News Explorer — XRP Trader Bets on Price Stability With $224K Short Straddle Strategy

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May 21, 9:34 am

Coindesk

XRP Trader Bets on Price Stability With $224K Short Straddle Strategy

A large XRP derivatives trade on Deribit involved selling 1.5 million contracts of $1.40 call and put options, aiming for price stability until June 26. The trader received $224,500 upfront for assuming volatility risk, banking on XRP staying near $1.40.

A large XRP derivatives trade on Deribit involved selling 1.5 million contracts of $1.40 call and put options, aiming for price stability until June 26. The trader received $224,500 upfront for assuming volatility risk, banking on XRP staying near $1.40.

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