27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
This unusual options alert can help traders track potentially big trading opportunities. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Unusual trading activity could push option prices to hyperbolic or underperforming levels.
Here's the list of some unusual options activity happening in today's session:
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| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BABA | CALL | SWEEP | NEUTRAL | 01/08/21 | $240.00 | $108.1K | 6.2K | 43.9K |
| NIO | CALL | SWEEP | NEUTRAL | 01/08/21 | $55.00 | $35.7K | 23.8K | 29.4K |
| TSLA | PUT | SWEEP | BULLISH | 01/08/21 | $700.00 | $108.0K | 9.1K | 18.8K |
| JD | CALL | SWEEP | BEARISH | 01/08/21 | $92.00 | $83.7K | 1.1K | 5.7K |
| CCL | PUT | SWEEP | BULLISH | 01/15/21 | $20.00 | $74.0K | 29.6K | 5.3K |
| GM | CALL | SWEEP | BULLISH | 02/19/21 | $41.00 | $94.2K | 1.6K | 4.0K |
| QS | PUT | SWEEP | BEARISH | 02/19/21 | $35.00 | $77.7K | 4.1K | 3.2K |
| PHM | PUT | SWEEP | BULLISH | 01/15/21 | $41.00 | $28.6K | 190 | 3.1K |
| GSX | PUT | TRADE | BULLISH | 02/19/21 | $30.00 | $75.0K | 1.0K | 2.8K |
| REAL | CALL | SWEEP | BULLISH | 05/21/21 | $25.00 | $272.4K | 454 | 2.3K |
Explanation
These itemized elaboration has been created using the accompanying table.
• For BABA (NYSE:BABA), we notice a call option sweep that happens to be neutral, expiring in 3 day(s) on January 8, 2021. A trader bought 263 contract(s) at a $240.00 strike. This particular call needed to be split into 26 different trades to become filled. The trader or institution spent $108.1K on this trade with a price of $414.0 per contract. There were 6243 open contracts at this strike prior to today, and today 43999 contract(s) were bought and sold.
• Regarding NIO (NYSE:NIO), we observe a call option sweep with neutral sentiment. It expires in 3 day(s) on January 8, 2021. A trader bought 210 contract(s) at a $55.00 strike. This particular call needed to be split into 24 different trades to become filled. The trader or institution spent $35.7K on this trade with a price of $170.0 per contract. There were 23816 open contracts at this strike prior to today, and today 29436 contract(s) were bought and sold.
• For TSLA (NASDAQ:TSLA), we notice a put option sweep that happens to be bullish, expiring in 3 day(s) on January 8, 2021. A trader bought 200 contract(s) at a $700.00 strike. This particular put needed to be split into 28 different trades to become filled. The trader or institution spent $108.0K on this trade with a price of $540.0 per contract. There were 9124 open contracts at this strike prior to today, and today 18819 contract(s) were bought and sold.
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• For JD (NASDAQ:JD), we notice a call option sweep that happens to be bearish, expiring in 3 day(s) on January 8, 2021. A trader bought 200 contract(s) at a $92.00 strike. This particular call needed to be split into 17 different trades to become filled. The trader or institution spent $83.7K on this trade with a price of $415.0 per contract. There were 1188 open contracts at this strike prior to today, and today 5736 contract(s) were bought and sold.
• For CCL (NYSE:CCL), we notice a put option sweep that happens to be bullish, expiring in 10 day(s) on January 15, 2021. A trader bought 926 contract(s) at a $20.00 strike. This particular put needed to be split into 55 different trades to become filled. The trader or institution spent $74.0K on this trade with a price of $80.0 per contract. There were 29682 open contracts at this strike prior to today, and today 5370 contract(s) were bought and sold.
• For GM (NYSE:GM), we notice a call option sweep that happens to be bullish, expiring in 45 day(s) on February 19, 2021. A trader bought 326 contract(s) at a $41.00 strike. This particular call needed to be split into 11 different trades to become filled. The trader or institution spent $94.2K on this trade with a price of $289.0 per contract. There were 1609 open contracts at this strike prior to today, and today 4006 contract(s) were bought and sold.
• Regarding QS (NYSE:QS), we observe a put option sweep with bearish sentiment. It expires in 45 day(s) on February 19, 2021. A trader bought 222 contract(s) at a $35.00 strike. This particular put needed to be split into 18 different trades to become filled. The trader or institution spent $77.7K on this trade with a price of $350.0 per contract. There were 4135 open contracts at this strike prior to today, and today 3245 contract(s) were bought and sold.
• Regarding PHM (NYSE:PHM), we observe a put option sweep with bullish sentiment. It expires in 10 day(s) on January 15, 2021. A trader bought 318 contract(s) at a $41.00 strike. This particular put needed to be split into 10 different trades to become filled. The trader or institution spent $28.6K on this trade with a price of $90.0 per contract. There were 190 open contracts at this strike prior to today, and today 3165 contract(s) were bought and sold.
• For GSX (NYSE:GSX), we notice a put option trade that happens to be bullish, expiring in 45 day(s) on February 19, 2021. A trader bought 200 contract(s) at a $30.00 strike. The trader or institution spent $75.0K on this trade with a price of $375.0 per contract. There were 1080 open contracts at this strike prior to today, and today 2811 contract(s) were bought and sold.
• For REAL (NASDAQ:REAL), we notice a call option sweep that happens to be bullish, expiring in 136 day(s) on May 21, 2021. A trader bought 879 contract(s) at a $25.00 strike. This particular call needed to be split into 24 different trades to become filled. The trader or institution spent $272.4K on this trade with a price of $310.0 per contract. There were 454 open contracts at this strike prior to today, and today 2368 contract(s) were bought and sold.
Options Alert Terminology
- Call Contracts: The right to buy shares as indicated in the contract.
- Put Contracts: The right to sell shares as indicated in the contract.
- Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it.
- Premium/Option Price: The price of the contract.
For more information, visit our Guide to Understanding Options Alerts or read more news on unusual options activity.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.