On CNBC's "Options Action," Mike Khouw said that calls outpaced puts by 2 to 1 in Tesla Inc (NASDAQ:TSLA) on Wednesday. The volume was above average.
Most of the activity was concentrated in short-dated options and he noticed a purchase of 40,000 contracts of the July 2, $1,200 calls for $3.50. The trade breaks even at $1,203.50 or around 7.5% above the closing price on Wednesday.
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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.