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On CNBC's "Options Action," Mike Khouw spoke about unusually high options activity in salesforce.com, inc. (NYSE:CRM), which is due to report earnings on Tuesday after the bell.
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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Khouw saw around two times the average daily options volume on Monday. He also noticed the market is implying a move of just under 8% by the end of the week, which is in line with the average move of 7.7% for the event.
The most active options were the December $250 calls as over 4,000 contracts were traded for $5.30. Buyers are expecting the stock to trade above $255.30 or around 6% higher by the end of the week.