According to Amberdata data, last Friday, an investor bought about 63,250 call option contracts linked to ethereum, which will expire on December 29.
The transaction involved selling a $2,500 strike call to partially fund the purchase of a $1,900 strike call. The initial cost of the strategy was $10 million because the trading entity paid more to buy the $1,900 call than to sell the $2,500 call. Income earned from dollar call options.