Notable Put Options Activity in Itron - Itron (NASDAQ:ITRI)

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 Itron (NASDAQ: ITRI) are higher on the session by 0.88%, currently trading at $41.40. The stock has been moving largely higher over the past two months and is currently trading above the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the February 2012 $40.00 put, which has traded 1,110 times on open interest of 4,413 contracts. Put volume is outpacing call volume by 14 to 1. Itron, Inc. is a technology company, offering end-to-end smart metering solutions to electric, natural gas, and water utilities around the world.

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!