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 bullish stance on Futu Hldgs (NASDAQ:FUTU).
And retail traders should know.
We noticed this today when the trades 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 FUTU, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 8 uncommon options trades for Futu Hldgs.
This isn't normal.
The overall sentiment of these big-money traders is split between 62% bullish and 37%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $722,862, and 2 are calls, for a total amount of $212,166.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $40.0 to $65.0 for Futu Hldgs during the past quarter.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Futu Hldgs's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Futu Hldgs's significant trades, within a strike price range of $40.0 to $65.0, over the past month.
Futu Hldgs Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| FUTU | PUT | SWEEP | BULLISH | 01/17/25 | $60.00 | $277.5K | 308 | 13 |
| FUTU | PUT | TRADE | BULLISH | 06/21/24 | $40.00 | $235.0K | 1.2K | 1.0K |
| FUTU | CALL | TRADE | BULLISH | 06/21/24 | $65.00 | $158.4K | 1.3K | 0 |
| FUTU | PUT | SWEEP | BULLISH | 01/17/25 | $60.00 | $84.9K | 308 | 238 |
| FUTU | PUT | TRADE | NEUTRAL | 01/19/24 | $65.00 | $55.4K | 905 | 9 |
About Futu Hldgs
Futu Holdings Ltd is an online broker providing one-stop online investing services. The company provides its services through its digital platform Futu NiuNiu, which includes market data, trading service, and news feed of Hong Kong, Mainland China, Singapore, and United States equity markets. It generates its revenue in the form of brokerage commission and handling charge services.
Having examined the options trading patterns of Futu Hldgs, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Futu Hldgs
- Trading volume stands at 945,635, with FUTU's price down by -3.79%, positioned at $51.0.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 95 days.
What Analysts Are Saying About Futu Hldgs
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $71.5.
- An analyst from Jefferies has decided to maintain their Buy rating on Futu Hldgs, which currently sits at a price target of $71.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Futu Hldgs with Benzinga Pro for real-time 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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