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On CNBC's Options Action, Mike Khouw spoke about a big options trade that he noticed in Yelp Inc (NYSE: YELP) on Tuesday. The call options volume was pretty high too as it was five times higher than the average daily call options volume.
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Khouw noticed that somebody bought 4,000 contracts of the December 42 calls for $0.25. The trade breaks even at $42.25 or 5.76 percent above the current market price. It's going to make money if Yelp jumps more than 5.76 percent until December 30 expiration. The stock gained 5.13 percent on Tuesday.
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.