Deribit ETH bulk options buy $3,000 put options at the end of July and sell $3,300 call options

Odaily News Lin Chen, head of Asia-Pacific business at Deribit, posted on the X platform that the largest ETH option today: someone received a premium of $331,000, bought a put option at the end of July (strike price) of $3,000 + sold a call option at the end of July of $3,300, totaling 2,000 ETH. According to his analysis, this person is bearish, and a profit is made when the price is less than $3,400 at the time of delivery; it is likely that he holds a lot of spot, buys puts + sells calls for hedging + profit.