🟠 Deribit · 📈 Bullish $BTC Call Ratio 2x1 50x ($12.5M)

🟢 Buy $85,000 Call · 30 Oct 26
🔴 Sell $90,000 Call · 30 Oct 26 · 2x
Sells 2x $90,000 vs buys 1x $85,000 · loses outside $85.7k–$94.3k

Max Profit: $214K → if BTC at $90k
Max Loss: Unlimited → if BTC outside $85.7k–$94.3k

You Pay: $35.9K | Max Profit → 6x your cost

🔵 Facilitated by Paradigm

🔵 Derive · 📈 Bullish $ETH Call Spread 500x ($2.5M)

🟢 Buy $5,000 Call · 25 Jun 27
🔴 Sell $6,000 Call · 25 Jun 27

Max Profit: $486K → if ETH at/above $6,000
Max Loss: $14.4K → if ETH at/below $5,000

You Pay: $14.4K | Max Profit → 34x your cost

🟣 Paradex · 📈 Bullish $ETH Call 513.7x ($1.3M)

🟢 Buy $2,700 Call · 25 Oct 26

Max Profit: Unlimited → if ETH above $2,700
Max Loss: $1.9K → if ETH at/below $2,700

You Pay: $1.9K | Max Profit → Unlimited

🟠 Deribit · 📈 Bullish $BTC Put Spread 250x ($41.9M)

🟢 Buy $74,000 Put · 30 Oct 26
🔴 Sell $77,000 Put · 30 Oct 26

Max Profit: $25.1K → if BTC at/above $77k
Max Loss: $725K → if BTC at/below $74k

You Receive: $25.1K | Max Loss → 29x your credit

🔵 Derive · 📉 Bearish $ETH Put 1000x ($2.5M)

🟢 Buy $2,000 Put · 27 Nov 26

Max Profit: $2M → if ETH at/below $0
Max Loss: $23.4K → if ETH at/above $2,000

You Pay: $23.4K | Max Profit → 84x your cost

🔵 Derive · 📉 Bearish $ETH Put 1000x ($2.5M)

🟢 Buy $2,000 Put · 27 Nov 26

Max Profit: $2M → if ETH at/below $0
Max Loss: $23.1K → if ETH at/above $2,000

You Pay: $23.1K | Max Profit → 86x your cost

🟠 Deribit · 🧘 Short Vol $BTC Put 150x ($12.6M)

🔴 Sell $75,000 Put · 6 Nov 26

Max Profit: $50.4K → if BTC at/above $75k
Max Loss: $11.2M → if BTC at/below $0

You Receive: $50.4K | Max Loss → 222x your credit

🟠 Deribit · 📉 Bearish $BTC Call Spread 150x ($25.2M)

🔴 Sell $84,000 Call · 23 Oct 26
🟢 Buy $86,000 Call · 23 Oct 26

Max Profit: $90.9K → if BTC at/below $84k
Max Loss: $209K → if BTC at/above $86k

You Receive: $90.9K | Max Loss → 2.3x your credit

🔵 Facilitated by Paradigm

🔵 Derive · 📅 Term Structure $ETH Put Diagonal 350x ($1.7M) · buys 23 Oct vol, sells 30 Oct

🟢 Buy $2,475 Put · 23 Oct 26
🔴 Sell $2,450 Put · 30 Oct 26

At 23 Oct 26 expiry:
Max Profit: $19K → if ETH at/below $2,160
Max Loss: $8K → if ETH at $2,475

You Receive: $10.2K | Max Loss → 0.8x your credit

🟣 Paradex · 📈 Bullish $ETH Call 408.8x ($1M)

🟢 Buy $2,700 Call · 23 Oct 26

Max Profit: Unlimited → if ETH above $2,700
Max Loss: $760 → if ETH at/below $2,700

You Pay: $760 | Max Profit → Unlimited

🟢 Bullish · 📈 Bullish $BTC Call 100x ($8.4M)

🟢 Buy $240,000 Call · 25 Dec 26

Max Profit: Unlimited → if BTC above $240k
Max Loss: $700 → if BTC at/below $240k

You Pay: $700 | Max Profit → Unlimited

🔵 Derive · 📅 Term Structure $ETH Put Diagonal 220x ($1.1M) · buys 23 Oct vol, sells 30 Oct

