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.
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 |
|---|---|---|---|---|---|---|---|---|
| AAPL | CALL | SWEEP | BULLISH | 03/24/23 | $160.00 | $26.0K | 29.4K | 53.7K |
| NVDA | CALL | SWEEP | BEARISH | 03/24/23 | $260.00 | $52.6K | 14.3K | 20.7K |
| AMD | CALL | SWEEP | BEARISH | 03/24/23 | $94.00 | $86.2K | 2.9K | 15.5K |
| GLW | CALL | SWEEP | BEARISH | 05/19/23 | $37.00 | $67.5K | 10.5K | 2.0K |
| GTLB | CALL | SWEEP | BULLISH | 04/21/23 | $45.00 | $50.0K | 1.3K | 668 |
| SAP | CALL | TRADE | BULLISH | 06/16/23 | $125.00 | $115.3K | 844 | 421 |
| PANW | PUT | SWEEP | BULLISH | 06/16/23 | $140.00 | $27.9K | 1.9K | 247 |
| MARA | PUT | SWEEP | BULLISH | 04/21/23 | $10.00 | $28.0K | 34.4K | 216 |
| MSTR | CALL | TRADE | BEARISH | 06/16/23 | $280.00 | $34.6K | 124 | 211 |
| ENPH | CALL | TRADE | BEARISH | 04/21/23 | $195.00 | $83.3K | 155 | 195 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding AAPL (NASDAQ:AAPL), we observe a call option sweep with bullish sentiment. It expires in 4 day(s) on March 24, 2023. Parties traded 199 contract(s) at a $160.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $26.0K, with a price of $131.0 per contract. There were 29423 open contracts at this strike prior to today, and today 53725 contract(s) were bought and sold.
• Regarding NVDA (NASDAQ:NVDA), we observe a call option sweep with bearish sentiment. It expires in 4 day(s) on March 24, 2023. Parties traded 83 contract(s) at a $260.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $52.6K, with a price of $633.0 per contract. There were 14335 open contracts at this strike prior to today, and today 20780 contract(s) were bought and sold.
• Regarding AMD (NASDAQ:AMD), we observe a call option sweep with bearish sentiment. It expires in 4 day(s) on March 24, 2023. Parties traded 250 contract(s) at a $94.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $86.2K, with a price of $345.0 per contract. There were 2961 open contracts at this strike prior to today, and today 15503 contract(s) were bought and sold.
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• For GLW (NYSE:GLW), we notice a call option sweep that happens to be bearish, expiring in 60 day(s) on May 19, 2023. This event was a transfer of 1500 contract(s) at a $37.00 strike. This particular call needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $67.5K, with a price of $45.0 per contract. There were 10564 open contracts at this strike prior to today, and today 2091 contract(s) were bought and sold.
• For GTLB (NASDAQ:GTLB), we notice a call option sweep that happens to be bullish, expiring in 32 day(s) on April 21, 2023. This event was a transfer of 590 contract(s) at a $45.00 strike. This particular call needed to be split into 38 different trades to become filled. The total cost received by the writing party (or parties) was $50.0K, with a price of $80.0 per contract. There were 1314 open contracts at this strike prior to today, and today 668 contract(s) were bought and sold.
• For SAP (NYSE:SAP), we notice a call option trade that happens to be bullish, expiring in 88 day(s) on June 16, 2023. This event was a transfer of 206 contract(s) at a $125.00 strike. The total cost received by the writing party (or parties) was $115.3K, with a price of $560.0 per contract. There were 844 open contracts at this strike prior to today, and today 421 contract(s) were bought and sold.
• Regarding PANW (NASDAQ:PANW), we observe a put option sweep with bullish sentiment. It expires in 88 day(s) on June 16, 2023. Parties traded 247 contract(s) at a $140.00 strike. This particular put needed to be split into 29 different trades to become filled. The total cost received by the writing party (or parties) was $27.9K, with a price of $113.0 per contract. There were 1909 open contracts at this strike prior to today, and today 247 contract(s) were bought and sold.
• For MARA (NASDAQ:MARA), we notice a put option sweep that happens to be bullish, expiring in 32 day(s) on April 21, 2023. This event was a transfer of 100 contract(s) at a $10.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $28.0K, with a price of $280.0 per contract. There were 34444 open contracts at this strike prior to today, and today 216 contract(s) were bought and sold.
• For MSTR (NASDAQ:MSTR), we notice a call option trade that happens to be bearish, expiring in 88 day(s) on June 16, 2023. This event was a transfer of 9 contract(s) at a $280.00 strike. The total cost received by the writing party (or parties) was $34.6K, with a price of $3850.0 per contract. There were 124 open contracts at this strike prior to today, and today 211 contract(s) were bought and sold.
• Regarding ENPH (NASDAQ:ENPH), we observe a call option trade with bearish sentiment. It expires in 32 day(s) on April 21, 2023. Parties traded 62 contract(s) at a $195.00 strike. The total cost received by the writing party (or parties) was $83.3K, with a price of $1345.0 per contract. There were 155 open contracts at this strike prior to today, and today 195 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.