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 often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels.
Below are some instances of options activity happening in the Information Technology sector:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AMD | CALL | SWEEP | BEARISH | 04/05/24 | $185.00 | $34.3K | 8.9K | 45.3K |
| AAPL | CALL | SWEEP | BULLISH | 04/05/24 | $170.00 | $39.7K | 9.7K | 37.5K |
| MU | CALL | SWEEP | BEARISH | 04/05/24 | $130.00 | $28.1K | 3.2K | 35.5K |
| NVDA | CALL | TRADE | BULLISH | 04/05/24 | $900.00 | $258.1K | 7.8K | 24.4K |
| SMCI | CALL | TRADE | BULLISH | 04/05/24 | $1100.00 | $26.1K | 1.1K | 7.3K |
| NOW | CALL | SWEEP | BULLISH | 04/05/24 | $800.00 | $87.3K | 311 | 3.0K |
| RIOT | CALL | SWEEP | BEARISH | 01/17/25 | $20.00 | $106.5K | 14.6K | 2.5K |
| ADBE | CALL | SWEEP | NEUTRAL | 06/21/24 | $550.00 | $147.5K | 5.2K | 1.8K |
| FSLR | CALL | SWEEP | BULLISH | 04/19/24 | $170.00 | $137.3K | 2.9K | 1.7K |
| ZS | PUT | TRADE | NEUTRAL | 08/16/24 | $165.00 | $840.0K | 36 | 1.0K |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For AMD (NASDAQ:AMD), we notice a call option sweep that happens to be bearish, expiring in 4 day(s) on April 5, 2024. This event was a transfer of 104 contract(s) at a $185.00 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 $34.3K, with a price of $330.0 per contract. There were 8955 open contracts at this strike prior to today, and today 45306 contract(s) were bought and sold.
• For AAPL (NASDAQ:AAPL), we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on April 5, 2024. This event was a transfer of 253 contract(s) at a $170.00 strike. This particular call needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $39.7K, with a price of $157.0 per contract. There were 9713 open contracts at this strike prior to today, and today 37533 contract(s) were bought and sold.
• Regarding MU (NASDAQ:MU), we observe a call option sweep with bearish sentiment. It expires in 4 day(s) on April 5, 2024. Parties traded 390 contract(s) at a $130.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $28.1K, with a price of $72.0 per contract. There were 3298 open contracts at this strike prior to today, and today 35584 contract(s) were bought and sold.
• For NVDA (NASDAQ:NVDA), we notice a call option trade that happens to be bullish, expiring in 4 day(s) on April 5, 2024. This event was a transfer of 148 contract(s) at a $900.00 strike. The total cost received by the writing party (or parties) was $258.1K, with a price of $1744.0 per contract. There were 7818 open contracts at this strike prior to today, and today 24468 contract(s) were bought and sold.
• Regarding SMCI (NASDAQ:SMCI), we observe a call option trade with bullish sentiment. It expires in 4 day(s) on April 5, 2024. Parties traded 18 contract(s) at a $1100.00 strike. The total cost received by the writing party (or parties) was $26.1K, with a price of $1450.0 per contract. There were 1112 open contracts at this strike prior to today, and today 7312 contract(s) were bought and sold.
• Regarding NOW (NYSE:NOW), we observe a call option sweep with bullish sentiment. It expires in 4 day(s) on April 5, 2024. Parties traded 402 contract(s) at a $800.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $87.3K, with a price of $215.0 per contract. There were 311 open contracts at this strike prior to today, and today 3001 contract(s) were bought and sold.
• For RIOT (NASDAQ:RIOT), we notice a call option sweep that happens to be bearish, expiring in 291 day(s) on January 17, 2025. This event was a transfer of 402 contract(s) at a $20.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $106.5K, with a price of $265.0 per contract. There were 14653 open contracts at this strike prior to today, and today 2564 contract(s) were bought and sold.
• For ADBE (NASDAQ:ADBE), we notice a call option sweep that happens to be neutral, expiring in 81 day(s) on June 21, 2024. This event was a transfer of 100 contract(s) at a $550.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $147.5K, with a price of $1475.0 per contract. There were 5251 open contracts at this strike prior to today, and today 1885 contract(s) were bought and sold.
• Regarding FSLR (NASDAQ:FSLR), we observe a call option sweep with bullish sentiment. It expires in 18 day(s) on April 19, 2024. Parties traded 187 contract(s) at a $170.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $137.3K, with a price of $740.0 per contract. There were 2936 open contracts at this strike prior to today, and today 1766 contract(s) were bought and sold.
• Regarding ZS (NASDAQ:ZS), we observe a put option trade with neutral sentiment. It expires in 137 day(s) on August 16, 2024. Parties traded 1000 contract(s) at a $165.00 strike. The total cost received by the writing party (or parties) was $840.0K, with a price of $840.0 per contract. There were 36 open contracts at this strike prior to today, and today 1000 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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