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.
Jim Strugger of MKM Holdings spoke on Bloomberg Markets about an options trading strategy in iShares MSCI Mexico Inv. Mt. Idx. (ETF) (NYSE: EWW).
He thinks that the ETF is oversold and it is all related to the Mexican Peso rate. Strugger explained that the Mexican monetary authority is going to support the Peso and he wants to set up a bullish options strategy to profit from a potential move higher.
He wants to sell the March 40 put and buy the March 46 call. The risk reversal would cost him $0.15 and he is going to make money if iShares MSCI Mexico Inv. Mt. Idx. (ETF) trades above $46.15 at the March expiration.
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!