Notable Call Options Activity in Ariba

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.

Shares of Ariba (NASDAQ: ARBA) are higher on the session by 1.37%, currently trading at $28.91. The stock has been moving largely lower over the past eight weeks and is currently trading below the 20-day moving average.Options traders are focusing on calls today. The strike seeing the heaviest volume is the March 2012 $35.00 call, which has traded 2,900 times on open interest of 5 contracts. Calls are outpacing puts today by 27 to 1. Ariba, Inc. is a provider of collaborative business commerce solutions. The company combines software-as-a-service technology with a Web-based community and a global network of trading partners.

27% profit every 20 days?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!