTC optionsblock tradeiron condorBitcoinimplied volatility

According to Deribit data, two block BTC options trades were executed over the past hour, with combined notional value of about $11.7196 million.

Both trades used a BTC iron condor structure

The first trade was recorded at 09:03 Beijing time. It had a size of 75 contracts and notional value of about $5.8587 million. The position was structured as a BTC iron condor tied to Nov. 13 expiry options, with the following legs:

  • Buy 75 BTC put options with a $70,000 strike, premium of 0.0039 BTC per contract, implied volatility of 49.5%
  • Sell 75 BTC put options with a $77,000 strike, premium of 0.0208 BTC per contract, implied volatility of 40.3%
  • Sell 75 BTC call options with a $79,000 strike, premium of 0.0228 BTC per contract, implied volatility of 38.7%
  • Buy 75 BTC call options with a $85,000 strike, premium of 0.0039 BTC per contract, implied volatility of 38.8%

The second trade was also recorded at 09:03 Beijing time. It was likewise sized at 75 contracts, with notional value of about $5.8609 million, and used the same BTC iron condor structure for Nov. 13 expiry:

  • Buy 75 BTC put options with a $70,000 strike, premium of 0.0038 BTC per contract, implied volatility of 49.2%
  • Sell 75 BTC put options with a $77,000 strike, premium of 0.0205 BTC per contract, implied volatility of 40.2%
  • Sell 75 BTC call options with a $79,000 strike, premium of 0.0230 BTC per contract, implied volatility of 38.8%
  • Buy 75 BTC call options with a $85,000 strike, premium of 0.0039 BTC per contract, implied volatility of 38.7%
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