20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
A whale with a lot of money to spend has taken a noticeably bullish stance on DoorDash.
Looking at options history for DoorDash (NYSE:DASH) we detected 32 strange trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 19 are puts, for a total amount of $1,060,091 and 13, calls, for a total amount of $444,856.
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 $80.0 to $200.0 for DoorDash over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for DoorDash options trades today is 528.78 with a total volume of 11,039.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for DoorDash's big money trades within a strike price range of $80.0 to $200.0 over the last 30 days.
DoorDash 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 |
|---|---|---|---|---|---|---|---|---|
| DASH | PUT | TRADE | BEARISH | 02/18/22 | $100.00 | $179.8K | 2.1K | 2.1K |
| DASH | PUT | SWEEP | BEARISH | 06/17/22 | $125.00 | $128.7K | 52 | 50 |
| DASH | PUT | SWEEP | BEARISH | 02/18/22 | $100.00 | $116.5K | 2.1K | 271 |
| DASH | PUT | SWEEP | BULLISH | 02/18/22 | $100.00 | $73.9K | 2.1K | 430 |
| DASH | PUT | TRADE | BULLISH | 01/20/23 | $200.00 | $64.5K | 41 | 7 |
Where Is DoorDash Standing Right Now?
- With a volume of 2,998,781, the price of DASH is up 8.25% at $112.22.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 16 days.
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.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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!