2026-01-07 15:25:47

A trader recently made a big move—purchasing $2.36 million worth of positions on a well-known derivatives platform, setting up a standard straddle options strategy.

Specifically: 660 BTC call options at $12,000 cost about $860,000, while 660 BTC put options at $8,000 cost another $1.5 million. Both positions are set to expire on March 27.

The calculation is clear—profitable if the price moves up by $2,800 or down by $1,200. This setup indicates that the trader is confident in significant volatility coming, and as long as the move is strong enough in either direction, profits can be made.

What's more interesting is that recent large players in the options market have indeed become active. The actions of these whales often signal potential market shifts, making them worth watching.

BTC-0.56%

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SybilAttackVictim

· 01-08 07:12

2.36 million USD straddle options, this guy really dares to play, betting on explosive volatility... --- Whales have been accumulating options lately, feeling like there will be a big move in March, gotta stay alert --- The straddle options play is either a big win or a huge explosion, there's no middle ground for profit --- Buying both calls and puts, in simple terms, is betting that the market won't stay calm and steady, pretty aggressive --- With such active large traders recently, I feel like either a storm is coming or it's just bait... --- A position of 660 BTC, this scale can indeed influence the market trend, gotta keep an eye out --- Both directions have profit zones, but the fees and slippage are really painful, need bigger swings to break even --- Whales are building positions in options, retail traders are guessing what whales want to do, a classic information asymmetry game --- Maturing on March 27? Then we have to wait half a month to watch the show, the options market has indeed become lively recently --- This guy is really confident, setting traps in both directions, betting that a big move is inevitable

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liquidation_watcher