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.
This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels.
Here's the list of options activity happening in today's session:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TSLA | CALL | SWEEP | NEUTRAL | 12/15/23 | $250.00 | $37.6K | 72.2K | 204.4K |
| CHWY | PUT | SWEEP | BULLISH | 12/15/23 | $20.00 | $29.1K | 13.7K | 8.0K |
| TPR | CALL | SWEEP | BULLISH | 01/19/24 | $40.00 | $45.0K | 1.5K | 3.0K |
| MAT | PUT | SWEEP | BEARISH | 01/19/24 | $20.00 | $203.8K | 5.5K | 2.5K |
| LULU | PUT | SWEEP | BULLISH | 12/15/23 | $490.00 | $31.1K | 1.3K | 1.8K |
| GM | PUT | SWEEP | BULLISH | 06/21/24 | $28.00 | $27.5K | 18.6K | 521 |
| JWN | CALL | TRADE | NEUTRAL | 12/22/23 | $16.00 | $47.6K | 693 | 253 |
| RIVN | PUT | TRADE | BULLISH | 12/29/23 | $23.00 | $36.4K | 0 | 217 |
| DUOL | PUT | TRADE | BULLISH | 05/17/24 | $190.00 | $39.0K | 12 | 156 |
| TOL | CALL | TRADE | BULLISH | 01/19/24 | $100.00 | $28.2K | 540 | 152 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For TSLA (NASDAQ:TSLA), we notice a call option sweep that happens to be neutral, expiring in 1 day(s) on December 15, 2023. This event was a transfer of 83 contract(s) at a $250.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $37.6K, with a price of $455.0 per contract. There were 72287 open contracts at this strike prior to today, and today 204476 contract(s) were bought and sold.
• For CHWY (NYSE:CHWY), we notice a put option sweep that happens to be bullish, expiring in 1 day(s) on December 15, 2023. This event was a transfer of 1264 contract(s) at a $20.00 strike. This particular put needed to be split into 34 different trades to become filled. The total cost received by the writing party (or parties) was $29.1K, with a price of $23.0 per contract. There were 13749 open contracts at this strike prior to today, and today 8075 contract(s) were bought and sold.
• For TPR (NYSE:TPR), we notice a call option sweep that happens to be bullish, expiring in 36 day(s) on January 19, 2024. This event was a transfer of 1500 contract(s) at a $40.00 strike. This particular call needed to be split into 30 different trades to become filled. The total cost received by the writing party (or parties) was $45.0K, with a price of $30.0 per contract. There were 1579 open contracts at this strike prior to today, and today 3007 contract(s) were bought and sold.
• Regarding MAT (NASDAQ:MAT), we observe a put option sweep with bearish sentiment. It expires in 36 day(s) on January 19, 2024. Parties traded 1835 contract(s) at a $20.00 strike. This particular put needed to be split into 38 different trades to become filled. The total cost received by the writing party (or parties) was $203.8K, with a price of $115.0 per contract. There were 5507 open contracts at this strike prior to today, and today 2510 contract(s) were bought and sold.
• Regarding LULU (NASDAQ:LULU), we observe a put option sweep with bullish sentiment. It expires in 1 day(s) on December 15, 2023. Parties traded 101 contract(s) at a $490.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $31.1K, with a price of $305.0 per contract. There were 1300 open contracts at this strike prior to today, and today 1832 contract(s) were bought and sold.
• For GM (NYSE:GM), we notice a put option sweep that happens to be bullish, expiring in 190 day(s) on June 21, 2024. This event was a transfer of 500 contract(s) at a $28.00 strike. This particular put needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $27.5K, with a price of $55.0 per contract. There were 18678 open contracts at this strike prior to today, and today 521 contract(s) were bought and sold.
• Regarding JWN (NYSE:JWN), we observe a call option trade with neutral sentiment. It expires in 8 day(s) on December 22, 2023. Parties traded 200 contract(s) at a $16.00 strike. The total cost received by the writing party (or parties) was $47.6K, with a price of $238.0 per contract. There were 693 open contracts at this strike prior to today, and today 253 contract(s) were bought and sold.
• Regarding RIVN (NASDAQ:RIVN), we observe a put option trade with bullish sentiment. It expires in 15 day(s) on December 29, 2023. Parties traded 200 contract(s) at a $23.00 strike. The total cost received by the writing party (or parties) was $36.4K, with a price of $182.0 per contract. There were 0 open contracts at this strike prior to today, and today 217 contract(s) were bought and sold.
• Regarding DUOL (NASDAQ:DUOL), we observe a put option trade with bullish sentiment. It expires in 155 day(s) on May 17, 2024. Parties traded 30 contract(s) at a $190.00 strike. The total cost received by the writing party (or parties) was $39.0K, with a price of $1300.0 per contract. There were 12 open contracts at this strike prior to today, and today 156 contract(s) were bought and sold.
• For TOL (NYSE:TOL), we notice a call option trade that happens to be bullish, expiring in 36 day(s) on January 19, 2024. This event was a transfer of 47 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $28.2K, with a price of $600.0 per contract. There were 540 open contracts at this strike prior to today, and today 152 contract(s) were bought and sold.
Options Alert Terminology
- Call Contracts: The right to buy shares as indicated in the contract.
- Put Contracts: The right to sell shares as indicated in the contract.
- Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it.
- Premium/Option Price: The price of the contract.
For more information, visit our Guide to Understanding Options Alerts or read more news on unusual options activity.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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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