A significant options trade on the Deirbit exchange suggests that there is an expectation for the price of SOL, a cryptocurrency, to rally to $400 by the end of February. The trade, known as a bull call spread, involves a long position in a $280 call and a simultaneous short position in a $400 call. The trade is structured with 10,000 contracts for each leg and both legs set to expire on February 28. The upside potential of the trade is limited to the price reaching $400, while the downside risk is limited to the premium paid for the trade. Currently, SOL is trading at $254, with recent record highs above $290.



Other News from Today