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 Autodesk. Our analysis of options history for Autodesk (NASDAQ:ADSK) revealed 13 unusual trades.
Delving into the details, we found 69% of traders were bullish, while 30% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $96,482, and 11 were calls, valued at $1,035,723.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $220.0 and $290.0 for Autodesk, spanning the last three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Autodesk options trades today is 376.75 with a total volume of 2,238.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Autodesk's big money trades within a strike price range of $220.0 to $290.0 over the last 30 days.
Autodesk 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ADSK | CALL | TRADE | BULLISH | 01/17/25 | $26.8 | $26.0 | $26.8 | $270.00 | $134.0K | 489 | 262 |
| ADSK | CALL | SWEEP | BULLISH | 01/17/25 | $26.5 | $25.8 | $26.4 | $270.00 | $132.8K | 489 | 212 |
| ADSK | CALL | SWEEP | BULLISH | 01/17/25 | $26.3 | $25.4 | $26.3 | $270.00 | $131.5K | 489 | 129 |
| ADSK | CALL | SWEEP | BULLISH | 01/17/25 | $25.8 | $24.8 | $25.8 | $270.00 | $126.4K | 489 | 80 |
| ADSK | CALL | TRADE | BULLISH | 01/17/25 | $26.3 | $25.9 | $26.3 | $270.00 | $123.6K | 489 | 314 |
About Autodesk
Founded in 1982, Autodesk is an application software company that serves industries in architecture, engineering, and construction; product design and manufacturing; and media and entertainment. Autodesk software enables design, modeling, and rendering needs of these industries. The company has over 4 million paid subscribers across 180 countries.
Autodesk's Current Market Status
- With a trading volume of 207,048, the price of ADSK is up by 1.01%, reaching $248.88.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 49 days from now.
Professional Analyst Ratings for Autodesk
2 market experts have recently issued ratings for this stock, with a consensus target price of $310.0.
- An analyst from Argus Research persists with their Buy rating on Autodesk, maintaining a target price of $300.
- An analyst from RBC Capital has revised its rating downward to Outperform, adjusting the price target to $320.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Autodesk options trades with real-time alerts from Benzinga Pro.
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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!