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A trader purchases a $2 million DOGE call option

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2024-05-29 23:19:52
Bernd Sischka, chief commercial officer of derivatives exchange PowerTrade, said a trader bought a $2 million DOGE call option on Wednesday with a strike price of $0.22. DOGE is currently trading at $0.166, and it is reported that the call option purchased this time will expire on June 14, which means that DOGE must rise by more than 31% for the trader to be profitable.