
Block trade monitor for option markets by @Paradex Learn options with every block trade, across Paradex, Derive, Deribit, Bybit, Bullish,
Joined September 2026
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📈 Bullish $HYPE Call 25000x ($2M)
🟢 Buy $85 Call · 13 Nov 26
Max Profit: Unlimited → if HYPE above $88.1
Max Loss: $77.3K → if HYPE at/below $85
You Pay: $77.3K | Max Profit → Unlimited
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app.paradex.trade/options/HY…
↗️ Skew $BTC Risk Reversal 100x ($16M) · buys $70,000 vol, sells $90,000
🟢 Buy $70,000 Put · 27 Nov 26
🔴 Sell $90,000 Call · 27 Nov 26
Max Profit: $7M → if BTC at/below $0
Max Loss: Unlimited → if BTC above $70k
You Pay: $3.2K | Max Profit → 2188x your cost
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app.paradex.trade/options/BT…
📅 Term Structure $BTC Custom 100x ($28M) · buys 2.5x 31 Oct vol, sells 30 Oct
🔴 Sell $75,000 Call · 30 Oct 26
🟢 Buy $81,000 Call · 31 Oct 26 · 2.5x
pays outside $78.4k–$82.6k
At 30 Oct 26 expiry:
Max Profit: Unlimited → if BTC outside $78.4k–$82.6k
Max Loss: $127K → if BTC at/below $85.1k
You Receive: $334K | Max Loss → 0.4x your credit
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app.paradex.trade/options/BT…
📅 Term Structure $BTC Call Diagonal 100x ($16M) · buys 25 Jun vol, sells 26 Mar
🔴 Sell $80,000 Call · 26 Mar 27
🟢 Buy $95,000 Call · 25 Jun 27
At 26 Mar 27 expiry:
Max Profit: $445K → if BTC inside $78.3k–$80.4k
Max Loss: $1.2M → if BTC at/above $133k
You Receive: $277K | Max Loss → 4.4x your credit
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app.paradex.trade/options/BT…
📈 Bullish $BTC Call Spread 15x ($2.4M)
🟢 Buy $95,000 Call · 25 Dec 26
🔴 Sell $110,000 Call · 25 Dec 26
Max Profit: $215K → if BTC at/above $110k
Max Loss: $9.7K → if BTC at/below $95k
You Pay: $9.7K | Max Profit → 22x your cost
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app.paradex.trade/options/BT…
↔️ Rangebound $BTC Call Fly 50x ($16M)
🟢 Buy $80,000 Call · 28 Oct 26
🔴 Sell $81,000 Call · 28 Oct 26 · 2x
🟢 Buy $82,000 Call · 28 Oct 26
Max Profit: $37.1K → if BTC at $81k
Max Loss: $12.4K → if BTC outside $80k–$82k
You Pay: $12.4K | Max Profit → 3x your cost
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app.paradex.trade/options/BT…
🧘 Short Vol $ETH Straddle 500x ($2.3M)
🔴 Sell $2,300 Put · 31 Oct 26
🔴 Sell $2,300 Call · 31 Oct 26
Max Profit: $46.2K → if ETH at $2,300
Max Loss: Unlimited → if ETH outside $2,210–$2,390
You Receive: $46.2K | Max Loss → Unlimited
📅 Term Structure $ETH Custom 125x ($2.9M)
🟢 Buy $2,300 Put · 27 Oct 26
🟢 Buy $2,320 Call · 27 Oct 26
🟢 Buy $2,240 Put · 28 Oct 26 · 2x
🔴 Sell $2,300 Put · 28 Oct 26 · 2x
🔴 Sell $2,340 Call · 28 Oct 26 · 2x
🟢 Buy $2,400 Call · 28 Oct 26 · 2x
pays outside $2,280–$2,330
At 27 Oct 26 expiry:
Max Profit: Unlimited → if ETH outside $2,280–$2,330
Max Loss: $1.5K → if ETH inside $2,130–$2,490
You Receive: $3.7K | Max Loss → 0.4x your credit
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app.paradex.trade/options/ET…
📈 Bullish $ETH Call Spread 1000x ($4.6M)
🟢 Buy $5,000 Call · 26 Mar 27
🔴 Sell $7,000 Call · 26 Mar 27
Max Profit: $2M → if ETH at/above $7,000
Max Loss: $11.4K → if ETH at/below $5,000
You Pay: $11.4K | Max Profit → 174x your cost
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app.paradex.trade/options/ET…
📈 Bullish $ETH Call Spread 1000x ($4.7M)
🟢 Buy $2,800 Call · 25 Dec 26
🔴 Sell $3,500 Call · 25 Dec 26
Max Profit: $651K → if ETH at/above $3,500
Max Loss: $49.1K → if ETH at/below $2,800
