Unusual BTC Options Trade Analyzed By Greeks.live Researcher

According to Odaily, Greeks.live macro researcher Adam recently shared an analysis on X regarding the weekend's bulk options trading. The focus was primarily on BTC, with calendar spreads being the main type of transaction. The trading volume was typical for a weekend, indicating normal activity levels. One particular calendar spread stood out, involving the purchase of 12OCT24-60000-C options with an implied volatility (IV) of 495%. This means the buyer acquired the options at a price of 0.0434 BTC each, despite their actual value being 0.004 BTC, and bought a total of 100 BTC. Adam's analysis suggests that this might have been a mistake, possibly due to a decimal point error. As a result, the counterparty in this transaction made a profit of nearly 4 BTC.