“This $25 million options trade marks a watershed moment for onchain options trading, and it’s one that could have significant implications post-election. The institution has strategically positioned a unique structure with sold puts, bought calls, and eBTC collateral, potentially standing to make $1,020,000 on the structure if BTC hits $80,000 by November 29 – excluding any gains from the eBTC collateral,” Nick Forster, co-founder of Derive told CoinDesk in an email. Source: https://www.coindesk.com/markets/2024/10/24/institution-takes-25m-hedge-bet-on-derives-bitcoin-options-market-as-us-election-looms/?utm_medium=referral&utm_source=rss&utm_campaign=headlines