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", Carter Worth spoke about unusually high options activity in AT&T Inc. (NYSE:T). He noticed a couple of bullish patterns on its chart and he thinks the stock might move higher. Worth showed on the chart the inverse head and shoulders pattern and a cup and handle pattern. He also noticed that the stock moved above its downtrend line, pulled back and then bounced off the trend line.
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!
Mike Khouw said AT&T pays a big dividend, which makes calls cheap. He is also concerned about its big debt level and he thinks that it would be best to use options to make a bullish bet. He wants to buy the July 32 calls for 95 cents. The trade breaks even at $32.95 or 2.11 percent above the current market price.
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.