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 |
|---|---|---|---|---|---|---|---|---|
| NVDA | PUT | SWEEP | BEARISH | 05/12/23 | $290.00 | $42.6K | 4.8K | 11.2K |
| AAPL | PUT | TRADE | BULLISH | 05/19/23 | $170.00 | $26.8K | 25.0K | 10.1K |
| MSFT | CALL | SWEEP | BEARISH | 05/19/23 | $315.00 | $45.9K | 39.8K | 6.9K |
| MARA | PUT | SWEEP | NEUTRAL | 01/17/25 | $15.00 | $50.8K | 562 | 2.6K |
| ENPH | CALL | SWEEP | BULLISH | 05/12/23 | $165.00 | $25.8K | 1.3K | 2.3K |
| MU | PUT | TRADE | BULLISH | 06/21/24 | $60.00 | $440.0K | 5.5K | 500 |
| ERIC | PUT | TRADE | BEARISH | 01/17/25 | $5.00 | $32.8K | 2.0K | 439 |
| MSTR | CALL | SWEEP | BULLISH | 05/12/23 | $320.00 | $44.9K | 224 | 421 |
| SNOW | PUT | TRADE | BEARISH | 01/19/24 | $130.00 | $189.1K | 2.3K | 405 |
| CRWD | CALL | SWEEP | BEARISH | 05/26/23 | $128.00 | $147.0K | 123 | 393 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding NVDA (NASDAQ:NVDA), we observe a put option sweep with bearish sentiment. It expires in 2 day(s) on May 12, 2023. Parties traded 71 contract(s) at a $290.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $42.6K, with a price of $600.0 per contract. There were 4867 open contracts at this strike prior to today, and today 11272 contract(s) were bought and sold.
• For AAPL (NASDAQ:AAPL), we notice a put option trade that happens to be bullish, expiring in 9 day(s) on May 19, 2023. This event was a transfer of 200 contract(s) at a $170.00 strike. The total cost received by the writing party (or parties) was $26.8K, with a price of $134.0 per contract. There were 25008 open contracts at this strike prior to today, and today 10150 contract(s) were bought and sold.
• For MSFT (NASDAQ:MSFT), we notice a call option sweep that happens to be bearish, expiring in 9 day(s) on May 19, 2023. This event was a transfer of 300 contract(s) at a $315.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $45.9K, with a price of $153.0 per contract. There were 39896 open contracts at this strike prior to today, and today 6971 contract(s) were bought and sold.
• For MARA (NASDAQ:MARA), we notice a put option sweep that happens to be neutral, expiring in 618 day(s) on January 17, 2025. This event was a transfer of 50 contract(s) at a $15.00 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 $50.8K, with a price of $1019.0 per contract. There were 562 open contracts at this strike prior to today, and today 2675 contract(s) were bought and sold.
• Regarding ENPH (NASDAQ:ENPH), we observe a call option sweep with bullish sentiment. It expires in 2 day(s) on May 12, 2023. Parties traded 340 contract(s) at a $165.00 strike. This particular call needed to be split into 49 different trades to become filled. The total cost received by the writing party (or parties) was $25.8K, with a price of $75.0 per contract. There were 1352 open contracts at this strike prior to today, and today 2380 contract(s) were bought and sold.
• Regarding MU (NASDAQ:MU), we observe a put option trade with bullish sentiment. It expires in 408 day(s) on June 21, 2024. Parties traded 500 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $440.0K, with a price of $880.0 per contract. There were 5533 open contracts at this strike prior to today, and today 500 contract(s) were bought and sold.
• Regarding ERIC (NASDAQ:ERIC), we observe a put option trade with bearish sentiment. It expires in 618 day(s) on January 17, 2025. Parties traded 438 contract(s) at a $5.00 strike. The total cost received by the writing party (or parties) was $32.8K, with a price of $75.0 per contract. There were 2025 open contracts at this strike prior to today, and today 439 contract(s) were bought and sold.
• For MSTR (NASDAQ:MSTR), we notice a call option sweep that happens to be bullish, expiring in 2 day(s) on May 12, 2023. This event was a transfer of 100 contract(s) at a $320.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $44.9K, with a price of $450.0 per contract. There were 224 open contracts at this strike prior to today, and today 421 contract(s) were bought and sold.
• For SNOW (NYSE:SNOW), we notice a put option trade that happens to be bearish, expiring in 254 day(s) on January 19, 2024. This event was a transfer of 157 contract(s) at a $130.00 strike. The total cost received by the writing party (or parties) was $189.1K, with a price of $1205.0 per contract. There were 2350 open contracts at this strike prior to today, and today 405 contract(s) were bought and sold.
• Regarding CRWD (NASDAQ:CRWD), we observe a call option sweep with bearish sentiment. It expires in 16 day(s) on May 26, 2023. Parties traded 185 contract(s) at a $128.00 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 $147.0K, with a price of $795.0 per contract. There were 123 open contracts at this strike prior to today, and today 393 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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