A trader bought $2 million in DOGE call options
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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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