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.
This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels.
Here's the list of options activity happening in today's session:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ATVI | PUT | TRADE | BULLISH | 01/19/24 | $35.00 | $450.0K | 256 | 5.0K |
| SNAP | CALL | SWEEP | BEARISH | 04/29/22 | $31.50 | $32.3K | 3.7K | 3.9K |
| PLTK | CALL | TRADE | BULLISH | 06/17/22 | $25.00 | $137.5K | 4.0K | 3.0K |
| ROKU | PUT | SWEEP | BEARISH | 04/29/22 | $80.00 | $29.9K | 4.2K | 1.2K |
| WBD | PUT | TRADE | BULLISH | 06/17/22 | $40.00 | $1.9 million | 26.0K | 1.0K |
| RBLX | PUT | SWEEP | BULLISH | 01/20/23 | $100.00 | $136.5K | 2.8K | 796 |
| NFLX | CALL | SWEEP | BEARISH | 01/19/24 | $400.00 | $267.7K | 13.6K | 679 |
| FB | CALL | SWEEP | BULLISH | 06/17/22 | $225.00 | $31.7K | 4.5K | 446 |
| GOOGL | CALL | SWEEP | NEUTRAL | 04/29/22 | $2405.00 | $801.4K | 41 | 350 |
| DIS | PUT | TRADE | BULLISH | 06/17/22 | $130.00 | $31.8K | 10.5K | 148 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding ATVI (NASDAQ:ATVI), we observe a put option trade with bullish sentiment. It expires in 633 day(s) on January 19, 2024. Parties traded 5000 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $450.0K, with a price of $90.0 per contract. There were 256 open contracts at this strike prior to today, and today 5030 contract(s) were bought and sold.
• For SNAP (NYSE:SNAP), we notice a call option sweep that happens to be bearish, expiring in 3 day(s) on April 29, 2022. This event was a transfer of 1075 contract(s) at a $31.50 strike. This particular call needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $32.3K, with a price of $30.0 per contract. There were 3775 open contracts at this strike prior to today, and today 3943 contract(s) were bought and sold.
• For PLTK (NASDAQ:PLTK), we notice a call option trade that happens to be bullish, expiring in 52 day(s) on June 17, 2022. This event was a transfer of 2500 contract(s) at a $25.00 strike. The total cost received by the writing party (or parties) was $137.5K, with a price of $55.0 per contract. There were 4010 open contracts at this strike prior to today, and today 3028 contract(s) were bought and sold.
• For ROKU (NASDAQ:ROKU), we notice a put option sweep that happens to be bearish, expiring in 3 day(s) on April 29, 2022. This event was a transfer of 95 contract(s) at a $80.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $29.9K, with a price of $315.0 per contract. There were 4233 open contracts at this strike prior to today, and today 1246 contract(s) were bought and sold.
• Regarding WBD (NASDAQ:WBD), we observe a put option trade with bullish sentiment. It expires in 52 day(s) on June 17, 2022. Parties traded 1000 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $1.9 million, with a price of $1974.0 per contract. There were 26088 open contracts at this strike prior to today, and today 1000 contract(s) were bought and sold.
• Regarding RBLX (NYSE:RBLX), we observe a put option sweep with bullish sentiment. It expires in 269 day(s) on January 20, 2023. Parties traded 20 contract(s) at a $100.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $136.5K, with a price of $6830.0 per contract. There were 2861 open contracts at this strike prior to today, and today 796 contract(s) were bought and sold.
• For NFLX (NASDAQ:NFLX), we notice a call option sweep that happens to be bearish, expiring in 633 day(s) on January 19, 2024. This event was a transfer of 255 contract(s) at a $400.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $267.7K, with a price of $1050.0 per contract. There were 13615 open contracts at this strike prior to today, and today 679 contract(s) were bought and sold.
• Regarding FB (NASDAQ:FB), we observe a call option sweep with bullish sentiment. It expires in 52 day(s) on June 17, 2022. Parties traded 87 contract(s) at a $225.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $31.7K, with a price of $365.0 per contract. There were 4519 open contracts at this strike prior to today, and today 446 contract(s) were bought and sold.
• For GOOGL (NASDAQ:GOOGL), we notice a call option sweep that happens to be neutral, expiring in 3 day(s) on April 29, 2022. This event was a transfer of 100 contract(s) at a $2405.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $801.4K, with a price of $8013.0 per contract. There were 41 open contracts at this strike prior to today, and today 350 contract(s) were bought and sold.
• Regarding DIS (NYSE:DIS), we observe a put option trade with bullish sentiment. It expires in 52 day(s) on June 17, 2022. Parties traded 20 contract(s) at a $130.00 strike. The total cost received by the writing party (or parties) was $31.8K, with a price of $1592.0 per contract. There were 10574 open contracts at this strike prior to today, and today 148 contract(s) were bought and sold.
Options Alert Terminology
- Call Contracts: The right to buy shares as indicated in the contract.
- Put Contracts: The right to sell shares as indicated in the contract.
- Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it.
- Premium/Option Price: The price of the contract.
For more information, visit our Guide to Understanding Options Alerts or read more about unusual options activity.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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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