A long straddle involving the November expiry $66,000 call and put options crossed the tape on Deribit early Wednesday.

  • A large long BTC straddle crossed the tape on Deribit, betting on a volatility explosion by the end of November.
  • To be profitable, the options strategy needs prices to move above $87,000 or below $53,000 by expiry.
FOR MORE DETAILS PLEASE CLICK HERE!