Crypto Whale Trades $150M in Ether (ETH) Call Options, Data Tracker Greeks.Live Shows

[ETJ]

Crypto Whale Trades $150M in Ether (ETH) Call Options, Data Tracker Greeks.Live Shows
Omkar Godbole - CoinDesk
The ether (ETH) market has come alive with a whale, or investor with ample capital supply, trading large amounts of call options.
In the past 24 hours, a whale has traded nearly 92,600 ETH call option contracts worth $150 million on the crypto exchange Deribit, according to options data tracking website Greeks.Live. On Deribit, one options contract represents 1 ETH.
"The whale actively bought $150 million worth of notional ETH calls, and all of them were naked buys, with clear long-term bullish expectations," Greeks.Live tweeted on X.
/jlne.ws/48kmfYH

 

[maxinger]

"The whale actively bought $150 million worth of notional ETH calls, and all of them were naked buys, with clear long-term bullish expectations," Greeks.Live tweeted on X.
AND !
"Another whale actively sold $150 million worth of notional ETH calls, .....
with clear long-term bearish expectations," Greeks.Live tweeted on Y.



When there is a BIG buyer, there will be a BIG seller.

Does the writer/OP have some ulterior motive?

 

[jbusse]

"The whale actively bought $150 million worth of notional ETH calls, and all of them were naked buys, with clear long-term bullish expectations," Greeks.Live tweeted on X.
AND !
"Another whale actively sold $150 million worth of notional ETH calls, .....
with clear long-term bearish expectations," Greeks.Live tweeted on Y.



When there is a BIG buyer, there will be a BIG seller.

Does the writer/OP have some ulterior motive?

The usual approach is to consider the counterparty who pays the spread as the more active trader. The liquidity taker is more active/aggressive; the liquidity provider is more passive. Also, the whale terminology on the buy side suggests it was one buyer. It's less clear, given the wording, that the matching sell orders consisted of one counterparty, i.e., the whale buys could have been matched against sell orders from several different counterparties.