You Pay: $49.1K | Max Profit → 13x your cost
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app.paradex.trade/options/ET…
📅 Term Structure $BTC Put Calendar 100x ($16M) · buys 26 Mar 27 vol, sells 30 Oct 26
🔴 Sell $78,000 Put · 30 Oct 26
🟢 Buy $78,000 Put · 26 Mar 27
At 30 Oct 26 expiry:
Max Profit: $200K → if BTC at $78k
Max Loss: $561K → if BTC outside $48.6k–$131k
You Pay: $561K | Max Profit → 0.4x your cost
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app.paradex.trade/options/BT…
↔️ Rangebound $ETH Call Condor 71.3x ($665K)
🟢 Buy $2,400 Call · 29 Oct 26
🔴 Sell $2,600 Call · 29 Oct 26
🔴 Sell $2,650 Call · 29 Oct 26
🟢 Buy $2,700 Call · 29 Oct 26
Max Profit: $13.1K → if ETH inside $2,600–$2,650
Max Loss: $1.1K → if ETH at/below $2,400
You Pay: $1.1K | Max Profit → 12x your cost
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app.paradex.trade/options/ET…
📈 Bullish $ETH Put Spread 159x ($744K)
🟢 Buy $1,800 Put · 6 Nov 26
🔴 Sell $2,000 Put · 6 Nov 26
Max Profit: $971 → if ETH at/above $2,000
Max Loss: $30.8K → if ETH at/below $1,800
You Receive: $971 | Max Loss → 32x your credit
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app.paradex.trade/options/ET…
📅 Term Structure $ETH Put Calendar 2000x ($9.3M) · buys 26 Mar vol, sells 24 Sep
🟢 Buy $2,300 Put · 26 Mar 27
🔴 Sell $2,300 Put · 24 Sep 27
At 26 Mar 27 expiry:
Max Profit: $248K → if ETH outside $1,120–$5,250
Max Loss: $446K → if ETH at $2,300
You Receive: $248K | Max Loss → 1.8x your credit
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app.paradex.trade/options/ET…
🌪️ Long Vol $BTC Straddle 145x ($23.2M)
🟢 Buy $80,000 Put · 29 Oct 26
🟢 Buy $80,000 Call · 29 Oct 26
Max Profit: Unlimited → if BTC outside $78k–$82k
Max Loss: $293K → if BTC at $80k
You Pay: $293K | Max Profit → Unlimited
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app.paradex.trade/options/BT…
📉 Bearish $BTC Put Spread 3.96x ($633K)
🔴 Sell $72,000 Put · 30 Oct 26
🟢 Buy $77,000 Put · 30 Oct 26
Max Profit: $18.7K → if BTC at/below $72k
Max Loss: $1.1K → if BTC at/above $77k
You Pay: $1.1K | Max Profit → 17x your cost
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app.paradex.trade/options/BT…
📉 Bearish $BTC Risk Reversal 100x ($16M)
🟢 Buy $72,000 Put · 25 Dec 26
🔴 Sell $90,000 Call · 25 Dec 26
Max Profit: $7.2M → if BTC at/below $0
Max Loss: Unlimited → if BTC above $71.9k
You Pay: $16K | Max Profit → 449x your cost
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app.paradex.trade/options/BT…
🧘 Short Vol $BTC Custom 500x ($80.3M)
🔴 Sell $95,000 Call · 27 Nov 26
🔴 Sell $96,000 Call · 27 Nov 26
loses above $95.5k
Max Profit: $249K → if BTC at/below $95k
Max Loss: Unlimited → if BTC above $95.5k
You Receive: $249K | Max Loss → Unlimited
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app.paradex.trade/options/BT…
📅 Term Structure $ETH Custom 500x ($4.7M)
🔴 Sell $2,000 Put · 30 Oct 26
🔴 Sell $2,500 Call · 30 Oct 26
🟢 Buy $2,000 Put · 27 Nov 26
🟢 Buy $2,500 Call · 27 Nov 26
At 30 Oct 26 expiry:
Max Profit: $25.6K → if ETH at $2,500
Max Loss: $49.9K → if ETH outside $1,490–$3,330
You Pay: $49.9K | Max Profit → 0.5x your cost
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app.paradex.trade/options/ET…
$BTC Custom 50x ($27M)
🟢 Buy $80,500 Call · 30 Oct 26 · 1.7x
🔴 Sell $81,000 Call · 30 Oct 26
🔴 Sell $84,000 Call · 30 Oct 26 · 2x
🟢 Buy $85,000 Call · 30 Oct 26 · 2x
pays above $81.1k
Max Profit: Unlimited → if BTC above $81.1k
Max Loss: $48.1K → if BTC at/below $80.5k
You Pay: $48.1K | Max Profit → Unlimited



















