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.
Dan Nathan said on CNBC's "Options Action" investors with a long position in Tesla Inc (NASDAQ:TSLA) should consider buying protection in the short term.
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 there is a substantial risk the stock might drop to $280, and he wants to buy the May 310/280 put spread for $8. The trade breaks even at $302 or 3.84 percent below the current stock price. If the stock drops to $280 or lower, the trade is going to make a maximal profit of $22. Nathan added that the trade could be used as an outright bearish bet, too.
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.