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.
Kevin Kelly of Recon Capital Partners spoke on Bloomberg Markets about Paypal Holdings Inc (NASDAQ:PYPL).
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 thinks that traders who missed on a move of Amazon Web Services can buy Paypal. He explained that the company provides financial backbone for all the start ups and also for ecommerce.
Kelly thinks it would be a good idea to buy the stock and sell the October 47 call against it for $1.25. The short call position offers a 2.93 percent downside protection. If the stock trades above $47 at the October expiration, the selling price would be capped at $48.25 or 13.05 percent above the closing price on Tuesday.