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 50 strange trades.
If we consider the specifics of each trade, it is accurate to state that 54% of the investors opened trades with bullish expectations and 46% with bearish.
From the overall spotted trades, 30 are puts, for a total amount of $7,026,878 and 20, calls, for a total amount of $1,540,602.
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 $70.0 to $220.0 for Apple over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Apple's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Apple's whale trades within a strike price range from $70.0 to $220.0 in the last 30 days.
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 | PUT | SWEEP | BEARISH | 06/24/22 | $185.00 | $5.0M | 6.4K | 1.2K |
| AAPL | PUT | TRADE | BULLISH | 06/21/24 | $175.00 | $222.0K | 331 | 230 |
| AAPL | CALL | SWEEP | NEUTRAL | 06/17/22 | $135.00 | $175.6K | 10.5K | 201 |
| AAPL | PUT | TRADE | BEARISH | 09/15/23 | $200.00 | $170.3K | 736 | 6 |
| AAPL | PUT | SWEEP | BULLISH | 06/17/22 | $135.00 | $153.5K | 38.7K | 1.6K |
Where Is Apple Standing Right Now?
- With a volume of 13,807,652, the price of AAPL is down -0.62% at $139.95.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 68 days.
What The Experts Say On Apple:
- Piper Sandler has decided to maintain their Overweight rating on Apple, which currently sits at a price target of $195.
- B of A Securities has decided to maintain their Buy rating on Apple, which currently sits at a price target of $200.
- Rosenblatt has decided to maintain their Neutral rating on Apple, which currently sits at a price target of $168.
- JP Morgan has decided to maintain their Overweight rating on Apple, which currently sits at a price target of $200.
- Credit Suisse has decided to maintain their Neutral 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 want to stay updated on the latest options trades for {d[company_name]}, Benzinga Progives you real-time options trades alerts.
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.
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