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 Atlassian Corp.
Looking at options history for Atlassian Corp (NASDAQ:TEAM) we detected 11 strange trades.
If we consider the specifics of each trade, it is accurate to state that 72% of the investors opened trades with bullish expectations and 27% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $491,766 and 3, calls, for a total amount of $163,450.
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 $210.0 to $360.0 for Atlassian Corp over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Atlassian Corp options trades today is 123.71 with a total volume of 422.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Atlassian Corp's big money trades within a strike price range of $210.0 to $360.0 over the last 30 days.
Atlassian Corp 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 |
|---|---|---|---|---|---|---|---|---|
| TEAM | PUT | TRADE | BULLISH | 01/19/24 | $310.00 | $110.5K | 203 | 29 |
| TEAM | CALL | TRADE | BULLISH | 10/07/22 | $230.00 | $92.5K | 24 | 251 |
| TEAM | PUT | TRADE | BULLISH | 01/19/24 | $350.00 | $86.5K | 19 | 0 |
| TEAM | PUT | SWEEP | BULLISH | 11/18/22 | $210.00 | $83.2K | 70 | 42 |
| TEAM | PUT | TRADE | BEARISH | 01/19/24 | $310.00 | $55.3K | 203 | 34 |
Where Is Atlassian Corp Standing Right Now?
- With a volume of 497,630, the price of TEAM is up 1.82% at $218.49.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 29 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 Atlassian Corp, 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.
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