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.
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 | PUT | SWEEP | BULLISH | 03/24/23 | $190.00 | $112.7K | 7.3K | 77.6K |
| NCLH | PUT | SWEEP | BULLISH | 09/15/23 | $8.00 | $55.2K | 2.7K | 7.1K |
| HD | CALL | TRADE | BEARISH | 05/19/23 | $320.00 | $220.8K | 1.2K | 1.2K |
| NKE | CALL | TRADE | BULLISH | 03/31/23 | $120.00 | $43.1K | 449 | 438 |
| PTON | CALL | TRADE | BEARISH | 01/19/24 | $10.00 | $61.6K | 7.2K | 255 |
| F | CALL | SWEEP | BEARISH | 06/16/23 | $10.00 | $42.0K | 452 | 249 |
| RH | CALL | SWEEP | BEARISH | 05/19/23 | $250.00 | $50.8K | 53 | 40 |
| W | PUT | TRADE | BULLISH | 01/19/24 | $35.00 | $31.3K | 1.3K | 31 |
| DKS | PUT | TRADE | BULLISH | 01/19/24 | $170.00 | $33.7K | 13 | 30 |
| BKNG | PUT | TRADE | BEARISH | 03/24/23 | $2650.00 | $25.5K | 0 | 12 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding TSLA (NASDAQ:TSLA), we observe a put option sweep with bullish sentiment. It expires in 3 day(s) on March 24, 2023. Parties traded 458 contract(s) at a $190.00 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 $112.7K, with a price of $246.0 per contract. There were 7337 open contracts at this strike prior to today, and today 77635 contract(s) were bought and sold.
• Regarding NCLH (NYSE:NCLH), we observe a put option sweep with bullish sentiment. It expires in 178 day(s) on September 15, 2023. Parties traded 1282 contract(s) at a $8.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $55.2K, with a price of $43.0 per contract. There were 2759 open contracts at this strike prior to today, and today 7156 contract(s) were bought and sold.
• For HD (NYSE:HD), we notice a call option trade that happens to be bearish, expiring in 59 day(s) on May 19, 2023. This event was a transfer of 818 contract(s) at a $320.00 strike. The total cost received by the writing party (or parties) was $220.8K, with a price of $270.0 per contract. There were 1259 open contracts at this strike prior to today, and today 1218 contract(s) were bought and sold.
• For NKE (NYSE:NKE), we notice a call option trade that happens to be bullish, expiring in 10 day(s) on March 31, 2023. This event was a transfer of 56 contract(s) at a $120.00 strike. The total cost received by the writing party (or parties) was $43.1K, with a price of $770.0 per contract. There were 449 open contracts at this strike prior to today, and today 438 contract(s) were bought and sold.
• For PTON (NASDAQ:PTON), we notice a call option trade that happens to be bearish, expiring in 304 day(s) on January 19, 2024. This event was a transfer of 199 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $61.6K, with a price of $310.0 per contract. There were 7284 open contracts at this strike prior to today, and today 255 contract(s) were bought and sold.
• For F (NYSE:F), we notice a call option sweep that happens to be bearish, expiring in 87 day(s) on June 16, 2023. This event was a transfer of 200 contract(s) at a $10.00 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 $42.0K, with a price of $210.0 per contract. There were 452 open contracts at this strike prior to today, and today 249 contract(s) were bought and sold.
• Regarding RH (NYSE:RH), we observe a call option sweep with bearish sentiment. It expires in 59 day(s) on May 19, 2023. Parties traded 20 contract(s) at a $250.00 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 $50.8K, with a price of $2540.0 per contract. There were 53 open contracts at this strike prior to today, and today 40 contract(s) were bought and sold.
• For W (NYSE:W), we notice a put option trade that happens to be bullish, expiring in 304 day(s) on January 19, 2024. This event was a transfer of 30 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $31.3K, with a price of $1045.0 per contract. There were 1399 open contracts at this strike prior to today, and today 31 contract(s) were bought and sold.
• For DKS (NYSE:DKS), we notice a put option trade that happens to be bullish, expiring in 304 day(s) on January 19, 2024. This event was a transfer of 10 contract(s) at a $170.00 strike. The total cost received by the writing party (or parties) was $33.7K, with a price of $3370.0 per contract. There were 13 open contracts at this strike prior to today, and today 30 contract(s) were bought and sold.
• For BKNG (NASDAQ:BKNG), we notice a put option trade that happens to be bearish, expiring in 3 day(s) on March 24, 2023. This event was a transfer of 3 contract(s) at a $2650.00 strike. The total cost received by the writing party (or parties) was $25.5K, with a price of $8500.0 per contract. There were 0 open contracts at this strike prior to today, and today 12 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.
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