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.
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.
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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 | 05/26/23 | $187.50 | $67.5K | 4.2K | 24.7K |
| QS | PUT | SWEEP | BULLISH | 07/21/23 | $8.00 | $26.7K | 9.5K | 2.0K |
| VFC | CALL | SWEEP | BULLISH | 06/16/23 | $22.50 | $77.3K | 20.4K | 1.9K |
| ABNB | PUT | SWEEP | BEARISH | 07/21/23 | $95.00 | $37.7K | 2.7K | 313 |
| SBUX | CALL | SWEEP | BULLISH | 01/17/25 | $125.00 | $25.7K | 775 | 199 |
| LOW | PUT | TRADE | BULLISH | 06/16/23 | $205.00 | $30.5K | 37 | 177 |
| F | CALL | TRADE | BEARISH | 12/19/25 | $5.00 | $68.5K | 423 | 147 |
| NIO | CALL | SWEEP | BEARISH | 01/17/25 | $10.00 | $27.5K | 11.3K | 141 |
| ASO | PUT | TRADE | NEUTRAL | 06/16/23 | $53.00 | $42.2K | 0 | 128 |
| SKX | PUT | SWEEP | BULLISH | 10/20/23 | $55.00 | $28.2K | 472 | 48 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding TSLA (NASDAQ:TSLA), we observe a put option sweep with bearish sentiment. It expires in 3 day(s) on May 26, 2023. Parties traded 211 contract(s) at a $187.50 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 $67.5K, with a price of $320.0 per contract. There were 4244 open contracts at this strike prior to today, and today 24796 contract(s) were bought and sold.
• For QS (NYSE:QS), we notice a put option sweep that happens to be bullish, expiring in 59 day(s) on July 21, 2023. This event was a transfer of 163 contract(s) at a $8.00 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 $26.7K, with a price of $164.0 per contract. There were 9530 open contracts at this strike prior to today, and today 2056 contract(s) were bought and sold.
• For VFC (NYSE:VFC), we notice a call option sweep that happens to be bullish, expiring in 24 day(s) on June 16, 2023. This event was a transfer of 1928 contract(s) at a $22.50 strike. This particular call needed to be split into 36 different trades to become filled. The total cost received by the writing party (or parties) was $77.3K, with a price of $40.0 per contract. There were 20437 open contracts at this strike prior to today, and today 1966 contract(s) were bought and sold.
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• For ABNB (NASDAQ:ABNB), we notice a put option sweep that happens to be bearish, expiring in 59 day(s) on July 21, 2023. This event was a transfer of 147 contract(s) at a $95.00 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 $37.7K, with a price of $257.0 per contract. There were 2747 open contracts at this strike prior to today, and today 313 contract(s) were bought and sold.
• For SBUX (NASDAQ:SBUX), we notice a call option sweep that happens to be bullish, expiring in 605 day(s) on January 17, 2025. This event was a transfer of 41 contract(s) at a $125.00 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 $25.7K, with a price of $629.0 per contract. There were 775 open contracts at this strike prior to today, and today 199 contract(s) were bought and sold.
• For LOW (NYSE:LOW), we notice a put option trade that happens to be bullish, expiring in 24 day(s) on June 16, 2023. This event was a transfer of 70 contract(s) at a $205.00 strike. The total cost received by the writing party (or parties) was $30.5K, with a price of $437.0 per contract. There were 37 open contracts at this strike prior to today, and today 177 contract(s) were bought and sold.
• Regarding F (NYSE:F), we observe a call option trade with bearish sentiment. It expires in 941 day(s) on December 19, 2025. Parties traded 100 contract(s) at a $5.00 strike. The total cost received by the writing party (or parties) was $68.5K, with a price of $685.0 per contract. There were 423 open contracts at this strike prior to today, and today 147 contract(s) were bought and sold.
• Regarding NIO (NYSE:NIO), we observe a call option sweep with bearish sentiment. It expires in 605 day(s) on January 17, 2025. Parties traded 95 contract(s) at a $10.00 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 $27.5K, with a price of $290.0 per contract. There were 11370 open contracts at this strike prior to today, and today 141 contract(s) were bought and sold.
• For ASO (NASDAQ:ASO), we notice a put option trade that happens to be neutral, expiring in 24 day(s) on June 16, 2023. This event was a transfer of 128 contract(s) at a $53.00 strike. The total cost received by the writing party (or parties) was $42.2K, with a price of $330.0 per contract. There were 0 open contracts at this strike prior to today, and today 128 contract(s) were bought and sold.
• For SKX (NYSE:SKX), we notice a put option sweep that happens to be bullish, expiring in 150 day(s) on October 20, 2023. This event was a transfer of 47 contract(s) at a $55.00 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 $28.2K, with a price of $600.0 per contract. There were 472 open contracts at this strike prior to today, and today 48 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% 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.