27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
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 Information Technology sector:
| 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 | $85.8K | 35.3K | 108.7K |
| NVDA | CALL | TRADE | BULLISH | 03/24/23 | $260.00 | $25.2K | 19.3K | 23.2K |
| MU | PUT | TRADE | NEUTRAL | 05/19/23 | $70.00 | $307.2K | 18 | 3.0K |
| CRM | CALL | TRADE | NEUTRAL | 04/21/23 | $190.00 | $1.3 million | 9.6K | 2.7K |
| MSFT | CALL | SWEEP | BEARISH | 03/31/23 | $270.00 | $26.4K | 5.0K | 2.2K |
| AMD | PUT | TRADE | BEARISH | 09/15/23 | $90.00 | $43.9K | 3.0K | 511 |
| GDS | PUT | SWEEP | BULLISH | 04/21/23 | $22.50 | $66.9K | 22 | 446 |
| NET | PUT | SWEEP | NEUTRAL | 03/24/23 | $57.00 | $39.7K | 251 | 442 |
| INTU | PUT | SWEEP | BEARISH | 05/19/23 | $390.00 | $507.8K | 9 | 433 |
| TSM | CALL | TRADE | BULLISH | 04/14/23 | $83.00 | $30.9K | 81 | 310 |
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 3 day(s) on March 24, 2023. Parties traded 613 contract(s) at a $160.00 strike. This particular call needed to be split into 65 different trades to become filled. The total cost received by the writing party (or parties) was $85.8K, with a price of $140.0 per contract. There were 35310 open contracts at this strike prior to today, and today 108739 contract(s) were bought and sold.
• Regarding NVDA (NASDAQ:NVDA), we observe a call option trade with bullish sentiment. It expires in 3 day(s) on March 24, 2023. Parties traded 41 contract(s) at a $260.00 strike. The total cost received by the writing party (or parties) was $25.2K, with a price of $615.0 per contract. There were 19325 open contracts at this strike prior to today, and today 23226 contract(s) were bought and sold.
• Regarding MU (NASDAQ:MU), we observe a put option trade with neutral sentiment. It expires in 59 day(s) on May 19, 2023. Parties traded 256 contract(s) at a $70.00 strike. The total cost received by the writing party (or parties) was $307.2K, with a price of $1200.0 per contract. There were 18 open contracts at this strike prior to today, and today 3006 contract(s) were bought and sold.
• For CRM (NYSE:CRM), we notice a call option trade that happens to be neutral, expiring in 31 day(s) on April 21, 2023. This event was a transfer of 2500 contract(s) at a $190.00 strike. The total cost received by the writing party (or parties) was $1.3 million, with a price of $540.0 per contract. There were 9685 open contracts at this strike prior to today, and today 2753 contract(s) were bought and sold.
• For MSFT (NASDAQ:MSFT), we notice a call option sweep that happens to be bearish, expiring in 10 day(s) on March 31, 2023. This event was a transfer of 40 contract(s) at a $270.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $26.4K, with a price of $660.0 per contract. There were 5023 open contracts at this strike prior to today, and today 2229 contract(s) were bought and sold.
• Regarding AMD (NASDAQ:AMD), we observe a put option trade with bearish sentiment. It expires in 178 day(s) on September 15, 2023. Parties traded 47 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $43.9K, with a price of $935.0 per contract. There were 3011 open contracts at this strike prior to today, and today 511 contract(s) were bought and sold.
• For GDS (NASDAQ:GDS), we notice a put option sweep that happens to be bullish, expiring in 31 day(s) on April 21, 2023. This event was a transfer of 124 contract(s) at a $22.50 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $66.9K, with a price of $540.0 per contract. There were 22 open contracts at this strike prior to today, and today 446 contract(s) were bought and sold.
• For NET (NYSE:NET), we notice a put option sweep that happens to be neutral, expiring in 3 day(s) on March 24, 2023. This event was a transfer of 294 contract(s) at a $57.00 strike. This particular put needed to be split into 26 different trades to become filled. The total cost received by the writing party (or parties) was $39.7K, with a price of $135.0 per contract. There were 251 open contracts at this strike prior to today, and today 442 contract(s) were bought and sold.
• Regarding INTU (NASDAQ:INTU), we observe a put option sweep with bearish sentiment. It expires in 59 day(s) on May 19, 2023. Parties traded 379 contract(s) at a $390.00 strike. This particular put needed to be split into 45 different trades to become filled. The total cost received by the writing party (or parties) was $507.8K, with a price of $1340.0 per contract. There were 9 open contracts at this strike prior to today, and today 433 contract(s) were bought and sold.
• Regarding TSM (NYSE:TSM), we observe a call option trade with bullish sentiment. It expires in 24 day(s) on April 14, 2023. Parties traded 30 contract(s) at a $83.00 strike. The total cost received by the writing party (or parties) was $30.9K, with a price of $1030.0 per contract. There were 81 open contracts at this strike prior to today, and today 310 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% profits every 20 days?
This is what Nic Chahine averages with his options 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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