According to Odaily, LinChen, Deribit's Asia-Pacific Business Head, reported that an options trader has purchased a bullish condor spread involving 20,000 BTC. The trader expects Bitcoin to be within the range of $106,000 to $112,000 by the end of the year. The strategy includes buying a call option at $100,000, selling call options at $106,000 and $112,000, and buying another call option at $118,000 for the year-end. The bullish condor spread is an options strategy that uses four contracts with different strike prices, anticipating a moderate increase in the underlying asset's price, but with limited upside potential
source: https://www.binance.com/en/square/post/32850864339738?utm_source=BinanceNewsRSS