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 Consumer Discretionary sector:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TSLA | PUT | SWEEP | BEARISH | 05/19/23 | $175.00 | $33.8K | 8.2K | 14.8K |
| CCL | CALL | SWEEP | BEARISH | 06/16/23 | $10.00 | $28.6K | 29.2K | 1.3K |
| LVS | CALL | TRADE | BULLISH | 05/19/23 | $60.00 | $27.8K | 4.3K | 338 |
| F | CALL | TRADE | NEUTRAL | 12/15/23 | $11.00 | $44.3K | 2.5K | 278 |
| HD | PUT | SWEEP | BEARISH | 05/26/23 | $300.00 | $76.5K | 154 | 191 |
| CMG | PUT | TRADE | BEARISH | 06/23/23 | $2050.00 | $97.4K | 60 | 92 |
| DUOL | PUT | SWEEP | BULLISH | 08/18/23 | $150.00 | $58.8K | 1 | 74 |
| BKNG | CALL | TRADE | BULLISH | 05/19/23 | $2675.00 | $117.6K | 99 | 62 |
| DPZ | PUT | TRADE | BEARISH | 01/19/24 | $330.00 | $81.6K | 1.2K | 28 |
| YETI | CALL | TRADE | BULLISH | 01/17/25 | $30.00 | $32.6K | 165 | 20 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For TSLA (NASDAQ:TSLA), we notice a put option sweep that happens to be bearish, expiring in 2 day(s) on May 19, 2023. This event was a transfer of 106 contract(s) at a $175.00 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 $33.8K, with a price of $315.0 per contract. There were 8242 open contracts at this strike prior to today, and today 14837 contract(s) were bought and sold.
• Regarding CCL (NYSE:CCL), we observe a call option sweep with bearish sentiment. It expires in 30 day(s) on June 16, 2023. Parties traded 200 contract(s) at a $10.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $28.6K, with a price of $143.0 per contract. There were 29255 open contracts at this strike prior to today, and today 1376 contract(s) were bought and sold.
• Regarding LVS (NYSE:LVS), we observe a call option trade with bullish sentiment. It expires in 2 day(s) on May 19, 2023. Parties traded 278 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $27.8K, with a price of $100.0 per contract. There were 4359 open contracts at this strike prior to today, and today 338 contract(s) were bought and sold.
• For F (NYSE:F), we notice a call option trade that happens to be neutral, expiring in 212 day(s) on December 15, 2023. This event was a transfer of 267 contract(s) at a $11.00 strike. The total cost received by the writing party (or parties) was $44.3K, with a price of $166.0 per contract. There were 2597 open contracts at this strike prior to today, and today 278 contract(s) were bought and sold.
• For HD (NYSE:HD), we notice a put option sweep that happens to be bearish, expiring in 9 day(s) on May 26, 2023. This event was a transfer of 100 contract(s) at a $300.00 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 $76.5K, with a price of $765.0 per contract. There were 154 open contracts at this strike prior to today, and today 191 contract(s) were bought and sold.
• Regarding CMG (NYSE:CMG), we observe a put option trade with bearish sentiment. It expires in 37 day(s) on June 23, 2023. Parties traded 20 contract(s) at a $2050.00 strike. The total cost received by the writing party (or parties) was $97.4K, with a price of $4870.0 per contract. There were 60 open contracts at this strike prior to today, and today 92 contract(s) were bought and sold.
• For DUOL (NASDAQ:DUOL), we notice a put option sweep that happens to be bullish, expiring in 93 day(s) on August 18, 2023. This event was a transfer of 34 contract(s) at a $150.00 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 $58.8K, with a price of $1730.0 per contract. There were 1 open contracts at this strike prior to today, and today 74 contract(s) were bought and sold.
• For BKNG (NASDAQ:BKNG), we notice a call option trade that happens to be bullish, expiring in 2 day(s) on May 19, 2023. This event was a transfer of 49 contract(s) at a $2675.00 strike. The total cost received by the writing party (or parties) was $117.6K, with a price of $2400.0 per contract. There were 99 open contracts at this strike prior to today, and today 62 contract(s) were bought and sold.
• For DPZ (NYSE:DPZ), we notice a put option trade that happens to be bearish, expiring in 247 day(s) on January 19, 2024. This event was a transfer of 21 contract(s) at a $330.00 strike. The total cost received by the writing party (or parties) was $81.6K, with a price of $3890.0 per contract. There were 1222 open contracts at this strike prior to today, and today 28 contract(s) were bought and sold.
• Regarding YETI (NYSE:YETI), we observe a call option trade with bullish sentiment. It expires in 611 day(s) on January 17, 2025. Parties traded 20 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $32.6K, with a price of $1630.0 per contract. There were 165 open contracts at this strike prior to today, and today 20 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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