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 puts outpaced calls on more than 2.8 times the average daily put options volume in Lululemon Athletica Inc (NASDAQ:LULU) on Tuesday. The company is going to report earnings on Wednesday, after the bell, and the options market is implying a move of 6% in either direction. The stock moves 5% on average on the event.
Weekly puts were the most active on Tuesday, said Khouw. During the session, he noticed a purchase of the September $387.50/$355 put spread for $8.90. Buyers of the put spread are risking about 2.3% of the current stock price on a bet the stock could finish as much as 8% lower by the end of the week, said Khouw.
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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