Significant ETH Options Trade Executed Ahead Of Election

According to Odaily, Lin Chen, Deribit's Head of Business for the Asia-Pacific region, announced on X that the largest ETH options trade today involved a user earning a premium of $289,000 by selling 1,750 ETH call options with a strike price of $2,550, expiring on November 22. Chen noted that the user likely holds a substantial amount of ETH and is capitalizing on the pre-election period to sell call options for profit. If the settlement price is below $2,700, the user will profit, achieving a return of 5.45% in ETH terms, which annualizes to approximately 16.6%.