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 unusually high options activity in Macy's Inc (NYSE:M). He said that calls outnumbered puts three to one on Thursday and he noticed one big options trade in the name.
See Also: Najarian Brothers See Unusual Options Activity In Tapestry, Altice
Khouw noticed a purchase of 1,000 contracts of the Sept. $16 calls for 15 cents. The trade breaks even at $16.15 or 3.8% above the current stock price. Khouw explained that this trader is playing for a short-term bounce, committing a small amount of capital.
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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