The $300K ETH Trade That Could Return $20 Million

A trader on Derive put down $300,000 in premium buying the ETH March 2027 5,000/7,000 call spread.⁣ ⁣ If ETH hits $7K by expiry, that position pays out roughly $20,000,000.⁣ ⁣ “That’s about a 66x payout on the original capital.”⁣ ⁣ Try to get that kind of leverage on perps and a 1.5% drawdown wipes