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 said that calls outpaced puts in Cisco Systems Inc (NASDAQ:CSCO) by about two to one over the last 20 days and the ratio was almost three to one on Tuesday.
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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
The company is scheduled to report earnings on Wednesday after the bell and the options market is implying a move of 4.5% in either direction by the end of the week. That's less than Cisco's average move for the event of 6.7%.
During the session on Tuesday, Khouw noticed a trade of 2,900 contracts of the May $53 calls. Buyers were paying $1.22 for them, which sets the break even for the trade at $54.22 or 2.44% above the closing price on Tuesday.