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.
Someone with a lot of money to spend has taken a bullish stance on KLA (NASDAQ:KLAC).
And retail traders should know.
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We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with KLAC, it often means somebody knows something is about to happen.
So how do we know what this whale just did?
Today, Benzinga's options scanner spotted 11 uncommon options trades for KLA.
This isn't normal.
The overall sentiment of these big-money traders is split between 54% bullish and 45%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $94,201, and 9 are calls, for a total amount of $721,874.
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 $185.0 to $490.0 for KLA over the last 3 months.
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Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for KLA options trades today is 83.62 with a total volume of 122.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for KLA's big money trades within a strike price range of $185.0 to $490.0 over the last 30 days.
KLA 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 |
|---|---|---|---|---|---|---|---|---|
| KLAC | CALL | SWEEP | BULLISH | 06/16/23 | $195.00 | $267.4K | 0 | 10 |
| KLAC | CALL | TRADE | BEARISH | 09/15/23 | $430.00 | $89.4K | 139 | 34 |
| KLAC | CALL | TRADE | BEARISH | 09/15/23 | $490.00 | $83.3K | 58 | 34 |
| KLAC | CALL | TRADE | BULLISH | 09/15/23 | $430.00 | $79.6K | 139 | 17 |
| KLAC | CALL | TRADE | NEUTRAL | 09/15/23 | $390.00 | $64.6K | 76 | 25 |
Where Is KLA Standing Right Now?
- With a volume of 718,236, the price of KLAC is up 0.64% at $461.0.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 51 days.
What The Experts Say On KLA:
- Wells Fargo has decided to maintain their Overweight rating on KLA, which currently sits at a price target of $500.
- UBS has decided to maintain their Neutral rating on KLA, which currently sits at a price target of $475.
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 KLA, 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.