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 Health Care sector:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| UNH | CALL | TRADE | BULLISH | 04/19/24 | $460.00 | $28.1K | 580 | 917 |
| MRNA | CALL | SWEEP | BULLISH | 06/21/24 | $115.00 | $215.7K | 1.4K | 633 |
| TMDX | CALL | TRADE | BEARISH | 12/20/24 | $90.00 | $352.0K | 40 | 489 |
| ESTA | CALL | TRADE | BULLISH | 04/19/24 | $52.50 | $56.0K | 1.3K | 401 |
| NVCR | CALL | SWEEP | BULLISH | 04/19/24 | $12.50 | $35.0K | 1.3K | 374 |
| GILD | CALL | SWEEP | NEUTRAL | 01/16/26 | $82.50 | $32.4K | 325 | 351 |
| ABBV | CALL | TRADE | BEARISH | 01/17/25 | $195.00 | $85.0K | 1.0K | 251 |
| VKTX | PUT | SWEEP | BULLISH | 04/26/24 | $70.00 | $33.3K | 56 | 142 |
| INSP | PUT | SWEEP | BULLISH | 05/17/24 | $190.00 | $34.8K | 282 | 60 |
| CI | CALL | TRADE | BEARISH | 05/17/24 | $360.00 | $68.2K | 316 | 51 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding UNH (NYSE:UNH), we observe a call option trade with bullish sentiment. It expires in 16 day(s) on April 19, 2024. Parties traded 25 contract(s) at a $460.00 strike. The total cost received by the writing party (or parties) was $28.1K, with a price of $1125.0 per contract. There were 580 open contracts at this strike prior to today, and today 917 contract(s) were bought and sold.
• Regarding MRNA (NASDAQ:MRNA), we observe a call option sweep with bullish sentiment. It expires in 79 day(s) on June 21, 2024. Parties traded 500 contract(s) at a $115.00 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 $215.7K, with a price of $431.0 per contract. There were 1484 open contracts at this strike prior to today, and today 633 contract(s) were bought and sold.
• Regarding TMDX (NASDAQ:TMDX), we observe a call option trade with bearish sentiment. It expires in 261 day(s) on December 20, 2024. Parties traded 275 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $352.0K, with a price of $1280.0 per contract. There were 40 open contracts at this strike prior to today, and today 489 contract(s) were bought and sold.
• Regarding ESTA (NASDAQ:ESTA), we observe a call option trade with bullish sentiment. It expires in 16 day(s) on April 19, 2024. Parties traded 200 contract(s) at a $52.50 strike. The total cost received by the writing party (or parties) was $56.0K, with a price of $280.0 per contract. There were 1305 open contracts at this strike prior to today, and today 401 contract(s) were bought and sold.
• Regarding NVCR (NASDAQ:NVCR), we observe a call option sweep with bullish sentiment. It expires in 16 day(s) on April 19, 2024. Parties traded 176 contract(s) at a $12.50 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $35.0K, with a price of $196.0 per contract. There were 1307 open contracts at this strike prior to today, and today 374 contract(s) were bought and sold.
• For GILD (NASDAQ:GILD), we notice a call option sweep that happens to be neutral, expiring in 653 day(s) on January 16, 2026. This event was a transfer of 59 contract(s) at a $82.50 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $32.4K, with a price of $550.0 per contract. There were 325 open contracts at this strike prior to today, and today 351 contract(s) were bought and sold.
• For ABBV (NYSE:ABBV), we notice a call option trade that happens to be bearish, expiring in 289 day(s) on January 17, 2025. This event was a transfer of 125 contract(s) at a $195.00 strike. The total cost received by the writing party (or parties) was $85.0K, with a price of $680.0 per contract. There were 1037 open contracts at this strike prior to today, and today 251 contract(s) were bought and sold.
• Regarding VKTX (NASDAQ:VKTX), we observe a put option sweep with bullish sentiment. It expires in 23 day(s) on April 26, 2024. Parties traded 142 contract(s) at a $70.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $33.3K, with a price of $235.0 per contract. There were 56 open contracts at this strike prior to today, and today 142 contract(s) were bought and sold.
• For INSP (NYSE:INSP), we notice a put option sweep that happens to be bullish, expiring in 44 day(s) on May 17, 2024. This event was a transfer of 30 contract(s) at a $190.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $34.8K, with a price of $1160.0 per contract. There were 282 open contracts at this strike prior to today, and today 60 contract(s) were bought and sold.
• For CI (NYSE:CI), we notice a call option trade that happens to be bearish, expiring in 44 day(s) on May 17, 2024. This event was a transfer of 44 contract(s) at a $360.00 strike. The total cost received by the writing party (or parties) was $68.2K, with a price of $1550.0 per contract. There were 316 open contracts at this strike prior to today, and today 51 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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