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.
Kevin Kelly, the managing partner at Kelly & Co., spoke on Bloomberg Markets about a bullish trading idea in Home Depot Inc (NYSE:HD).
He said the company has increased its guidance for the rest of the year and it has $8 billion in share buybacks. Kelly wants to get a long exposure by purchasing shares at current market price and he also wants to sell the May 175 call for $4.65 against the long stock position. With the short call, he gets a 2.77 percent protection on the downside and if the stock trades higher, he is going to cap his selling price at $179.65 or 6.90 percent above the current market price.
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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!