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 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.
Here's the list of options activity happening in today's session:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PARA | CALL | SWEEP | BEARISH | 07/21/23 | $17.50 | $48.2K | 31.5K | 10.4K |
| META | PUT | SWEEP | BULLISH | 07/07/23 | $285.00 | $30.4K | 2.4K | 7.6K |
| NFLX | CALL | SWEEP | NEUTRAL | 07/07/23 | $440.00 | $66.7K | 1.5K | 5.2K |
| WBD | CALL | SWEEP | BULLISH | 01/17/25 | $10.00 | $257.5K | 9.2K | 3.0K |
| BIDU | PUT | SWEEP | BULLISH | 09/15/23 | $130.00 | $30.9K | 1.3K | 1.6K |
| RBLX | CALL | TRADE | BULLISH | 07/07/23 | $40.00 | $56.2K | 1.8K | 1.5K |
| DIS | CALL | SWEEP | BULLISH | 09/15/23 | $90.00 | $26.2K | 6.5K | 1.2K |
| AMC | PUT | TRADE | BEARISH | 07/28/23 | $5.50 | $34.0K | 2.2K | 800 |
| VZ | PUT | TRADE | NEUTRAL | 01/19/24 | $40.00 | $26.7K | 18.6K | 314 |
| LYV | CALL | TRADE | BULLISH | 07/21/23 | $90.00 | $29.5K | 1.5K | 118 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For PARA (NASDAQ:PARA), we notice a call option sweep that happens to be bearish, expiring in 18 day(s) on July 21, 2023. This event was a transfer of 2097 contract(s) at a $17.50 strike. This particular call needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $48.2K, with a price of $23.0 per contract. There were 31576 open contracts at this strike prior to today, and today 10409 contract(s) were bought and sold.
• For META (NASDAQ:META), we notice a put option sweep that happens to be bullish, expiring in 4 day(s) on July 7, 2023. This event was a transfer of 116 contract(s) at a $285.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $30.4K, with a price of $262.0 per contract. There were 2426 open contracts at this strike prior to today, and today 7664 contract(s) were bought and sold.
• For NFLX (NASDAQ:NFLX), we notice a call option sweep that happens to be neutral, expiring in 4 day(s) on July 7, 2023. This event was a transfer of 100 contract(s) at a $440.00 strike. This particular call needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $66.7K, with a price of $666.0 per contract. There were 1582 open contracts at this strike prior to today, and today 5222 contract(s) were bought and sold.
• For WBD (NASDAQ:WBD), we notice a call option sweep that happens to be bullish, expiring in 564 day(s) on January 17, 2025. This event was a transfer of 500 contract(s) at a $10.00 strike. This particular call needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $257.5K, with a price of $515.0 per contract. There were 9200 open contracts at this strike prior to today, and today 3001 contract(s) were bought and sold.
• For BIDU (NASDAQ:BIDU), we notice a put option sweep that happens to be bullish, expiring in 74 day(s) on September 15, 2023. This event was a transfer of 60 contract(s) at a $130.00 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 $30.9K, with a price of $515.0 per contract. There were 1369 open contracts at this strike prior to today, and today 1611 contract(s) were bought and sold.
• For RBLX (NYSE:RBLX), we notice a call option trade that happens to be bullish, expiring in 4 day(s) on July 7, 2023. This event was a transfer of 250 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $56.2K, with a price of $225.0 per contract. There were 1882 open contracts at this strike prior to today, and today 1509 contract(s) were bought and sold.
• For DIS (NYSE:DIS), we notice a call option sweep that happens to be bullish, expiring in 74 day(s) on September 15, 2023. This event was a transfer of 50 contract(s) at a $90.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $26.2K, with a price of $525.0 per contract. There were 6596 open contracts at this strike prior to today, and today 1264 contract(s) were bought and sold.
• For AMC (NYSE:AMC), we notice a put option trade that happens to be bearish, expiring in 25 day(s) on July 28, 2023. This event was a transfer of 140 contract(s) at a $5.50 strike. The total cost received by the writing party (or parties) was $34.0K, with a price of $243.0 per contract. There were 2268 open contracts at this strike prior to today, and today 800 contract(s) were bought and sold.
• For VZ (NYSE:VZ), we notice a put option trade that happens to be neutral, expiring in 200 day(s) on January 19, 2024. This event was a transfer of 65 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $26.7K, with a price of $412.0 per contract. There were 18622 open contracts at this strike prior to today, and today 314 contract(s) were bought and sold.
• For LYV (NYSE:LYV), we notice a call option trade that happens to be bullish, expiring in 18 day(s) on July 21, 2023. This event was a transfer of 100 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $29.5K, with a price of $295.0 per contract. There were 1563 open contracts at this strike prior to today, and today 118 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.
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!