20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. 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.
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 | PUT | SWEEP | BEARISH | 04/28/23 | $165.00 | $28.3K | 20.9K | 54.1K |
| NVDA | PUT | SWEEP | BULLISH | 04/28/23 | $260.00 | $71.5K | 19.4K | 28.7K |
| AMD | CALL | SWEEP | BEARISH | 06/16/23 | $95.00 | $29.3K | 21.4K | 3.1K |
| QCOM | PUT | SWEEP | BEARISH | 09/15/23 | $105.00 | $31.5K | 1.0K | 1.1K |
| PANW | CALL | SWEEP | BULLISH | 05/19/23 | $200.00 | $39.4K | 710 | 919 |
| OKTA | PUT | SWEEP | BULLISH | 04/28/23 | $70.00 | $26.4K | 558 | 474 |
| APH | PUT | SWEEP | BULLISH | 05/19/23 | $75.00 | $36.1K | 185 | 383 |
| SEDG | PUT | SWEEP | BULLISH | 09/15/23 | $260.00 | $156.8K | 214 | 230 |
| ENPH | PUT | TRADE | BULLISH | 05/19/23 | $185.00 | $273.7K | 737 | 160 |
| STM | PUT | TRADE | BEARISH | 01/19/24 | $40.00 | $48.9K | 4.4K | 153 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For AAPL (NASDAQ:AAPL), we notice a put option sweep that happens to be bearish, expiring in 3 day(s) on April 28, 2023. This event was a transfer of 150 contract(s) at a $165.00 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 $28.3K, with a price of $189.0 per contract. There were 20963 open contracts at this strike prior to today, and today 54137 contract(s) were bought and sold.
• Regarding NVDA (NASDAQ:NVDA), we observe a put option sweep with bullish sentiment. It expires in 3 day(s) on April 28, 2023. Parties traded 251 contract(s) at a $260.00 strike. This particular put needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $71.5K, with a price of $284.0 per contract. There were 19486 open contracts at this strike prior to today, and today 28787 contract(s) were bought and sold.
• Regarding AMD (NASDAQ:AMD), we observe a call option sweep with bearish sentiment. It expires in 52 day(s) on June 16, 2023. Parties traded 125 contract(s) at a $95.00 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 $29.3K, with a price of $235.0 per contract. There were 21491 open contracts at this strike prior to today, and today 3197 contract(s) were bought and sold.
• Regarding QCOM (NASDAQ:QCOM), we observe a put option sweep with bearish sentiment. It expires in 143 day(s) on September 15, 2023. Parties traded 50 contract(s) at a $105.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $31.5K, with a price of $630.0 per contract. There were 1011 open contracts at this strike prior to today, and today 1111 contract(s) were bought and sold.
• Regarding PANW (NASDAQ:PANW), we observe a call option sweep with bullish sentiment. It expires in 24 day(s) on May 19, 2023. Parties traded 228 contract(s) at a $200.00 strike. This particular call needed to be split into 29 different trades to become filled. The total cost received by the writing party (or parties) was $39.4K, with a price of $174.0 per contract. There were 710 open contracts at this strike prior to today, and today 919 contract(s) were bought and sold.
• For OKTA (NASDAQ:OKTA), we notice a put option sweep that happens to be bullish, expiring in 3 day(s) on April 28, 2023. This event was a transfer of 236 contract(s) at a $70.00 strike. This particular put needed to be split into 39 different trades to become filled. The total cost received by the writing party (or parties) was $26.4K, with a price of $112.0 per contract. There were 558 open contracts at this strike prior to today, and today 474 contract(s) were bought and sold.
• For APH (NYSE:APH), we notice a put option sweep that happens to be bullish, expiring in 24 day(s) on May 19, 2023. This event was a transfer of 168 contract(s) at a $75.00 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 $36.1K, with a price of $215.0 per contract. There were 185 open contracts at this strike prior to today, and today 383 contract(s) were bought and sold.
• For SEDG (NASDAQ:SEDG), we notice a put option sweep that happens to be bullish, expiring in 143 day(s) on September 15, 2023. This event was a transfer of 78 contract(s) at a $260.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $156.8K, with a price of $2010.0 per contract. There were 214 open contracts at this strike prior to today, and today 230 contract(s) were bought and sold.
• Regarding ENPH (NASDAQ:ENPH), we observe a put option trade with bullish sentiment. It expires in 24 day(s) on May 19, 2023. Parties traded 750 contract(s) at a $185.00 strike. The total cost received by the writing party (or parties) was $273.7K, with a price of $365.0 per contract. There were 737 open contracts at this strike prior to today, and today 160 contract(s) were bought and sold.
• For STM (NYSE:STM), we notice a put option trade that happens to be bearish, expiring in 269 day(s) on January 19, 2024. This event was a transfer of 153 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $48.9K, with a price of $320.0 per contract. There were 4414 open contracts at this strike prior to today, and today 153 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.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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