Motivated by ETH's breakout above $2,300, the whale is sweeping up ETH calls in large quantities, with two block trades at the $3,000 strike price totaling $34 million in notional value traded in the last hour.
1) 5,000 ETH-29MAR24-3000-C
2) 10,000 ETH-26JAN24-3000-C
Going into the Christmas holiday, European and American traders are generally less involved in trading going into the holiday season, market liquidity is down, and spikes and falls become more likely to occur.
The IV of daily options is currently at a low level, just under 40%, a good profit/loss ratio for purchases.
1) 5,000 ETH-29MAR24-3000-C
2) 10,000 ETH-26JAN24-3000-C
Going into the Christmas holiday, European and American traders are generally less involved in trading going into the holiday season, market liquidity is down, and spikes and falls become more likely to occur.
The IV of daily options is currently at a low level, just under 40%, a good profit/loss ratio for purchases.