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.
Speaking to Benzinga, TD Ameritrade Chief Strategist JJ Kinahan said that Amazon.com, Inc. (NASDAQ: AMZN) options are expecting a 7.5 percent move following earnings today. The stock is currently trading at $388.62, down marginally on the session.
Amazon volatility is in the 83rd percentile, Kinahan noted. That means that traders are anticipating a large price swing, relative to Amazon's average volatility. Last earnings report, on January 29, Amazon's price moved nearly 14 percent higher – from $311.78 to close the following day at $354.53.
Kinahan does note that there have not yet been huge amounts of options traded, potentially given Amazon's high price. Year to date, the stock gained 25 percent following a more than 22 percent decline in 2014.
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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