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 bearish stance on Yum China Holdings.
Looking at options history for Yum China Holdings (NYSE:YUMC) we detected 16 strange trades.
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If we consider the specifics of each trade, it is accurate to state that 37% of the investors opened trades with bullish expectations and 62% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $62,350 and 14, calls, for a total amount of $1,214,708.
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 $42.5 to $50.0 for Yum China Holdings over the last 3 months.
Volume & Open Interest Development
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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 Yum China Holdings'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 Yum China Holdings's whale trades within a strike price range from $42.5 to $50.0 in the last 30 days.
Yum China Holdings 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 |
|---|---|---|---|---|---|---|---|---|
| YUMC | CALL | TRADE | BEARISH | 10/21/22 | $45.00 | $327.9K | 393 | 2.2K |
| YUMC | CALL | SWEEP | BEARISH | 10/21/22 | $45.00 | $221.2K | 393 | 514 |
| YUMC | CALL | SWEEP | BEARISH | 10/21/22 | $45.00 | $178.0K | 393 | 1.1K |
| YUMC | CALL | SWEEP | BULLISH | 10/21/22 | $45.00 | $92.4K | 393 | 729 |
| YUMC | CALL | SWEEP | BEARISH | 10/21/22 | $45.00 | $72.9K | 393 | 1.4K |
Where Is Yum China Holdings Standing Right Now?
- With a volume of 29,010,270, the price of YUMC is up 2.79% at $43.88.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 33 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 want to stay updated on the latest options trades for Yum China Holdings, Benzinga Pro gives 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.