A trader bought $2 million in DOGE call options

05/29 15:26

Wechat scan to share

Bernd Sischka, Chief Business Officer of the derivative exchange PowerTrade, stated that a trader purchased a bullish option for Dogecoin (DOGE) worth $2 million at an execution price of $0.22 on Wednesday. The current trading price of DOGE is $0.166, and it is reported that the purchased bullish option will expire on June 14. This means that DOGE must rise by more than 31% for the trader to make a profit.

Comments

All Comments

Recommended for you

Ciaran Lyons · 04/27 08:14

US crypto rules like 'floor is lava' game without lights — Hester Peirce

SEC Commissioner Hester Peirce said that to engage in crypto activities, “SEC-registrants have had to hop from one poorly illuminated regulatory space to the next.”
Biraajmaan Tamuly · 04/27 08:07

Bitcoin trades at ‘40% discount’ as spot BTC ETF buying soars to $3B in one week

Data shows Bitcoin price is 40% undervalued, and the sharp uptick in spot BTC ETF purchasing suggests that institutional investors agree.
cointelegraph · 04/27 04:54

US crypto rules like 'floor is lava' game without lights — Hester Peirce

SEC Commissioner Hester Peirce says that, like the “floor is lava” game, the goal for SEC registrants in today's uncertain environment is to “never touch any crypto asset.”
Helene Braun · 04/25 09:55

SoftBank Is Buying Bitcoin Again, After $130M Loss in 2018. Is This Time Different?

SoftBank returns to crypto years after founder Masayoshi Son lost $130M on bitcoin.
James Van Straten，cryptoslat · 04/25 09:53

ARK Invest Raises 2030 Bitcoin Price Target to as High as $2.4M in Bullish Scenario

Falling bitcoin exchange balances signal strong holder sentiment as bitcoin hovers around $94,000.
Coindesk · 04/25 09:51

Senator and Ex-Bridgewater CEO McCormick Invests More in Bitcoin as Bill in Works

The former fund executive who became a U.S. senator from Pennsylvania this year, Dave McCormick, is BTC's biggest investor in Congress at the moment.
Jesse Hamilton · 04/25 08:27

Fed Joins OCC, FDIC in Withdrawing Crypto Warnings for U.S. Banks

Like the other U.S. bank agencies, the Fed has swept the decks of previous directives to bankers that they get sign-offs from the regulator for crypto activity.
cointelegraph · 04/25 08:25

Saylor holding 10M BTC won’t ‘threaten the protocol,’ says author

Bitcoin Standard author Saifedean Ammous says investors would simply divert from Strategy or BlackRock if either ever abused their position of controlling a significant amount of Bitcoin.
Stephen Moore · 04/25 08:21

North Korean hackers set up 3 shell companies to scam crypto devs

Silent Push senior threat analyst Zach Edwards says the FBI has since shut down at least one of the companies.
cointelegraph · 04/25 06:43

Bitcoin's next big resistance is $95K— What will trigger the breakout?

Decreasing Bitcoin exchange inflows, resurgent ETF demand and other bullish factors could push BTC price above the next big hurdle at $95,000.