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 spoke about an options trade that he noticed during the trading session on Thursday in Celgene Corporation (NASDAQ: CELG).
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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A trader bought 3,000 contracts of the November 120/130 call spread and sold 1,200 contracts of the November 105 put to finance it. The trade starts to make money above $120 and it can make maximally $10 per contract or a profit of $3 million, if the stock jumps to or above $130 at the November expiration.
It starts to lose money below $105 and it can lose $3 million if the stock drops to $80. Khouw thinks that the risk/reward in the trade is very favorable.