Investor Duan Yongping said he has started selling put options on SpaceX, according to a July 25 report from BlockBeats citing his reply to a community user a day earlier. He described the trade as a typical way to prepare for a possible purchase if the price falls to a level he is willing to accept.
A screenshot of the live trade shared by Duan showed an order price of about 23.20 and an executed price of 23.26. The trade involved 1,000 contracts and brought in roughly $2.32 million in premium. Based on a five-month term, the reported return was about 25.35%, with an annualized figure near 60%.
Duan also commented that the move was meant to “support Musk’s dream.” The BlockBeats brief identified the year-end strike price as 115 and framed the transaction as a put-selling strategy tied to potential stock acquisition.
Investor Duan Yongping said he has begun selling put options on SpaceX, according to BlockBeats on July 25, citing his response to a community user a day earlier. He described the move as a typical strategy for “potentially taking delivery” of the asset.
Trade details shared by Duan
According to the live trade details Duan posted, the quoted order price was about 23.20 and the executed price was 23.26. The position covered 1,000 contracts and generated about $2.32 million in premium.
Strike price and stated return
The BlockBeats item said the year-end strike price was 115. Based on a five-month term, the return was about 25.35%, with an annualized return of roughly 60%.
Duan added that the trade was also a way to “support Musk’s dream.”
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
