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On CNBC's "Options Action," Mike Khouw said that he saw more than three times the average daily call volume in Tiffany & Co. (NYSE:TIF) on Monday.
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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The high call volume was a result of a single trade in the November $125/$130 call spread. A trader bought 10,000 contracts for $1.05, betting around $1 million that the stock will jump at least above $126.05 or 7.74% higher from the closing price on Monday.
The trade is going to reach its maximal profit of $3.95, if the stock jumps to $130 or higher, which would be a move of more than 11%.