Dan Nathan Sees Unusal Options Activity In General Electric Company - GE Aero (NYSE:GE)

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.

Dan Nathan analyzed on CNBC's Options Action a bullish bet on General Electric Company (NYSE: GE). Options volume was three times higher than the daily average on Monday and calls outnumbered puts 2 to 1. There was one trade that caught Nathan's attention on a day when the stock was down 3.09 percent. A trader sold the December 26 puts and used proceeds to buy the the December 30 calls, receiving a credit of $0.20 for the structure. If the stock trades between $26 and $30 at the December expiration the trader is going to collect the premium and if it jumps above $30 the trader is going to participate on the upside.

Crypto Whales Are Loading Up — Are You?

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!