Deribit Bulk Options: A user bought Ethereum put and call options for $2600 at the end of November, totaling 5000 ETH

Deribit's Asia-Pacific Business Head, Lin Chen, posted on X stating that a certain user paid a premium of 1.769 million USD to purchase put and call options for the end of November at 2600 USD, totaling 5000 ETH. Analysis suggests that this user likely anticipates significant market fluctuations in the weeks following the election, which may lead to substantial volatility.