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 often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels.
Here's the list of options activity happening in today's session:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TSLA | CALL | TRADE | BULLISH | 11/18/22 | $190.00 | $72.2K | 15.8K | 52.4K |
| TGT | CALL | SWEEP | BEARISH | 11/18/22 | $160.00 | $36.4K | 6.4K | 18.3K |
| F | PUT | SWEEP | BEARISH | 12/16/22 | $12.00 | $140.0K | 31.8K | 10.1K |
| AMZN | CALL | SWEEP | BEARISH | 11/18/22 | $97.50 | $37.8K | 3.8K | 8.2K |
| LCID | CALL | SWEEP | BEARISH | 11/25/22 | $12.00 | $40.8K | 776 | 8.2K |
| TCOM | CALL | TRADE | BEARISH | 01/20/23 | $32.00 | $25.0K | 1.0K | 5.5K |
| GM | CALL | SWEEP | BULLISH | 11/18/22 | $39.50 | $104.0K | 1.8K | 2.7K |
| BABA | CALL | SWEEP | BEARISH | 01/20/23 | $100.00 | $40.6K | 30.6K | 1.8K |
| HD | PUT | TRADE | BULLISH | 01/20/23 | $275.00 | $663.0K | 5.8K | 1.7K |
| BBWI | PUT | TRADE | BULLISH | 11/25/22 | $40.00 | $946.0K | 0 | 1.1K |
Explanation
These itemized elaborations have been created using the accompanying table.
• For TSLA (NASDAQ:TSLA), we notice a call option trade that happens to be bullish, expiring in 2 day(s) on November 18, 2022. This event was a transfer of 200 contract(s) at a $190.00 strike. The total cost received by the writing party (or parties) was $72.2K, with a price of $361.0 per contract. There were 15824 open contracts at this strike prior to today, and today 52444 contract(s) were bought and sold.
• For TGT (NYSE:TGT), we notice a call option sweep that happens to be bearish, expiring in 2 day(s) on November 18, 2022. This event was a transfer of 162 contract(s) at a $160.00 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 $36.4K, with a price of $225.0 per contract. There were 6461 open contracts at this strike prior to today, and today 18346 contract(s) were bought and sold.
• Regarding F (NYSE:F), we observe a put option sweep with bearish sentiment. It expires in 30 day(s) on December 16, 2022. Parties traded 10000 contract(s) at a $12.00 strike. This particular put needed to be split into 60 different trades to become filled. The total cost received by the writing party (or parties) was $140.0K, with a price of $14.0 per contract. There were 31879 open contracts at this strike prior to today, and today 10182 contract(s) were bought and sold.
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• Regarding AMZN (NASDAQ:AMZN), we observe a call option sweep with bearish sentiment. It expires in 2 day(s) on November 18, 2022. Parties traded 200 contract(s) at a $97.50 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 $37.8K, with a price of $189.0 per contract. There were 3890 open contracts at this strike prior to today, and today 8278 contract(s) were bought and sold.
• Regarding LCID (NASDAQ:LCID), we observe a call option sweep with bearish sentiment. It expires in 9 day(s) on November 25, 2022. Parties traded 1135 contract(s) at a $12.00 strike. This particular call needed to be split into 35 different trades to become filled. The total cost received by the writing party (or parties) was $40.8K, with a price of $36.0 per contract. There were 776 open contracts at this strike prior to today, and today 8250 contract(s) were bought and sold.
• Regarding TCOM (NASDAQ:TCOM), we observe a call option trade with bearish sentiment. It expires in 65 day(s) on January 20, 2023. Parties traded 100 contract(s) at a $32.00 strike. The total cost received by the writing party (or parties) was $25.0K, with a price of $250.0 per contract. There were 1076 open contracts at this strike prior to today, and today 5526 contract(s) were bought and sold.
• Regarding GM (NYSE:GM), we observe a call option sweep with bullish sentiment. It expires in 2 day(s) on November 18, 2022. Parties traded 2000 contract(s) at a $39.50 strike. This particular call needed to be split into 49 different trades to become filled. The total cost received by the writing party (or parties) was $104.0K, with a price of $52.0 per contract. There were 1826 open contracts at this strike prior to today, and today 2767 contract(s) were bought and sold.
• Regarding BABA (NYSE:BABA), we observe a call option sweep with bearish sentiment. It expires in 65 day(s) on January 20, 2023. Parties traded 175 contract(s) at a $100.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $40.6K, with a price of $232.0 per contract. There were 30604 open contracts at this strike prior to today, and today 1891 contract(s) were bought and sold.
• For HD (NYSE:HD), we notice a put option trade that happens to be bullish, expiring in 65 day(s) on January 20, 2023. This event was a transfer of 1700 contract(s) at a $275.00 strike. The total cost received by the writing party (or parties) was $663.0K, with a price of $390.0 per contract. There were 5879 open contracts at this strike prior to today, and today 1702 contract(s) were bought and sold.
• Regarding BBWI (NYSE:BBWI), we observe a put option trade with bullish sentiment. It expires in 9 day(s) on November 25, 2022. Parties traded 1100 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $946.0K, with a price of $860.0 per contract. There were 0 open contracts at this strike prior to today, and today 1100 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 news on 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.