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 | BULLISH | 04/12/24 | $170.00 | $25.4K | 4.3K | 21.1K |
| NVDA | PUT | SWEEP | BULLISH | 04/12/24 | $875.00 | $65.8K | 2.8K | 13.4K |
| TSM | CALL | SWEEP | BEARISH | 05/17/24 | $160.00 | $54.1K | 18.8K | 6.9K |
| MU | CALL | TRADE | BULLISH | 01/17/25 | $185.00 | $756.2K | 2.3K | 1.2K |
| MRVL | PUT | TRADE | BULLISH | 04/19/24 | $67.00 | $25.5K | 1.8K | 1.1K |
| APP | CALL | SWEEP | BEARISH | 05/17/24 | $82.50 | $35.2K | 1.4K | 1.1K |
| AAPL | CALL | TRADE | BULLISH | 05/24/24 | $185.00 | $33.7K | 80 | 1.0K |
| SMCI | CALL | SWEEP | BULLISH | 04/12/24 | $900.00 | $152.0K | 159 | 719 |
| MSTR | CALL | TRADE | BULLISH | 04/12/24 | $1500.00 | $31.8K | 608 | 678 |
| AI | CALL | TRADE | BEARISH | 05/10/24 | $27.00 | $36.8K | 40 | 528 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For AMD (NASDAQ:AMD), we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on April 12, 2024. This event was a transfer of 66 contract(s) at a $170.00 strike. This particular call needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $25.4K, with a price of $385.0 per contract. There were 4374 open contracts at this strike prior to today, and today 21115 contract(s) were bought and sold.
• Regarding NVDA (NASDAQ:NVDA), we observe a put option sweep with bullish sentiment. It expires in 4 day(s) on April 12, 2024. Parties traded 40 contract(s) at a $875.00 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 $65.8K, with a price of $1645.0 per contract. There were 2823 open contracts at this strike prior to today, and today 13469 contract(s) were bought and sold.
• For TSM (NYSE:TSM), we notice a call option sweep that happens to be bearish, expiring in 39 day(s) on May 17, 2024. This event was a transfer of 164 contract(s) at a $160.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $54.1K, with a price of $330.0 per contract. There were 18810 open contracts at this strike prior to today, and today 6909 contract(s) were bought and sold.
• For MU (NASDAQ:MU), we notice a call option trade that happens to be bullish, expiring in 284 day(s) on January 17, 2025. This event was a transfer of 1250 contract(s) at a $185.00 strike. The total cost received by the writing party (or parties) was $756.2K, with a price of $605.0 per contract. There were 2310 open contracts at this strike prior to today, and today 1276 contract(s) were bought and sold.
• For MRVL (NASDAQ:MRVL), we notice a put option trade that happens to be bullish, expiring in 11 day(s) on April 19, 2024. This event was a transfer of 258 contract(s) at a $67.00 strike. The total cost received by the writing party (or parties) was $25.5K, with a price of $99.0 per contract. There were 1836 open contracts at this strike prior to today, and today 1126 contract(s) were bought and sold.
• For APP (NASDAQ:APP), we notice a call option sweep that happens to be bearish, expiring in 39 day(s) on May 17, 2024. This event was a transfer of 80 contract(s) at a $82.50 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 $35.2K, with a price of $440.0 per contract. There were 1421 open contracts at this strike prior to today, and today 1108 contract(s) were bought and sold.
• For AAPL (NASDAQ:AAPL), we notice a call option trade that happens to be bullish, expiring in 46 day(s) on May 24, 2024. This event was a transfer of 310 contract(s) at a $185.00 strike. The total cost received by the writing party (or parties) was $33.7K, with a price of $109.0 per contract. There were 80 open contracts at this strike prior to today, and today 1023 contract(s) were bought and sold.
• For SMCI (NASDAQ:SMCI), we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on April 12, 2024. This event was a transfer of 40 contract(s) at a $900.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $152.0K, with a price of $3800.0 per contract. There were 159 open contracts at this strike prior to today, and today 719 contract(s) were bought and sold.
• Regarding MSTR (NASDAQ:MSTR), we observe a call option trade with bullish sentiment. It expires in 4 day(s) on April 12, 2024. Parties traded 3 contract(s) at a $1500.00 strike. The total cost received by the writing party (or parties) was $31.8K, with a price of $10605.0 per contract. There were 608 open contracts at this strike prior to today, and today 678 contract(s) were bought and sold.
• Regarding AI (NYSE:AI), we observe a call option trade with bearish sentiment. It expires in 32 day(s) on May 10, 2024. Parties traded 400 contract(s) at a $27.00 strike. The total cost received by the writing party (or parties) was $36.8K, with a price of $92.0 per contract. There were 40 open contracts at this strike prior to today, and today 528 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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