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Large Ether Traders Position for Volatility Spike as Merge Draws Near

Block traders are buying ether strangles, which involves buying both bullish and bearish option contracts.

Updated May 11, 2023, 6:40 p.m. Published Aug 26, 2022, 12:23 p.m.
Ether traders are buying both bullish and bearish option contracts ahead of the Merge. (PublicDomainPictures/Pixabay)
Ether traders are buying both bullish and bearish option contracts ahead of the Merge. (PublicDomainPictures/Pixabay)