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 suggested that investors should consider using options to hedge a long position that behaves like SPDR S&P 500 ETF Trust (NYSE:SPY).
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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See Also: Carter Worth And Mike Khouw's Estée Lauder Trade
Khouw wants to buy the July $400 put for $7.65 and he would finance the purchase by selling the July $435 call for $3.65 and the July $375 put for $3. In case SPY trades lower, Khouw would have protection between $400 and $375. With the sale of the call, he is limiting his upside to $435 or 4.24% above SPY's closing price on Friday.