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 an options strategy that offers protection for a long stock portfolio.
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!
Khouw thinks that a put spread in SPDR S&P 500 ETF Trust (NYSE: SPY) would be the best strategy, because options premiums have increased. He would buy the December 31, 188 strike put for $8.60 and sell the December 31, 170 strike put for $3.60. The put spread would cost him $5 or a little over 2.5 percent and it offers protection of $13, below $183. Khouw added that a long stock position would probably pay some dividends.
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.