A block options user on Deribit sold call and put Ethereum options at the end of October, totaling 500 ETH.

Lin Chen, head of Asia Pacific commerce at Deribit, wrote on the X platform that the largest bulk option in ETH today was that a user sold $3,400 of call and put options at the end of October, a total of 500 ETH, and received $394,000. The analysis believes that the investor shorts the volatility, the price profit range is $2750-4450, and the currency standard return is 24.45%. Maybe the investor thinks that the price will fluctuate repeatedly in this range.