DeFi Dad â defidad.eth
@DeFi_Dad
â DeFi super-user, educator, angel
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Joined May 2018
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đ¯ @koolkrypto223 strikes again
First big $LIT options trades are hitting the tape.
LIT 27 Nov $6 Call
250,000x bought @ $0.4220
$105.5k premium, ~$986k notional
Breakeven: $6.42 (+63% from spot)
If LIT does a 2x to $7.88 by expiry, the position is worth $470k. That's +$364.5k profit, a ~4.5x on the premium.
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