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 Union Pacific Corporation (NYSE:UNP) and iHeartMedia Inc (NASDAQ:IHRT).
Union Pacific is interesting to Najarian because he expects it to break out to the upside on the earnings report, scheduled for April 22. Options traders bought the April 30, $225 strike calls in the name and they paid for them between $3.30 and $3.50.
Najarian also noticed that options traders were buying the May 20 calls in iHeartMedia. Around 4,000 contracts were traded for 70 cents. The trade breaks even at $20.70 or 13.67% above the closing price on Friday.
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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