Crypto Whales Are Loading Up — Are You?
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On CNBC's "Options Action," Mike Khouw said that Palantir Technologies Inc (NYSE:PLTR) options saw above average call activity on Monday as the number of traded contracts exceeded the average by about 90,000 contracts.
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The most action was seen in the $24, $25 and $26 strike calls that expire on Friday. Around 45,000 contracts of the April $24 calls were traded for 65 cents. The trade breaks even at $24.65 or 5.61% above the closing price on Monday so buyers are betting on a quick recovery in Palantir.
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.