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 "Fast Money Halftime Report," Pete Najarian spoke about unusually high options activity in Advanced Micro Devices, Inc. (NASDAQ:AMD). He noticed aggressive buying in the name as traders bought around 7,400 contracts of the September $76 calls for 75 cents. Najarian followed the trade and he warned traders who want to do the same to remember that these calls expire on Friday.
Najarian also noticed some activity in Bausch Health Companies Inc (NYSE:BHC). Options traders were active in the name for the second day in a row. On Wednesday, they bought 8,000 contracts of the October $18 calls and on Thursday, they bought more than 28,000 contracts of the September $17.50 calls. Najarian has a long position in Bausch Health Companies.
He has also been adding to his long call position in Applied Materials, Inc. (NASDAQ:AMAT). He noticed consistent buying on pullbacks in the name and he decided to jump in.
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.
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!