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.
Whales with a lot of money to spend have taken a noticeably bullish stance on Paycom Software.
Looking at options history for Paycom Software (NYSE:PAYC) we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 62% of the investors opened trades with bullish expectations and 37% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $572,000 and 5, calls, for a total amount of $229,400.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $175.0 to $300.0 for Paycom Software over the last 3 months.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Paycom Software's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Paycom Software's substantial trades, within a strike price spectrum from $175.0 to $300.0 over the preceding 30 days.
Paycom Software Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PAYC | PUT | TRADE | NEUTRAL | 01/16/26 | $175.00 | $434.0K | 8 | 0 |
| PAYC | CALL | TRADE | BULLISH | 01/16/26 | $300.00 | $75.0K | 12 | 100 |
| PAYC | PUT | TRADE | BULLISH | 05/17/24 | $210.00 | $70.0K | 369 | 20 |
| PAYC | PUT | TRADE | NEUTRAL | 05/17/24 | $210.00 | $68.0K | 369 | 40 |
| PAYC | CALL | TRADE | BULLISH | 12/20/24 | $250.00 | $59.0K | 19 | 133 |
About Paycom Software
Paycom is a fast-growing provider of payroll and human capital management, or HCM, software primarily targeting clients with 50-10,000 employees in the United States. Paycom was established in 1998 and services about 19,000 clients as of 2022, based on parent company grouping. Alongside its core payroll software, Paycom offers various HCM add-on modules, including time and attendance, talent management, and benefits administration.
After a thorough review of the options trading surrounding Paycom Software, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Paycom Software Standing Right Now?
- With a trading volume of 468,314, the price of PAYC is up by 1.83%, reaching $184.98.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 67 days from now.
What The Experts Say On Paycom Software
In the last month, 3 experts released ratings on this stock with an average target price of $201.66666666666666.
- An analyst from UBS has revised its rating downward to Buy, adjusting the price target to $235.
- An analyst from B of A Securities downgraded its action to Neutral with a price target of $185.
- An analyst from Piper Sandler downgraded its action to Neutral with a price target of $185.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Paycom Software options trades with real-time alerts from Benzinga Pro.
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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