finance
Trader '0x6adb' Earns $559K Profit in Under 4 Months on $HYPE Options
A trader identified as '0x6adb' generated $559,000 in profits trading $HYPE options on the HypersurfaceX platform. The gains came over less than four months using two primary strategies. @lookonchain reported the details of the trading approach.
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A trader known as '0x6adb' made a $559,000 profit by trading $HYPE options on the HypersurfaceX platform, according to data from @lookonchain. The profit was achieved in less than four months, @lookonchain reported. Trader '0x6adb' mainly used two simple strategies in trading $HYPE options, as detailed by @lookonchain.
One strategy involved selling puts when the price of $HYPE dips, which results in getting paid if $HYPE does not fall further, @lookonchain stated. The other strategy consisted of selling covered calls when the price of $HYPE pumps, resulting in getting paid, according to @lookonchain.
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CorroborationModerate · 1 source
