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 unusually high options activity in T-Mobile US Inc. (NASDAQ:TMUS). There are some uncertainties about the T-Mobile-Sprint (NYSE:S) deal and options traders are trying to position themselves, explained Nathan.
See Also: Conflicting Signals On Sprint, T-Mobile Merger: FCC Up, But DOJ Reportedly Still Down On Deal
Put options outnumbered call options 2 to 1 on Monday and when the stock was trading at $80, a trader bought 1,000 contracts of the June 77 puts for $1.68. The trade breaks even at $75.32 or 3.79 percent below the current stock price. Nathan believes the trade could be a hedge.
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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