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 TJX Companies (NYSE:TJX).
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 TJX, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 9 options trades for TJX Companies.
This isn't normal.
The overall sentiment of these big-money traders is split between 22% bullish and 77%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $89,950, and 8, calls, for a total amount of $925,017.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $87.5 to $115.0 for TJX Companies during the past quarter.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for TJX Companies options trades today is 1372.0 with a total volume of 9,630.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for TJX Companies's big money trades within a strike price range of $87.5 to $115.0 over the last 30 days.
TJX Companies 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 |
|---|---|---|---|---|---|---|---|---|
| TJX | CALL | TRADE | BEARISH | 02/16/24 | $96.00 | $494.3K | 273 | 3.8K |
| TJX | CALL | SWEEP | BEARISH | 01/16/26 | $115.00 | $115.4K | 1.7K | 291 |
| TJX | PUT | SWEEP | BEARISH | 03/15/24 | $97.50 | $89.9K | 68 | 281 |
| TJX | CALL | SWEEP | NEUTRAL | 01/16/26 | $115.00 | $73.1K | 1.7K | 421 |
| TJX | CALL | SWEEP | BULLISH | 01/17/25 | $87.50 | $64.5K | 403 | 43 |
About TJX Companies
TJX Companies is the leading off-price retailer of apparel, accessories, and home merchandise in the United States. The firm leverages its more than 21,000 global vendor relationships to procure and sell brand-name merchandise at prices 20%-60% cheaper than conventional retail channels. TJX opportunistically purchases excess inventory that stems from manufacturing overruns and retail closeout sales. The off-price retailer disperses its vast and disparate merchandise across its 4,900 global stores, creating a treasure-hunt shopping experience for consumers. Over three quarters of TJX's sales are derived from the United States, primarily via the T.J. Maxx, Marshalls, and HomeGoods banners. About 10% of sales are from Canada and 12% from Europe and Australia.
Where Is TJX Companies Standing Right Now?
- Trading volume stands at 1,371,521, with TJX's price down by 0.0%, positioned at $95.51.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 26 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 TJX Companies, 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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