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 Fast Money Halftime Report, Jon Najarian spoke about unusually high bullish options trading activity in Alibaba Group Holding Ltd (NYSE: BABA).
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.
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!
He explained that the stock traded slightly higher on Friday after it dropped below $100 this week on earnings results. Najarian noticed that somebody bought 10,000 contracts of the November 101 calls on Wednesday and he added that it was a call spread as there was also a sale of 10,000 contracts of the November 105 calls.
The total cost of the call spread was $0.85, which sets break even for the trade at $101.85. It can maximally make $3.15. Najarian decided to follow the trade.