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 |
|---|---|---|---|---|---|---|---|---|
| CTIC | CALL | TRADE | BULLISH | 06/16/23 | $5.00 | $123.0K | 788 | 3.0K |
| CUTR | PUT | SWEEP | BULLISH | 04/21/23 | $25.00 | $30.2K | 2.0K | 1.3K |
| JNJ | CALL | SWEEP | BEARISH | 04/21/23 | $167.50 | $56.4K | 2.1K | 1.0K |
| NVO | CALL | SWEEP | BULLISH | 06/16/23 | $160.00 | $107.8K | 416 | 441 |
| TGTX | CALL | TRADE | BULLISH | 08/18/23 | $16.00 | $65.0K | 215 | 400 |
| APLS | CALL | TRADE | BEARISH | 04/21/23 | $65.00 | $58.5K | 5.4K | 364 |
| ARGX | PUT | SWEEP | BULLISH | 07/21/23 | $340.00 | $30.7K | 328 | 294 |
| HCA | CALL | SWEEP | BEARISH | 01/19/24 | $280.00 | $63.8K | 221 | 272 |
| ILMN | CALL | SWEEP | BEARISH | 04/21/23 | $230.00 | $84.6K | 576 | 261 |
| ASND | CALL | TRADE | BEARISH | 05/19/23 | $90.00 | $28.0K | 940 | 234 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding CTIC (NASDAQ:CTIC), we observe a call option trade with bullish sentiment. It expires in 65 day(s) on June 16, 2023. Parties traded 3000 contract(s) at a $5.00 strike. The total cost received by the writing party (or parties) was $123.0K, with a price of $41.0 per contract. There were 788 open contracts at this strike prior to today, and today 3019 contract(s) were bought and sold.
• For CUTR (NASDAQ:CUTR), we notice a put option sweep that happens to be bullish, expiring in 9 day(s) on April 21, 2023. This event was a transfer of 55 contract(s) at a $25.00 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 $30.2K, with a price of $550.0 per contract. There were 2017 open contracts at this strike prior to today, and today 1359 contract(s) were bought and sold.
• For JNJ (NYSE:JNJ), we notice a call option sweep that happens to be bearish, expiring in 9 day(s) on April 21, 2023. This event was a transfer of 850 contract(s) at a $167.50 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $56.4K, with a price of $66.0 per contract. There were 2192 open contracts at this strike prior to today, and today 1031 contract(s) were bought and sold.
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• Regarding NVO (NYSE:NVO), we observe a call option sweep with bullish sentiment. It expires in 65 day(s) on June 16, 2023. Parties traded 100 contract(s) at a $160.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $107.8K, with a price of $1071.0 per contract. There were 416 open contracts at this strike prior to today, and today 441 contract(s) were bought and sold.
• For TGTX (NASDAQ:TGTX), we notice a call option trade that happens to be bullish, expiring in 128 day(s) on August 18, 2023. This event was a transfer of 100 contract(s) at a $16.00 strike. The total cost received by the writing party (or parties) was $65.0K, with a price of $650.0 per contract. There were 215 open contracts at this strike prior to today, and today 400 contract(s) were bought and sold.
• Regarding APLS (NASDAQ:APLS), we observe a call option trade with bearish sentiment. It expires in 9 day(s) on April 21, 2023. Parties traded 38 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $58.5K, with a price of $1540.0 per contract. There were 5483 open contracts at this strike prior to today, and today 364 contract(s) were bought and sold.
• Regarding ARGX (NASDAQ:ARGX), we observe a put option sweep with bullish sentiment. It expires in 100 day(s) on July 21, 2023. Parties traded 10 contract(s) at a $340.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $30.7K, with a price of $3070.0 per contract. There were 328 open contracts at this strike prior to today, and today 294 contract(s) were bought and sold.
• For HCA (NYSE:HCA), we notice a call option sweep that happens to be bearish, expiring in 282 day(s) on January 19, 2024. This event was a transfer of 20 contract(s) at a $280.00 strike. This particular call needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $63.8K, with a price of $3190.0 per contract. There were 221 open contracts at this strike prior to today, and today 272 contract(s) were bought and sold.
• For ILMN (NASDAQ:ILMN), we notice a call option sweep that happens to be bearish, expiring in 9 day(s) on April 21, 2023. This event was a transfer of 166 contract(s) at a $230.00 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 $84.6K, with a price of $510.0 per contract. There were 576 open contracts at this strike prior to today, and today 261 contract(s) were bought and sold.
• For ASND (NASDAQ:ASND), we notice a call option trade that happens to be bearish, expiring in 37 day(s) on May 19, 2023. This event was a transfer of 50 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $28.0K, with a price of $560.0 per contract. There were 940 open contracts at this strike prior to today, and today 234 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.