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.
A whale with a lot of money to spend has taken a noticeably bearish stance on Arista Networks.
Looking at options history for Arista Networks (NYSE:ANET) we detected 17 strange trades.
If we consider the specifics of each trade, it is accurate to state that 47% of the investors opened trades with bullish expectations and 52% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $645,960 and 11, calls, for a total amount of $552,184.
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 $150.0 to $260.0 for Arista Networks over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Arista Networks'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 Arista Networks's whale activity within a strike price range from $150.0 to $260.0 in the last 30 days.
Arista Networks 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 |
|---|---|---|---|---|---|---|---|---|
| ANET | PUT | TRADE | BULLISH | 09/15/23 | $165.00 | $215.1K | 447 | 371 |
| ANET | CALL | TRADE | BEARISH | 12/15/23 | $165.00 | $136.9K | 148 | 59 |
| ANET | PUT | TRADE | NEUTRAL | 09/15/23 | $160.00 | $108.0K | 1.0K | 240 |
| ANET | PUT | SWEEP | BEARISH | 01/17/25 | $260.00 | $96.0K | 0 | 11 |
| ANET | PUT | SWEEP | BEARISH | 01/17/25 | $260.00 | $95.4K | 0 | 33 |
Where Is Arista Networks Standing Right Now?
- With a volume of 2,649,065, the price of ANET is up 1.38% at $174.09.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 6 days.
What The Experts Say On Arista Networks:
- Exane BNP Paribas downgraded its action to Outperform with a price target of $210
- Citigroup downgraded its action to Neutral with a price target of $160
- Keybanc has decided to maintain their Overweight rating on Arista Networks, which currently sits at a price target of $206.
- Evercore ISI Group downgraded its action to Outperform with a price target of $180
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 Arista Networks, 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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