A trader bought 660 call options and 660 put options with a strike price of $120,000 each, expiring at the end of March.

A trader bought a call option on Deribit with a strike price of $120,000 for 660 BTC (approximately $860,000) and a put option with a strike price of $80,000 for 660 BTC (approximately $1.5 million), both expiring on March 27th of this year.