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 said Marathon Petroleum Corp (NYSE:MPC) has seen a lot of call activity over the last 20 days and the open interest in calls outpaces the open interest in puts by about three to one. On Monday, he saw a little over two times the average daily trading volume in Marathon Petroleum and most of that was related to call activity.
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During the session, Khouw noticed a purchase of 15,000 contracts of the January $35/$40 call spread at $1.04. The trade breaks even at $36.04 or 15.33% above the closing price on Monday. If the stock jumps to $40 or higher, the trade is going to reach its maximal profit of $3.96.
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.