<br><div><p>Final week, a purchase order for 50,000 contracts of ether choices – with a $400 strike value and expiring in June – <a target="_blank" href="https://www.coindesk.com/markets/2023/01/09/the-ether-trade-that-made-the-most-noise-last-week/" rel="noopener">appeared on Deribit's order book</a>, elevating alarm bells within the crypto group. As of press time, ether was priced round $1,300, so the choices commerce would repay if the ether value slid 69% in lower than six months. On Deribit, one ether choices contract represents one ETH.</p></div>
Big Options Trade in Ether Market Would Profit from 69% Price Slide
Final week, a purchase order for 50,000 contracts of ether choices – with a $400 strike value and expiring in June – appeared on Deribit's order book, elevating alarm bells within the crypto group. As of press time, ether was priced round $1,300, so the choices commerce would repay if the ether value slid 69% in lower than six months. On Deribit, one ether choices contract represents one ETH.
