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.
On CNBC's "Trading Nation", Todd Gordon suggested a bullish options strategy in NVIDIA Corporation (NASDAQ:NVDA).
He noticed the island reversal pattern, followed by a pull back into 50 percent retracement zone on its daily chart. Gordon sees this as a bullish sign and he wants to use options to make a bullish bet.
He wants to buy the December 212.50/220 call spread for $3.10. The trade breaks even at $215.60 or 1.89 percent above the current stock price. Gordon can maximally make $4.40 with the trade, if the stock jumps to $220 or higher. He is going to place a stop loss at 50 percent of the premium value.
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!