Shares of payments stocks Tuesday climbed, with Mastercard Inc (NYSE:MA) and PayPal Holdings Inc (NASDAQ:PYPL) rising more than 4% each, Visa Inc (NYSE:V) gaining over 3% and Block Inc (NYSE:SQ) adding more than 6%.
On CNBC's "Options Action," Mike Khouw of Optimize Advisors said that there were bullish bets on all four of these stocks, but the largest were in Visa. The stock traded more than 2 times its average daily options volumes on Tuesday, with calls outpacing puts, he added.
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.
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!
Check out other stocks making big moves in the premarket.
There were buyers of 2,852 of the April 1 weekly 230 strike calls for an average price of 83 cents, Khouw mentioned. The buyers of these are betting that the stock retests the highs reached in February by Friday, he added.
Also Read: Traders Make Bullish Bets On Lululemon Athletica Ahead Of Earnings
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.