BKKT is now at all time low, $3.41, after almost 3 months ago it was trading at $51. Bakkt is oversold for the last 24 days!
But yesterday i noticed the highest out of the money calls that implied a huge volatility for BKKT: $35 strike price expiring May 20! I haven`t seen such a 900% price difference since the GME calls 2 years ago.
This might be a great buy opportunity! if you don`t know BKKT, here are some details:
Cryptocurrency exchange Bakkt has a partnership with Mastercard to offer crypto debit and credit cards.
Bakkt has announced a separate deal with Fiserv .
Bakkt also partnered with Google to allow its users to purchase goods and services using cryptocurrencies through the Google Pay wallet.
Manasquan Bank, a NJ-based mutual community bank will be participating in its early adopter program, which will allow the bank’s retail clients to buy, sell and hold cryptocurrency through the bank’s mobile banking app.
BKKT`s Market Cap is 194Mil, basicaly a penny stock, lower than some of the most obscure crypto exchanges utility tokens. And when you think Bakkt is owned by ICE, Intercontinental Exchange , the company who owns the New York Stock Exchange!