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 discover the next big trading opportunities. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. Unusual trading activity could push option prices to exaggerated or underestimated 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 |
|---|---|---|---|---|---|---|---|---|
| BP | CALL | SWEEP | BULLISH | 01/15/21 | $23.00 | $25.2K | 11.3K | 9.2K |
| XOM | CALL | SWEEP | NEUTRAL | 01/15/21 | $45.00 | $62.7K | 67.7K | 3.4K |
| OXY | CALL | TRADE | BEARISH | 01/21/22 | $22.00 | $588.0K | 32.3K | 1.5K |
| PXD | CALL | TRADE | BULLISH | 01/15/21 | $130.00 | $250.0K | 3.0K | 1.2K |
| CCJ | CALL | SWEEP | BULLISH | 03/19/21 | $17.00 | $27.6K | 1.3K | 835 |
| MUR | CALL | SWEEP | BEARISH | 04/16/21 | $15.00 | $30.4K | 723 | 404 |
| RRC | CALL | TRADE | BULLISH | 03/19/21 | $6.00 | $42.0K | 647 | 200 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For BP (NYSE:BP), we notice a call option sweep that happens to be bullish, expiring in 10 day(s) on January 15, 2021. A trader bought 587 contract(s) at a $23.00 strike. This particular call needed to be split into 38 different trades to become filled. The trader or institution spent $25.2K on this trade with a price of $43.0 per contract. There were 11334 open contracts at this strike prior to today, and today 9265 contract(s) were bought and sold.
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• For XOM (NYSE:XOM), we notice a call option sweep that happens to be neutral, expiring in 10 day(s) on January 15, 2021. A trader bought 870 contract(s) at a $45.00 strike. This particular call needed to be split into 23 different trades to become filled. The trader or institution spent $62.7K on this trade with a price of $72.0 per contract. There were 67758 open contracts at this strike prior to today, and today 3458 contract(s) were bought and sold.
• Regarding OXY (NYSE:OXY), we observe a call option trade with bearish sentiment. It expires in 381 day(s) on January 21, 2022. A trader bought 1400 contract(s) at a $22.00 strike. The trader or institution spent $588.0K on this trade with a price of $420.0 per contract. There were 32328 open contracts at this strike prior to today, and today 1506 contract(s) were bought and sold.
• Regarding PXD (NYSE:PXD), we observe a call option trade with bullish sentiment. It expires in 10 day(s) on January 15, 2021. A trader bought 1250 contract(s) at a $130.00 strike. The trader or institution spent $250.0K on this trade with a price of $200.0 per contract. There were 3098 open contracts at this strike prior to today, and today 1273 contract(s) were bought and sold.
• For CCJ (NYSE:CCJ), we notice a call option sweep that happens to be bullish, expiring in 73 day(s) on March 19, 2021. A trader bought 400 contract(s) at a $17.00 strike. This particular call needed to be split into 13 different trades to become filled. The trader or institution spent $27.6K on this trade with a price of $69.0 per contract. There were 1354 open contracts at this strike prior to today, and today 835 contract(s) were bought and sold.
• For MUR (NYSE:MUR), we notice a call option sweep that happens to be bearish, expiring in 101 day(s) on April 16, 2021. A trader bought 203 contract(s) at a $15.00 strike. This particular call needed to be split into 24 different trades to become filled. The trader or institution spent $30.4K on this trade with a price of $150.0 per contract. There were 723 open contracts at this strike prior to today, and today 404 contract(s) were bought and sold.
• Regarding RRC (NYSE:RRC), we observe a call option trade with bullish sentiment. It expires in 73 day(s) on March 19, 2021. A trader bought 200 contract(s) at a $6.00 strike. The trader or institution spent $42.0K on this trade with a price of $210.0 per contract. There were 647 open contracts at this strike prior to today, and today 200 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 about 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.