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", Mike Khouw spoke about an unusually high options activity in the S&P 500. Ho noticed a sale of 19,000 contracts of the December 2020, 2,100-strike puts for $93.
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Khouw explained that someone is selling insurance on the S&P 500 and if it drops less than 20 percent until the December 2020 expiration, the trader is going to collect $176 million. He added that there have only been four events in the history where selling puts of that length in time, representing a decline of that amount has really been a dangerous thing to do. These events are the Great Depression, 1970 bear market, the dot-com bubble and the credit crisis.
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.