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 Cheniere Energy.
Looking at options history for Cheniere Energy (AMEX:LNG) we detected 25 strange trades.
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If we consider the specifics of each trade, it is accurate to state that 28% of the investors opened trades with bullish expectations and 72% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $365,420 and 18, calls, for a total amount of $911,984.
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 $130.0 to $175.0 for Cheniere Energy 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 Cheniere Energy'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 Cheniere Energy's whale trades within a strike price range from $130.0 to $175.0 in the last 30 days.
Cheniere Energy Option Volume And Open Interest Over Last 30 Days
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Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| LNG | PUT | TRADE | NEUTRAL | 01/20/23 | $150.00 | $120.5K | 280 | 0 |
| LNG | CALL | TRADE | NEUTRAL | 03/17/23 | $140.00 | $108.2K | 268 | 63 |
| LNG | CALL | TRADE | BULLISH | 03/17/23 | $140.00 | $103.6K | 268 | 28 |
| LNG | PUT | TRADE | NEUTRAL | 10/21/22 | $175.00 | $95.6K | 283 | 69 |
| LNG | CALL | TRADE | BEARISH | 01/20/23 | $155.00 | $91.5K | 546 | 18 |
Where Is Cheniere Energy Standing Right Now?
- With a volume of 1,934,428, the price of LNG is up 5.07% at $160.3.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 36 days.
What The Experts Say On Cheniere Energy:
- Stifel has decided to maintain their Buy rating on Cheniere Energy, which currently sits at a price target of $201.
- Mizuho has decided to maintain their Buy rating on Cheniere Energy, which currently sits at a price target of $174.
- RBC Capital has decided to maintain their Outperform rating on Cheniere Energy, which currently sits at a price target of $199.
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 Cheniere Energy, 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.