🟢 Buy $2,550 Put · 23 Oct 26
🔴 Sell $2,500 Put · 30 Oct 26

At 23 Oct 26 expiry:
Max Profit: $13.1K → if ETH at/below $2,220
Max Loss: $7.3K → if ETH at $2,550

You Receive: $2.1K | Max Loss → 3.4x your credit

🔵 Derive · 📅 Term Structure $ETH Put Diagonal 350x ($1.8M) · buys 23 Oct vol, sells 30 Oct

🟢 Buy $2,550 Put · 23 Oct 26
🔴 Sell $2,500 Put · 30 Oct 26

At 23 Oct 26 expiry:
Max Profit: $20.7K → if ETH at/below $2,220
Max Loss: $11.7K → if ETH at $2,550

You Receive: $3.2K | Max Loss → 3.6x your credit

🟠 Deribit · ↔️ Rangebound $BTC Iron Condor 40x ($13.5M)

🟢 Buy $81,500 Put · 24 Oct 26
🔴 Sell $84,000 Put · 24 Oct 26
🔴 Sell $85,000 Call · 24 Oct 26
🟢 Buy $87,000 Call · 24 Oct 26

Max Profit: $39.5K → if BTC inside $84k–$85k
Max Loss: $60.5K → if BTC at/below $81.5k

You Receive: $39.5K | Max Loss → 1.5x your credit

🟠 Deribit · ↔️ Rangebound $BTC Iron Condor 50x ($16.9M)

🟢 Buy $81,500 Put · 24 Oct 26
🔴 Sell $84,000 Put · 24 Oct 26
🔴 Sell $85,000 Call · 24 Oct 26
🟢 Buy $87,000 Call · 24 Oct 26

Max Profit: $49.4K → if BTC inside $84k–$85k
Max Loss: $75.6K → if BTC at/below $81.5k

You Receive: $49.4K | Max Loss → 1.5x your credit

🔵 Derive · 📈 Bullish $ETH Call Spread 10000x ($50.2M)

🟢 Buy $7,000 Call · 26 Mar 27
🔴 Sell $8,000 Call · 26 Mar 27

Max Profit: $10M → if ETH at/above $8,000
Max Loss: $48.5K → if ETH at/below $7,000

You Pay: $48.5K | Max Profit → 205x your cost

🟠 Deribit · 📅 Term Structure $BTC Put Diagonal 100x ($16.9M) · buys 23 Oct vol, sells 30 Oct

🟢 Buy $78,000 Put · 23 Oct 26
🔴 Sell $76,000 Put · 30 Oct 26

At 23 Oct 26 expiry:
Max Profit: $209K → if BTC at/below $68.2k
Max Loss: $90.6K → if BTC at $78k

You Receive: $9.3K | Max Loss → 9.7x your credit

🔵 Facilitated by Paradigm

🟠 Deribit · $BTC Custom 25x ($17.3M)

🟢 Buy $35,000 Put · 26 Mar 27 · 4.2x
🟢 Buy $90,000 Call · 26 Mar 27
🔴 Sell $95,000 Call · 26 Mar 27 · 3x
loses above $101k

Max Profit: $3.8M → if BTC at/below $0
Max Loss: Unlimited → if BTC above $101k

You Receive: $194K | Max Loss → Unlimited

🟠 Deribit · 🌪️ Long Vol $BTC Custom 10.8x ($8.9M)

🟢 Buy $30,000 Put · 25 Jun 27 · 8.7x
🟢 Buy $130,000 Call · 25 Jun 27
pays outside $29.6k–$134k

Max Profit: Unlimited → if BTC outside $29.6k–$134k
Max Loss: $38.2K → if BTC inside $30k–$130k

You Pay: $38.2K | Max Profit → Unlimited

🟠 Deribit · 🧘 Short Vol $BTC Custom 25x ($12.7M)

🔴 Sell $83,000 Call · 23 Oct 26 · 3x
🔴 Sell $83,000 Put · 23 Oct 26
🟢 Buy $89,000 Call · 23 Oct 26 · 2x
loses outside $77.7k–$84.8k

Max Profit: $133K → if BTC at $83k
Max Loss: Unlimited → if BTC outside $77.7k–$84.8k

You Receive: $133K | Max Loss → Unlimited