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.
A whale with a lot of money to spend has taken a noticeably bearish stance on Costco Wholesale.
Looking at options history for Costco Wholesale (NASDAQ:COST) we detected 27 strange trades.
If we consider the specifics of each trade, it is accurate to state that 22.22% of the investors opened trades with bullish expectations and 77.78% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $108,510.00 and 23, calls, for a total amount of $2,047,707.00.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $370.0 to $800.0 for Costco Wholesale over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Costco Wholesale'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 Costco Wholesale's whale activity within a strike price range from $370.0 to $800.0 in the last 30 days.
Costco Wholesale 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 |
|---|---|---|---|---|---|---|---|---|
| COST | CALL | SWEEP | BEARISH | 01/21/22 | $545.00 | $397.5K | 1.3K | 409 |
| COST | CALL | TRADE | BEARISH | 12/17/21 | $390.00 | $284.0K | 21 | 19 |
| COST | CALL | SWEEP | BULLISH | 12/17/21 | $545.00 | $207.3K | 586 | 770 |
| COST | CALL | SWEEP | NEUTRAL | 01/21/22 | $550.00 | $153.9K | 2.8K | 580 |
| COST | CALL | SWEEP | BULLISH | 01/21/22 | $560.00 | $112.6K | 3.2K | 490 |
Where Is Costco Wholesale Standing Right Now?
- With a volume of 1,542,982.00, the price of COST is down -2.55% at $528.2.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 1 days.
What The Experts Say On Costco Wholesale:
- Oppenheimer has decided to maintain their Outperform rating on Costco Wholesale, which currently sits at a price target of $580.0.
- Citigroup has decided to maintain their Neutral rating on Costco Wholesale, which currently sits at a price target of $540.0.
- Gordon Haskett upgraded its action to Buy with a price target of $575.0
- MKM Partners has decided to maintain their Neutral rating on Costco Wholesale, which currently sits at a price target of $498.0.
- Raymond James has decided to maintain their Outperform rating on Costco Wholesale, which currently sits at a price target of $565.0.
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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