Greeks.live: Today's largest Options Block Trading was a Block Trading of a Bitcoin put calendar spread.

PANews, April 3 - According to the cryptocurrency options block trading daily report released by macro researcher Adam from Greeks.live, today's largest options block trading is a block trade of a Bitcoin put calendar spread, with a scale of 635 BTC and a nominal value of 110 million USD. This is a typical institutional volatility curve trade, profiting from the differences in volatility between near-term and long-term options and the different time decay characteristics, with both maturities being relatively short-term. Traders expect: short-term volatility to be relatively overestimated; the Bitcoin price not to fall significantly below 75000 before the near-month expiration; and the volatility surface to become flatter. Today, other Block Trading is also mostly concentrated in the short term, with the price spread of the week accounting for the vast majority. More often, it is market makers adjusting their own risk exposure, and the actual premiums involved are not large. This is also a common phenomenon after quarterly delivery, where the operations of market makers are relatively cautious, which also facilitates our ability to identify institutional views through observing Block Trading.