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.
Financial giants have made a conspicuous bullish move on Peabody Energy. Our analysis of options history for Peabody Energy (NYSE:BTU) revealed 8 unusual trades.
Delving into the details, we found 75% of traders were bullish, while 25% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $128,578, and 5 were calls, valued at $173,333.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $22.0 to $28.0 for Peabody Energy over the last 3 months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Peabody Energy stands at 1359.0, with a total volume reaching 2,095.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Peabody Energy, situated within the strike price corridor from $22.0 to $28.0, throughout the last 30 days.
Peabody Energy 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 |
|---|---|---|---|---|---|---|---|---|
| BTU | PUT | SWEEP | BULLISH | 10/18/24 | $25.00 | $62.1K | 408 | 411 |
| BTU | CALL | SWEEP | BULLISH | 10/18/24 | $27.00 | $49.2K | 377 | 886 |
| BTU | PUT | SWEEP | BULLISH | 07/19/24 | $28.00 | $40.9K | 1.5K | 1 |
| BTU | CALL | SWEEP | BEARISH | 10/18/24 | $27.00 | $38.1K | 377 | 470 |
| BTU | CALL | TRADE | NEUTRAL | 04/19/24 | $22.00 | $29.5K | 694 | 148 |
About Peabody Energy
Peabody Energy Corp is a producer of metallurgical and thermal coal. It also markets and brokers coal, both as principal and agent, and trades coal and freight-related contracts. The company operates in the following segment: Seaborne Thermal, Seaborne Metallurgical, Powder River Basin, Other U.S. Thermal and Corporate and Other. Powder River Basin segment generates the majority of the revenue for the company. A substantial part of its overall revenue is generated from its customers in the United States, and rest from Japan, China, Australia, Taiwan and other regions.
In light of the recent options history for Peabody Energy, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is Peabody Energy Standing Right Now?
- With a trading volume of 869,431, the price of BTU is up by 0.78%, reaching $24.6.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 35 days from now.
What The Experts Say On Peabody Energy
In the last month, 1 experts released ratings on this stock with an average target price of $34.0.
- Maintaining their stance, an analyst from B. Riley Securities continues to hold a Buy rating for Peabody Energy, targeting a price of $34.
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 Peabody Energy, 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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