20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Benzinga's options scanner just detected over 12 options trades for AbbVie (NYSE:ABBV) summing a total amount of $516,278.
At the same time, our algo caught 6 for a total amount of 225,571.
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 $130.0 to $165.0 for AbbVie over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for AbbVie options trades today is 2143.73 with a total volume of 659.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for AbbVie's big money trades within a strike price range of $130.0 to $165.0 over the last 30 days.
AbbVie 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 |
|---|---|---|---|---|---|---|---|---|
| ABBV | CALL | SWEEP | BULLISH | 08/11/23 | $144.00 | $122.9K | 267 | 150 |
| ABBV | CALL | TRADE | BULLISH | 01/19/24 | $150.00 | $67.3K | 6.1K | 71 |
| ABBV | CALL | TRADE | BULLISH | 01/19/24 | $130.00 | $52.0K | 477 | 20 |
| ABBV | CALL | SWEEP | BEARISH | 01/19/24 | $165.00 | $49.9K | 8.2K | 161 |
| ABBV | CALL | TRADE | BULLISH | 08/25/23 | $144.00 | $44.5K | 16 | 49 |
Where Is AbbVie Standing Right Now?
- With a volume of 1,990,751, the price of ABBV is up 0.72% at $152.53.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 77 days.
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 AbbVie, Benzinga Pro gives you real-time options trades alerts.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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