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.
Todd Gordon of TradingAnalysis.com revealed on CNBC's "Trading Nation" his options trading strategy in SPDR S&P 500 ETF Trust (NYSE:SPY). He thinks the market is going to continue to trade higher and he sees SPDR S&P 500 ETF Trust between $146 and $148 over the next couple of weeks.
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To make a bullish trade, Gordon wants to sell the July 244/241 put spread for 96 cents. If the stock closes above $244 at the July expiration, he is going to make the maximal profit of 96 cents. The trade starts to lose money below $243.04 and it can maximally lose $2.04. Gordon is going to close the trade if SPDR S&P 500 ETF Trust drops below $242.
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.