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Speaking on CNBC's "Options Action", Mike Khouw said he was watching the change in the open interest of the media stocks on Thursday. He added that Time Warner Inc (NYSE:TWX) had the biggest change in open interest among them.
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The open interest in the October 105 calls in Time Warner increased on Thursday from 25,000 open contracts to almost 30,000. Khouw explained that the options traders are betting that the stock is going to trade above $106 at the October 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.