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ETH short squeeze – 4000% return in <7 days

ETH short squeeze – 4000% return in <7 days

On March 10th+11th I pointed out an extremely skewed risk/reward on ETH/USD option contracts on Deribit. Looking at the technical chart, it had a very nice bull setup, and I speculated the FED may announce some sort of bailout on the regional banks over the weekend. I posted a high risk option trade on this thesis which returned over 40x at the peak. I ended up selling my position throughout the week for an average return of around 2000%.

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