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.
Someone with a lot of money to spend (and possibly insider knowledge) has taken an unusually bullish stance on Plug Power (NASDAQ:PLUG).
And retail traders should know.
Looking at options activity for Plug Power (NASDAQ:PLUG) we detected 12 unusual trades. If we consider the specifics of each trade, it is accurate to state that 66.67% of the investors opened trades with bullish expectations and 33.33% with bearish. From the overall spotted trades, 0 are puts, for a total amount of $0 and 12, calls, for a total amount of $445,397.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that the smart money is targeting a price range from $24.0 to $45.0 for Plug Power in the over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Plug Power's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Plug Power's smart money trades within a strike price range from $24.0 to $45.0 in the last 30 days.
Plug Power Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PLUG | CALL | SWEEP | BEARISH | 10/15/21 | $25.00 | $67.1K | 15.3K | 3.8K |
| PLUG | CALL | SWEEP | BULLISH | 10/15/21 | $25.00 | $48.1K | 15.3K | 2.1K |
| PLUG | CALL | SWEEP | BEARISH | 10/15/21 | $25.00 | $43.3K | 15.3K | 2.9K |
| PLUG | CALL | SWEEP | BULLISH | 10/15/21 | $25.00 | $39.8K | 15.3K | 1.0K |
| PLUG | CALL | SWEEP | BULLISH | 10/15/21 | $25.00 | $35.6K | 15.3K | 6.6K |
Where Is Plug Power Standing Right Now?
- With a volume of 10,146,684, the price of PLUG is up 1.07% over the last 24 hours at $24.63.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 33 days.
What The Experts Say On Plug Power:
- BMO Capital downgraded its action to Market Perform with a price target of $30.0
- Piper Sandler upgraded its action to Overweight with a price target of $33.0
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely. If you are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.
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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