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 said that there was some interesting options action in Sprint Corp (NYSE:S) on Thursday. The put options volume was 10 times the average daily volume.
When the stock was trading at $5.95, Nathan noticed that someone bought 10,000 contracts of the May 6/5 put spread for $0.25. The trade breaks even at $5.75 and if the stock trades to $5 at the May expiration, the trade would reach its maximal profit of $0.75.
Nathan added that back in April T-Mobile Us Inc (NASDAQ:TMUS) launched a $26 billion bid for Sprint. If any issues arise about the deal, the stock could decline to $5, explained Nathan.
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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