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.
Someone with a lot of money to spend has taken a bullish stance on Morgan Stanley (NYSE:MS).
And retail traders should know.
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 MS, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 10 options trades for Morgan Stanley.
This isn't normal.
The overall sentiment of these big-money traders is split between 60% bullish and 40%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $30,626, and 9, calls, for a total amount of $338,783..
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 $80.0 to $97.5 for Morgan Stanley over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Morgan Stanley's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Morgan Stanley's whale trades within a strike price range from $80.0 to $97.5 in the last 30 days.
Morgan Stanley 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 |
|---|---|---|---|---|---|---|---|---|
| MS | CALL | SWEEP | BULLISH | 06/21/24 | $92.50 | $83.0K | 1.5K | 135 |
| MS | CALL | SWEEP | BULLISH | 06/21/24 | $92.50 | $38.2K | 1.5K | 48 |
| MS | CALL | SWEEP | BULLISH | 06/21/24 | $95.00 | $33.6K | 3.5K | 48 |
| MS | CALL | SWEEP | BEARISH | 01/19/24 | $97.50 | $33.1K | 3.8K | 72 |
| MS | CALL | SWEEP | BULLISH | 06/21/24 | $95.00 | $32.8K | 3.5K | 0 |
Where Is Morgan Stanley Standing Right Now?
- With a volume of 881,197, the price of MS is up 0.76% at $93.87.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 85 days.
What The Experts Say On Morgan Stanley:
- Oppenheimer has decided to maintain their Outperform rating on Morgan Stanley, which currently sits at a price target of $110.
- JP Morgan has decided to maintain their Overweight rating on Morgan Stanley, which currently sits at a price target of $91.
- Odeon Capital upgraded its action to Buy with a price target of $94
- Citigroup has decided to maintain their Neutral rating on Morgan Stanley, which currently sits at a price target of $90.
- BMO Capital has decided to maintain their Outperform rating on Morgan Stanley, which currently sits at a price target of $103.
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 Morgan Stanley, Benzinga Pro gives you real-time options trades alerts.
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.
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