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.
Benzinga's options scanner just detected over 11 options trades for Peabody Energy (NYSE:BTU) summing a total amount of $466,196.
At the same time, our algo caught 8 for a total amount of 451,902.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $20.0 to $32.0 for Peabody Energy over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Peabody Energy options trades today is 2378.0 with a total volume of 3,917.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Peabody Energy's big money trades within a strike price range of $20.0 to $32.0 over the last 30 days.
Want Private Access to Benzinga Analyst?
Check out the latest strategies our team of experts are using every week so that you can always adapt to the market like the pros!—Get FULL Access to This Week's Webinar Here.
Peabody Energy Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BTU | PUT | TRADE | NEUTRAL | 01/19/24 | $32.00 | $89.3K | 829 | 302 |
| BTU | PUT | SWEEP | BULLISH | 06/02/23 | $21.00 | $88.0K | 1.1K | 1.0K |
| BTU | CALL | SWEEP | BULLISH | 06/16/23 | $20.00 | $72.0K | 1.5K | 556 |
| BTU | PUT | TRADE | BULLISH | 01/19/24 | $32.00 | $63.2K | 829 | 26 |
| BTU | PUT | SWEEP | BULLISH | 01/19/24 | $32.00 | $49.5K | 829 | 349 |
Where Is Peabody Energy Standing Right Now?
- With a volume of 2,490,128, the price of BTU is down -2.26% at $20.31.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 69 days.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Peabody Energy, Benzinga Pro gives you real-time options trades alerts.
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.