Deribit data showed three block ETH options trades in the past hour with combined notional value of about $18.4262 million. The first trade, logged at 04:14 Beijing time, was a purchase of 2,500 ETH call options expiring on Oct. 30 with a $2,600 strike. The premium was 0.0160 ETH per contract and implied volatility was 47.2%, for notional value of about $6.1299 million.
The other two trades were both 2,500-contract ETH call diagonal spreads. At 04:27 Beijing time, one block with notional value of about $6.1507 million sold 2,500 Dec. 25 $3,000 calls at a premium of 0.0274 ETH and 51.3% implied volatility, while buying 2,500 Oct. 30 $2,600 calls at 0.0168 ETH and 47.0% implied volatility.
A similar trade followed at 04:30 Beijing time, carrying notional value of about $6.1456 million. It also sold 2,500 Dec. 25 $3,000 calls at 0.0274 ETH, with implied volatility at 51.4%, and bought 2,500 Oct. 30 $2,600 calls at 0.0169 ETH, with implied volatility at 47.4%.
According to Deribit data cited by Techub News, three block ETH options trades were executed over the past hour, with combined notional value of about $18.4262 million.
Trade breakdown
The first trade was recorded at 04:14 Beijing time. It involved the purchase of 2,500 ETH call options expiring on Oct. 30 with a $2,600 strike price. The premium was 0.0160 ETH per contract, implied volatility was 47.2%, and the notional value was about $6.1299 million.
The second trade came at 04:27 Beijing time as an ETH call diagonal spread with size of 2,500 contracts and notional value of about $6.1507 million. The position sold 2,500 ETH call options expiring on Dec. 25 with a $3,000 strike price, carrying a premium of 0.0274 ETH per contract and implied volatility of 51.3%. It also bought 2,500 ETH call options expiring on Oct. 30 with a $2,600 strike price, with a premium of 0.0168 ETH per contract and implied volatility of 47.0%.
The third trade was recorded at 04:30 Beijing time and was also an ETH call diagonal spread, again sized at 2,500 contracts. Its notional value was about $6.1456 million. The trade sold 2,500 ETH call options expiring on Dec. 25 with a $3,000 strike price at a premium of 0.0274 ETH per contract and implied volatility of 51.4%, while buying 2,500 ETH call options expiring on Oct. 30 with a $2,600 strike price at a premium of 0.0169 ETH per contract and implied volatility of 47.4%.
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