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 |
|---|---|---|---|---|---|---|---|---|
| WBD | CALL | SWEEP | BULLISH | 06/21/24 | $15.00 | $80.0K | 20.5K | 11.4K |
| FYBR | PUT | SWEEP | BEARISH | 03/15/24 | $20.00 | $59.3K | 7.2K | 1.4K |
| GOOG | CALL | SWEEP | BULLISH | 03/08/24 | $150.00 | $27.1K | 1.4K | 686 |
| LBRDK | CALL | SWEEP | BEARISH | 03/15/24 | $55.00 | $27.9K | 0 | 572 |
| TME | CALL | SWEEP | BULLISH | 10/18/24 | $12.00 | $25.2K | 0 | 280 |
| EDR | PUT | SWEEP | BULLISH | 03/15/24 | $24.00 | $32.5K | 5.7K | 250 |
| ROKU | PUT | TRADE | BEARISH | 01/17/25 | $65.00 | $70.0K | 1.0K | 145 |
| RBLX | PUT | SWEEP | NEUTRAL | 12/20/24 | $47.50 | $65.6K | 140 | 120 |
| VZ | CALL | TRADE | BEARISH | 06/20/25 | $42.00 | $30.8K | 1.5K | 101 |
| TTWO | PUT | SWEEP | BEARISH | 01/17/25 | $135.00 | $41.0K | 1.3K | 65 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding WBD (NASDAQ:WBD), we observe a call option sweep with bullish sentiment. It expires in 120 day(s) on June 21, 2024. Parties traded 5301 contract(s) at a $15.00 strike. This particular call needed to be split into 36 different trades to become filled. The total cost received by the writing party (or parties) was $80.0K, with a price of $15.0 per contract. There were 20541 open contracts at this strike prior to today, and today 11448 contract(s) were bought and sold.
• Regarding FYBR (NASDAQ:FYBR), we observe a put option sweep with bearish sentiment. It expires in 22 day(s) on March 15, 2024. Parties traded 912 contract(s) at a $20.00 strike. This particular put needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $59.3K, with a price of $65.0 per contract. There were 7230 open contracts at this strike prior to today, and today 1467 contract(s) were bought and sold.
• Regarding GOOG (NASDAQ:GOOG), we observe a call option sweep with bullish sentiment. It expires in 15 day(s) on March 8, 2024. Parties traded 256 contract(s) at a $150.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $27.1K, with a price of $106.0 per contract. There were 1448 open contracts at this strike prior to today, and today 686 contract(s) were bought and sold.
• Regarding LBRDK (NASDAQ:LBRDK), we observe a call option sweep with bearish sentiment. It expires in 22 day(s) on March 15, 2024. Parties traded 45 contract(s) at a $55.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $27.9K, with a price of $620.0 per contract. There were 0 open contracts at this strike prior to today, and today 572 contract(s) were bought and sold.
• For TME (NYSE:TME), we notice a call option sweep that happens to be bullish, expiring in 239 day(s) on October 18, 2024. This event was a transfer of 280 contract(s) at a $12.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $25.2K, with a price of $90.0 per contract. There were 0 open contracts at this strike prior to today, and today 280 contract(s) were bought and sold.
• For EDR (NYSE:EDR), we notice a put option sweep that happens to be bullish, expiring in 22 day(s) on March 15, 2024. This event was a transfer of 250 contract(s) at a $24.00 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 $32.5K, with a price of $130.0 per contract. There were 5785 open contracts at this strike prior to today, and today 250 contract(s) were bought and sold.
• For ROKU (NASDAQ:ROKU), we notice a put option trade that happens to be bearish, expiring in 330 day(s) on January 17, 2025. This event was a transfer of 50 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $70.0K, with a price of $1400.0 per contract. There were 1085 open contracts at this strike prior to today, and today 145 contract(s) were bought and sold.
• For RBLX (NYSE:RBLX), we notice a put option sweep that happens to be neutral, expiring in 302 day(s) on December 20, 2024. This event was a transfer of 65 contract(s) at a $47.50 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $65.6K, with a price of $1010.0 per contract. There were 140 open contracts at this strike prior to today, and today 120 contract(s) were bought and sold.
• Regarding VZ (NYSE:VZ), we observe a call option trade with bearish sentiment. It expires in 484 day(s) on June 20, 2025. Parties traded 101 contract(s) at a $42.00 strike. The total cost received by the writing party (or parties) was $30.8K, with a price of $305.0 per contract. There were 1503 open contracts at this strike prior to today, and today 101 contract(s) were bought and sold.
• Regarding TTWO (NASDAQ:TTWO), we observe a put option sweep with bearish sentiment. It expires in 330 day(s) on January 17, 2025. Parties traded 52 contract(s) at a $135.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $41.0K, with a price of $790.0 per contract. There were 1310 open contracts at this strike prior to today, and today 65 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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