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 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 |
|---|---|---|---|---|---|---|---|---|
| CLDX | PUT | TRADE | BEARISH | 06/16/23 | $30.00 | $600.0K | 1.0K | 3.3K |
| OCUL | CALL | TRADE | BULLISH | 12/15/23 | $5.00 | $26.3K | 537 | 1.4K |
| AZN | CALL | SWEEP | BULLISH | 05/19/23 | $75.00 | $27.2K | 3.8K | 1.0K |
| MRVI | CALL | TRADE | BEARISH | 06/16/23 | $12.50 | $31.9K | 1.2K | 875 |
| MDT | PUT | TRADE | BEARISH | 06/23/23 | $88.00 | $29.5K | 250 | 624 |
| CNMD | PUT | SWEEP | NEUTRAL | 08/18/23 | $65.00 | $31.3K | 983 | 412 |
| REGN | CALL | TRADE | BULLISH | 01/19/24 | $920.00 | $52.8K | 107 | 235 |
| GILD | CALL | SWEEP | BULLISH | 01/19/24 | $80.00 | $85.1K | 1.5K | 145 |
| SRPT | PUT | SWEEP | BEARISH | 09/15/23 | $180.00 | $136.5K | 129 | 120 |
| RAIN | PUT | SWEEP | BEARISH | 09/15/23 | $7.50 | $28.5K | 1.0K | 100 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding CLDX (NASDAQ:CLDX), we observe a put option trade with bearish sentiment. It expires in 38 day(s) on June 16, 2023. Parties traded 3000 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $600.0K, with a price of $200.0 per contract. There were 1020 open contracts at this strike prior to today, and today 3343 contract(s) were bought and sold.
• For OCUL (NASDAQ:OCUL), we notice a call option trade that happens to be bullish, expiring in 220 day(s) on December 15, 2023. This event was a transfer of 100 contract(s) at a $5.00 strike. The total cost received by the writing party (or parties) was $26.3K, with a price of $263.0 per contract. There were 537 open contracts at this strike prior to today, and today 1400 contract(s) were bought and sold.
• Regarding AZN (NASDAQ:AZN), we observe a call option sweep with bullish sentiment. It expires in 10 day(s) on May 19, 2023. Parties traded 202 contract(s) at a $75.00 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 $27.2K, with a price of $135.0 per contract. There were 3894 open contracts at this strike prior to today, and today 1021 contract(s) were bought and sold.
• For MRVI (NASDAQ:MRVI), we notice a call option trade that happens to be bearish, expiring in 38 day(s) on June 16, 2023. This event was a transfer of 123 contract(s) at a $12.50 strike. The total cost received by the writing party (or parties) was $31.9K, with a price of $260.0 per contract. There were 1234 open contracts at this strike prior to today, and today 875 contract(s) were bought and sold.
• For MDT (NYSE:MDT), we notice a put option trade that happens to be bearish, expiring in 45 day(s) on June 23, 2023. This event was a transfer of 137 contract(s) at a $88.00 strike. The total cost received by the writing party (or parties) was $29.5K, with a price of $216.0 per contract. There were 250 open contracts at this strike prior to today, and today 624 contract(s) were bought and sold.
• Regarding CNMD (NYSE:CNMD), we observe a put option sweep with neutral sentiment. It expires in 101 day(s) on August 18, 2023. Parties traded 325 contract(s) at a $65.00 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 $31.3K, with a price of $102.0 per contract. There were 983 open contracts at this strike prior to today, and today 412 contract(s) were bought and sold.
• For REGN (NASDAQ:REGN), we notice a call option trade that happens to be bullish, expiring in 255 day(s) on January 19, 2024. This event was a transfer of 22 contract(s) at a $920.00 strike. The total cost received by the writing party (or parties) was $52.8K, with a price of $2400.0 per contract. There were 107 open contracts at this strike prior to today, and today 235 contract(s) were bought and sold.
• For GILD (NASDAQ:GILD), we notice a call option sweep that happens to be bullish, expiring in 255 day(s) on January 19, 2024. This event was a transfer of 134 contract(s) at a $80.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $85.1K, with a price of $635.0 per contract. There were 1502 open contracts at this strike prior to today, and today 145 contract(s) were bought and sold.
• For SRPT (NASDAQ:SRPT), we notice a put option sweep that happens to be bearish, expiring in 129 day(s) on September 15, 2023. This event was a transfer of 24 contract(s) at a $180.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $136.5K, with a price of $5690.0 per contract. There were 129 open contracts at this strike prior to today, and today 120 contract(s) were bought and sold.
• Regarding RAIN (NASDAQ:RAIN), we observe a put option sweep with bearish sentiment. It expires in 129 day(s) on September 15, 2023. Parties traded 100 contract(s) at a $7.50 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $28.5K, with a price of $285.0 per contract. There were 1086 open contracts at this strike prior to today, and today 100 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% 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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