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.
Investors with a lot of money to spend have taken a bearish stance on KeyCorp (NYSE:KEY).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with KEY, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for KeyCorp.
This isn't normal.
The overall sentiment of these big-money traders is split between 12% bullish and 87%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $75,790, and 7, calls, for a total amount of $190,545.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $5.0 to $15.0 for KeyCorp over the last 3 months.
Volume & Open Interest Trends
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 KeyCorp'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 KeyCorp's whale activity within a strike price range from $5.0 to $15.0 in the last 30 days.
KeyCorp Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| KEY | PUT | SWEEP | BULLISH | 06/21/24 | $15.00 | $75.7K | 290 | 287 |
| KEY | CALL | TRADE | BEARISH | 01/16/26 | $5.00 | $27.9K | 1.7K | 165 |
| KEY | CALL | TRADE | NEUTRAL | 01/16/26 | $5.00 | $27.1K | 1.7K | 165 |
| KEY | CALL | TRADE | BEARISH | 01/16/26 | $5.00 | $27.1K | 1.7K | 132 |
| KEY | CALL | TRADE | NEUTRAL | 01/16/26 | $5.00 | $27.1K | 1.7K | 99 |
About KeyCorp
With assets of over $170 billion, Ohio-based KeyCorp's bank footprint spans 16 states, but it is predominantly concentrated in its two largest markets: Ohio and New York. KeyCorp is primarily focused on serving middle-market commercial clients through a hybrid community/corporate bank model.
After a thorough review of the options trading surrounding KeyCorp, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is KeyCorp Standing Right Now?
- With a volume of 3,045,996, the price of KEY is down 0.0% at $13.17.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 37 days.
Expert Opinions on KeyCorp
3 market experts have recently issued ratings for this stock, with a consensus target price of $12.666666666666666.
- Consistent in their evaluation, an analyst from Morgan Stanley keeps a Equal-Weight rating on KeyCorp with a target price of $12.
- Maintaining their stance, an analyst from RBC Capital continues to hold a Outperform rating for KeyCorp, targeting a price of $13.
- An analyst from Stephens & Co. downgraded its action to Equal-Weight with a price target of $13.
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 KeyCorp, 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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