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.
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.
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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 Health Care sector:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ISEE | CALL | SWEEP | BEARISH | 10/21/22 | $20.00 | $35.0K | 8.2K | 3.5K |
| MCK | CALL | SWEEP | BEARISH | 10/21/22 | $380.00 | $28.6K | 3.5K | 721 |
| ABBV | PUT | SWEEP | NEUTRAL | 10/07/22 | $139.00 | $32.3K | 248 | 314 |
| BIIB | CALL | TRADE | BULLISH | 01/20/23 | $300.00 | $51.2K | 4.8K | 276 |
| GKOS | CALL | SWEEP | BULLISH | 10/21/22 | $55.00 | $45.3K | 239 | 217 |
| APLS | CALL | TRADE | BEARISH | 10/21/22 | $65.00 | $29.5K | 1.4K | 60 |
| AXSM | CALL | TRADE | BULLISH | 01/19/24 | $12.50 | $83.7K | 160 | 25 |
| TMO | CALL | TRADE | BULLISH | 01/20/23 | $550.00 | $35.4K | 711 | 15 |
| UNH | PUT | TRADE | BULLISH | 12/16/22 | $520.00 | $27.4K | 552 | 14 |
| REGN | CALL | TRADE | BULLISH | 01/20/23 | $680.00 | $48.5K | 46 | 10 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For ISEE (NASDAQ:ISEE), we notice a call option sweep that happens to be bearish, expiring in 22 day(s) on October 21, 2022. This event was a transfer of 500 contract(s) at a $20.00 strike. This particular call needed to be split into 32 different trades to become filled. The total cost received by the writing party (or parties) was $35.0K, with a price of $70.0 per contract. There were 8292 open contracts at this strike prior to today, and today 3516 contract(s) were bought and sold.
• Regarding MCK (NYSE:MCK), we observe a call option sweep with bearish sentiment. It expires in 22 day(s) on October 21, 2022. Parties traded 716 contract(s) at a $380.00 strike. This particular call needed to be split into 46 different trades to become filled. The total cost received by the writing party (or parties) was $28.6K, with a price of $40.0 per contract. There were 3580 open contracts at this strike prior to today, and today 721 contract(s) were bought and sold.
• For ABBV (NYSE:ABBV), we notice a put option sweep that happens to be neutral, expiring in 8 day(s) on October 7, 2022. This event was a transfer of 235 contract(s) at a $139.00 strike. This particular put needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $32.3K, with a price of $138.0 per contract. There were 248 open contracts at this strike prior to today, and today 314 contract(s) were bought and sold.
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• For BIIB (NASDAQ:BIIB), we notice a call option trade that happens to be bullish, expiring in 113 day(s) on January 20, 2023. This event was a transfer of 28 contract(s) at a $300.00 strike. The total cost received by the writing party (or parties) was $51.2K, with a price of $1830.0 per contract. There were 4838 open contracts at this strike prior to today, and today 276 contract(s) were bought and sold.
• Regarding GKOS (NYSE:GKOS), we observe a call option sweep with bullish sentiment. It expires in 22 day(s) on October 21, 2022. Parties traded 216 contract(s) at a $55.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $45.3K, with a price of $210.0 per contract. There were 239 open contracts at this strike prior to today, and today 217 contract(s) were bought and sold.
• For APLS (NASDAQ:APLS), we notice a call option trade that happens to be bearish, expiring in 22 day(s) on October 21, 2022. This event was a transfer of 50 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $29.5K, with a price of $590.0 per contract. There were 1487 open contracts at this strike prior to today, and today 60 contract(s) were bought and sold.
• Regarding AXSM (NASDAQ:AXSM), we observe a call option trade with bullish sentiment. It expires in 477 day(s) on January 19, 2024. Parties traded 25 contract(s) at a $12.50 strike. The total cost received by the writing party (or parties) was $83.7K, with a price of $3350.0 per contract. There were 160 open contracts at this strike prior to today, and today 25 contract(s) were bought and sold.
• Regarding TMO (NYSE:TMO), we observe a call option trade with bullish sentiment. It expires in 113 day(s) on January 20, 2023. Parties traded 15 contract(s) at a $550.00 strike. The total cost received by the writing party (or parties) was $35.4K, with a price of $2365.0 per contract. There were 711 open contracts at this strike prior to today, and today 15 contract(s) were bought and sold.
• Regarding UNH (NYSE:UNH), we observe a put option trade with bullish sentiment. It expires in 78 day(s) on December 16, 2022. Parties traded 8 contract(s) at a $520.00 strike. The total cost received by the writing party (or parties) was $27.4K, with a price of $3430.0 per contract. There were 552 open contracts at this strike prior to today, and today 14 contract(s) were bought and sold.
• For REGN (NASDAQ:REGN), we notice a call option trade that happens to be bullish, expiring in 113 day(s) on January 20, 2023. This event was a transfer of 7 contract(s) at a $680.00 strike. The total cost received by the writing party (or parties) was $48.5K, with a price of $6940.0 per contract. There were 46 open contracts at this strike prior to today, and today 10 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.
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.