Greeks.live stated that last night, a total of 4,500 units of selling ETH-28JUN24-4000-C/buying ETH-29MAR24-1900-C were traded, with a nominal value of up to $15 million in diagonal spread block transactions.
Among the blocks compared this time, the long-term options expiring in March next year are particularly prominent. It is rare for such a large-scale transaction to occur in long-term options.
It is worth noting that 27OCT23-1700-C/29SEP23-1750-C, a total of more than 50,000 transactions with a nominal value of nearly US$100 million, appeared on the screen. It seems that whales intend to trade through the order book to avoid Open block order monitoring.
Comprehensive order flow information shows that whales are buying call options in large quantities across all major maturities. After buying $150 million in call options two days ago, they are buying call options in large quantities again.