Ether’s Massive OTC Trade: Analyzing Strategies, Implications, and Potential Returns

A single entity recently purchased over 57,000 contracts of ether’s June expiry call option at a $2,200 strike price, selling an equal number of September expiry call contracts. This trade, involving large transactions outside the open market, represents a short call calendar spread strategy designed to profit from significant price shifts away from the strike price. The investor likely expects ether prices or volatility to rise after the June expiry.