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 that put options volume in Gap Inc (NYSE: GPS) on Wednesday was 5 times higher than its average put options volume.
During the trading session he noticed that a trader sold 30,000 contracts of the October 20 puts for $0.20. Khouw explained that the trader is willing to purchase 3 million shares, worth $60 million, at a 10 percent discount from the current market price. He added that this quantity would make the trader a top 30 shareholder.
If the stock stays above $20 at the October expiration, the trader is going to collect a total premium of $600.000. The trade starts to lose money below $19.80 or 10.24 percent lower than the closing price on Wednesday.
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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