Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Speaking on CNBC's "Options Action", Dan Nathan said he noticed a big put options activity in PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) Thursday. He finds the high put volume interesting, because the stock is trading close to its 52-week highs.
Shortly after the opening, put volume started picking up and by the end of the day it outnumbered call volume 1.5 to 1. Nathan noticed that 76,000 contracts of the January 2019, 135 strike puts were bought for $6.60 during the trading session. The trade breaks even at $128.40 or 13.11 percent lower. Nathan believes that the trade is a hedge against a long portfolio of major tech stocks.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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