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 "Options Action", Dan Nathan spoke about an unusually high options activity in Technology Select Sector SPDR Fund (NYSE:XLK). During the session, put options were more active than calls and they outnumbered calls two to one.
When the stock was trading at $70, Nathan noticed a purchase of 5,000 contracts of the April 69/63 put spread for 87 cents. The trade breaks even at $68.13 or 2.56 percent below the current market price. The trade is going to reach its maximal profit of $5.13, if the stock drops to $63 or lower at the April expiration.
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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