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 of Benchmark Investments spoke on Bloomberg Markets about a bullish options strategy in Zayo Group Holdings Inc (NYSE:ZAYO).
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!
He said there are some rumors about a possible takeover in a range of $36.50 to $38.50 per share and he wants to use options to trade on these rumors. Kelly wants to buy the May 30/37.50 call spread for $3.15. The trade breaks even at $33.15 or 4.67 percent above the closing price on Monday. If the stock moves to $37.50 or higher at the may expiration, the trade is going to reach its maximal profit of $4.35.
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.