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.
A whale with a lot of money to spend has taken a noticeably bullish stance on Apple.
Looking at options history for Apple (NASDAQ:AAPL) we detected 132 strange trades.
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If we consider the specifics of each trade, it is accurate to state that 60% of the investors opened trades with bullish expectations and 39% with bearish.
From the overall spotted trades, 51 are puts, for a total amount of $3,401,670 and 81, calls, for a total amount of $10,893,672.
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 $110.0 to $230.0 for Apple over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Apple options trades today is 16101.43 with a total volume of 1,826,732.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Apple's big money trades within a strike price range of $110.0 to $230.0 over the last 30 days.
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Apple 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 |
|---|---|---|---|---|---|---|---|---|
| AAPL | CALL | SWEEP | BULLISH | 01/19/24 | $115.00 | $1.8M | 730 | 1.9K |
| AAPL | CALL | SWEEP | BULLISH | 01/19/24 | $120.00 | $1.1M | 7.8K | 4.8K |
| AAPL | CALL | SWEEP | BULLISH | 01/19/24 | $115.00 | $972.6K | 730 | 1.7K |
| AAPL | CALL | SWEEP | BULLISH | 01/19/24 | $110.00 | $802.8K | 2.7K | 90 |
| AAPL | CALL | SWEEP | BULLISH | 01/19/24 | $115.00 | $627.5K | 730 | 1.7K |
Where Is Apple Standing Right Now?
- With a volume of 58,288,059, the price of AAPL is up 4.08% at $165.72.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 89 days.
What The Experts Say On Apple:
- Raymond James has decided to maintain their Outperform rating on Apple, which currently sits at a price target of $190.
- New Street Research upgraded its action to Neutral with a price target of $165
- Morgan Stanley has decided to maintain their Overweight rating on Apple, which currently sits at a price target of $210.
- Deutsche Bank has decided to maintain their Buy rating on Apple, which currently sits at a price target of $210.
- Barclays has decided to maintain their Equal-Weight rating on Apple, which currently sits at a price target of $169.
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% 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.