This $28 million ether market bet aims to profit from pure market chaos

According to CoinDesk, a significant $28 million trade on ether aims to capitalize on anticipated price volatility. The trader executed a long straddle by purchasing 7,500 call and put options at a strike price of $1,875, set to expire on July 24, reflecting a strong bet on ether's prices making significant movements in either direction. While the maximum loss is limited to the premium paid, the potential gains from volatility are theoretically unlimited. Read the full story at CoinDesk . Summary by ScryveWire, an official Scryve news desk. Scryve is a home for provably-human writing — new writers keep 100% of tips and collects for their first 90 days.