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.
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.
Below are some instances of options activity happening in the Industrials sector:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CHPT | PUT | TRADE | BULLISH | 05/27/22 | $9.50 | $455.7K | 320 | 15.0K |
| UBER | CALL | TRADE | BEARISH | 06/17/22 | $25.00 | $456.0K | 13.4K | 3.6K |
| DE | CALL | SWEEP | BULLISH | 05/20/22 | $400.00 | $48.3K | 946 | 757 |
| RTX | CALL | TRADE | BULLISH | 06/10/22 | $98.00 | $44.5K | 18 | 582 |
| LYFT | PUT | TRADE | BULLISH | 01/20/23 | $30.00 | $97.0K | 1.8K | 164 |
| UNP | CALL | TRADE | BEARISH | 07/01/22 | $235.00 | $79.9K | 0 | 133 |
| PWR | PUT | SWEEP | BULLISH | 06/17/22 | $115.00 | $66.0K | 240 | 100 |
| UPS | PUT | TRADE | BEARISH | 01/20/23 | $160.00 | $48.4K | 1.5K | 100 |
| AGCO | CALL | TRADE | BEARISH | 11/18/22 | $100.00 | $38.2K | 0 | 15 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For CHPT (NYSE:CHPT), we notice a put option trade that happens to be bullish, expiring in 11 day(s) on May 27, 2022. This event was a transfer of 11994 contract(s) at a $9.50 strike. The total cost received by the writing party (or parties) was $455.7K, with a price of $38.0 per contract. There were 320 open contracts at this strike prior to today, and today 15018 contract(s) were bought and sold.
• Regarding UBER (NYSE:UBER), we observe a call option trade with bearish sentiment. It expires in 32 day(s) on June 17, 2022. Parties traded 3000 contract(s) at a $25.00 strike. The total cost received by the writing party (or parties) was $456.0K, with a price of $152.0 per contract. There were 13417 open contracts at this strike prior to today, and today 3665 contract(s) were bought and sold.
• For DE (NYSE:DE), we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on May 20, 2022. This event was a transfer of 157 contract(s) at a $400.00 strike. This particular call needed to be split into 33 different trades to become filled. The total cost received by the writing party (or parties) was $48.3K, with a price of $310.0 per contract. There were 946 open contracts at this strike prior to today, and today 757 contract(s) were bought and sold.
• For RTX (NYSE:RTX), we notice a call option trade that happens to be bullish, expiring in 25 day(s) on June 10, 2022. This event was a transfer of 484 contract(s) at a $98.00 strike. The total cost received by the writing party (or parties) was $44.5K, with a price of $92.0 per contract. There were 18 open contracts at this strike prior to today, and today 582 contract(s) were bought and sold.
• For LYFT (NASDAQ:LYFT), we notice a put option trade that happens to be bullish, expiring in 249 day(s) on January 20, 2023. This event was a transfer of 84 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $97.0K, with a price of $1155.0 per contract. There were 1878 open contracts at this strike prior to today, and today 164 contract(s) were bought and sold.
• For UNP (NYSE:UNP), we notice a call option trade that happens to be bearish, expiring in 46 day(s) on July 1, 2022. This event was a transfer of 123 contract(s) at a $235.00 strike. The total cost received by the writing party (or parties) was $79.9K, with a price of $650.0 per contract. There were 0 open contracts at this strike prior to today, and today 133 contract(s) were bought and sold.
• Regarding PWR (NYSE:PWR), we observe a put option sweep with bullish sentiment. It expires in 32 day(s) on June 17, 2022. Parties traded 100 contract(s) at a $115.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $66.0K, with a price of $660.0 per contract. There were 240 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold.
• For UPS (NYSE:UPS), we notice a put option trade that happens to be bearish, expiring in 249 day(s) on January 20, 2023. This event was a transfer of 50 contract(s) at a $160.00 strike. The total cost received by the writing party (or parties) was $48.4K, with a price of $970.0 per contract. There were 1574 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold.
• Regarding AGCO (NYSE:AGCO), we observe a call option trade with bearish sentiment. It expires in 186 day(s) on November 18, 2022. Parties traded 15 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $38.2K, with a price of $2550.0 per contract. There were 0 open contracts at this strike prior to today, and today 15 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.
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!