Today's Deribit BTC Bulk Options: A trader sells $100 thousand put options and $125 thousand call options expiring at the end of the year

According to TechFlow, on June 12, Lin, the head of Deribit's Asia-Pacific business, revealed the largest Bitcoin options trade on the Deribit platform today as follows:

A trader sold a Bitcoin options portfolio expiring at the end of the year, including put options with a strike price of 100 thousand USD and call options with a strike price of 125 thousand USD, totaling 200 BTC. The trade earned approximately 1.91 million USD in premium income, with a profit range at expiration between 85 thousand and 151 thousand USD. Lin analyzed that this trading strategy indicates the trader expects market volatility to continue declining as the summer approaches.