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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He explained that Nike has been the worst performer of the Dow Jones stocks, and he thinks that in the long term, it is going to improve its performance. Knuckman wants to use a stock replacement strategy to bet on a turnaround in the stock. He wants to buy the June 2017, 45-strike call for $8.
The trade breaks even at $53 or approximately 2.5 percent higher from its current price level. His maximal loss in the trade is the premium of $8, which is around 15.5 percent of the underlying price. Knuckman added that Nike hasn't been down at $45 since 2014. The option is deep in the money, and it is going to perform similarly like the stock, because it has a high delta.
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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.