27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
Below are some instances of unusual options activity happening in the Communication Services sector:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DISCK | CALL | SWEEP | NEUTRAL | 12/17/21 | $30.00 | $426.2K | 1.2K | 4.7K |
| AMC | CALL | SWEEP | BULLISH | 09/17/21 | $145.00 | $35.1K | 25.3K | 4.6K |
| T | PUT | TRADE | BULLISH | 01/20/23 | $27.00 | $650.0K | 25.7K | 2.0K |
| DIS | CALL | SWEEP | BULLISH | 08/20/21 | $190.00 | $93.9K | 5.3K | 2.0K |
| PINS | PUT | TRADE | BULLISH | 08/20/21 | $65.00 | $436.5K | 9.6K | 1.7K |
| CMCSA | CALL | TRADE | BEARISH | 06/17/22 | $65.00 | $77.1K | 6.3K | 560 |
| SKLZ | PUT | TRADE | BEARISH | 10/15/21 | $12.50 | $51.3K | 480 | 512 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding DISCK (NASDAQ:DISCK), we observe a call option sweep with neutral sentiment. It expires in 156 day(s) on December 17, 2021. Parties traded 2026 contract(s) at a $30.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $426.2K, with a price of $215.0 per contract. There were 1242 open contracts at this strike prior to today, and today 4743 contract(s) were bought and sold.
• Regarding AMC (NYSE:AMC), we observe a call option sweep with bullish sentiment. It expires in 65 day(s) on September 17, 2021. Parties traded 262 contract(s) at a $145.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $35.1K, with a price of $134.0 per contract. There were 25349 open contracts at this strike prior to today, and today 4610 contract(s) were bought and sold.
• Regarding T (NYSE:T), we observe a put option trade with bullish sentiment. It expires in 555 day(s) on January 20, 2023. Parties traded 2000 contract(s) at a $27.00 strike. The total cost received by the writing party (or parties) was $650.0K, with a price of $325.0 per contract. There were 25769 open contracts at this strike prior to today, and today 2051 contract(s) were bought and sold.
• Regarding DIS (NYSE:DIS), we observe a call option sweep with bullish sentiment. It expires in 37 day(s) on August 20, 2021. Parties traded 261 contract(s) at a $190.00 strike. This particular call needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $93.9K, with a price of $360.0 per contract. There were 5369 open contracts at this strike prior to today, and today 2034 contract(s) were bought and sold.
• Regarding PINS (NYSE:PINS), we observe a put option trade with bullish sentiment. It expires in 37 day(s) on August 20, 2021. Parties traded 1500 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $436.5K, with a price of $291.0 per contract. There were 9618 open contracts at this strike prior to today, and today 1798 contract(s) were bought and sold.
• Regarding CMCSA (NASDAQ:CMCSA), we observe a call option trade with bearish sentiment. It expires in 338 day(s) on June 17, 2022. Parties traded 300 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $77.1K, with a price of $257.0 per contract. There were 6389 open contracts at this strike prior to today, and today 560 contract(s) were bought and sold.
• Regarding SKLZ (NYSE:SKLZ), we observe a put option trade with bearish sentiment. It expires in 93 day(s) on October 15, 2021. Parties traded 480 contract(s) at a $12.50 strike. The total cost received by the writing party (or parties) was $51.3K, with a price of $107.0 per contract. There were 480 open contracts at this strike prior to today, and today 512 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% profits every 20 days?
This is what Nic Chahine averages with his options 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.
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