A BTC block option user on Deribit sold 65,000 call options and put options at the end of August, totaling 263 BTC

Lin Chen, the head of Deribit Asia-Pacific business, posted on X platform today that a certain user sold a total of 263 BTC call and put options with a strike price of 65,000 yuan at the end of August, earning a premium of $2.494 million. By shorting volatility, the profit range of the price is between 56,000 and 76,000 yuan, and the coin-based return on premium is 32.2%.