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.
Alan Knuckman of Bulls-Eye Options suggested on Bloomberg Markets a bullish options trade in Market Vectors Gold Miners ETF (NYSE: GDX).
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He is bullish on gold because it held well on a day when the U.S. dollar traded higher and he wants to buy the January 20 call for $4.25. The call option is almost $3 in the money and the break even for the trade is at $24.25 or 5.5 percent higher. He thinks that Market Vectors Gold Miners ETF is going to recover to $28 and if that happens at the January expiration, his trade is going to make almost 100 percent return.
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.