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 Financials sector:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| NU | PUT | TRADE | BULLISH | 01/17/25 | $10.00 | $175.0K | 8.3K | 2.5K |
| FOUR | PUT | TRADE | BEARISH | 06/21/24 | $67.50 | $1.3 million | 1.7K | 2.0K |
| WFC | PUT | TRADE | BEARISH | 01/17/25 | $57.50 | $81.6K | 4.2K | 1.1K |
| AMRK | CALL | SWEEP | BULLISH | 09/20/24 | $40.00 | $53.3K | 739 | 831 |
| BAC | PUT | TRADE | BULLISH | 01/17/25 | $35.00 | $116.2K | 43.8K | 617 |
| BX | PUT | TRADE | BEARISH | 01/17/25 | $120.00 | $57.6K | 2.5K | 603 |
| COIN | CALL | TRADE | BULLISH | 04/12/24 | $245.00 | $42.1K | 421 | 515 |
| HOOD | CALL | SWEEP | BEARISH | 08/16/24 | $20.00 | $27.0K | 14.0K | 264 |
| AXP | PUT | TRADE | BEARISH | 04/19/24 | $220.00 | $31.4K | 1.9K | 261 |
| SOFI | CALL | TRADE | BEARISH | 09/19/25 | $15.00 | $26.4K | 446 | 241 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For NU (NYSE:NU), we notice a put option trade that happens to be bullish, expiring in 284 day(s) on January 17, 2025. This event was a transfer of 2500 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $175.0K, with a price of $70.0 per contract. There were 8322 open contracts at this strike prior to today, and today 2500 contract(s) were bought and sold.
• For FOUR (NYSE:FOUR), we notice a put option trade that happens to be bearish, expiring in 74 day(s) on June 21, 2024. This event was a transfer of 2000 contract(s) at a $67.50 strike. The total cost received by the writing party (or parties) was $1.3 million, with a price of $663.0 per contract. There were 1781 open contracts at this strike prior to today, and today 2000 contract(s) were bought and sold.
• Regarding WFC (NYSE:WFC), we observe a put option trade with bearish sentiment. It expires in 284 day(s) on January 17, 2025. Parties traded 170 contract(s) at a $57.50 strike. The total cost received by the writing party (or parties) was $81.6K, with a price of $480.0 per contract. There were 4221 open contracts at this strike prior to today, and today 1134 contract(s) were bought and sold.
• Regarding AMRK (NASDAQ:AMRK), we observe a call option sweep with bullish sentiment. It expires in 165 day(s) on September 20, 2024. Parties traded 124 contract(s) at a $40.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $53.3K, with a price of $430.0 per contract. There were 739 open contracts at this strike prior to today, and today 831 contract(s) were bought and sold.
• For BAC (NYSE:BAC), we notice a put option trade that happens to be bullish, expiring in 284 day(s) on January 17, 2025. This event was a transfer of 570 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $116.2K, with a price of $204.0 per contract. There were 43899 open contracts at this strike prior to today, and today 617 contract(s) were bought and sold.
• Regarding BX (NYSE:BX), we observe a put option trade with bearish sentiment. It expires in 284 day(s) on January 17, 2025. Parties traded 61 contract(s) at a $120.00 strike. The total cost received by the writing party (or parties) was $57.6K, with a price of $945.0 per contract. There were 2596 open contracts at this strike prior to today, and today 603 contract(s) were bought and sold.
• For COIN (NASDAQ:COIN), we notice a call option trade that happens to be bullish, expiring in 4 day(s) on April 12, 2024. This event was a transfer of 25 contract(s) at a $245.00 strike. The total cost received by the writing party (or parties) was $42.1K, with a price of $1687.0 per contract. There were 421 open contracts at this strike prior to today, and today 515 contract(s) were bought and sold.
• Regarding HOOD (NASDAQ:HOOD), we observe a call option sweep with bearish sentiment. It expires in 130 day(s) on August 16, 2024. Parties traded 100 contract(s) at a $20.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $27.0K, with a price of $270.0 per contract. There were 14037 open contracts at this strike prior to today, and today 264 contract(s) were bought and sold.
• Regarding AXP (NYSE:AXP), we observe a put option trade with bearish sentiment. It expires in 11 day(s) on April 19, 2024. Parties traded 67 contract(s) at a $220.00 strike. The total cost received by the writing party (or parties) was $31.4K, with a price of $470.0 per contract. There were 1977 open contracts at this strike prior to today, and today 261 contract(s) were bought and sold.
• For SOFI (NASDAQ:SOFI), we notice a call option trade that happens to be bearish, expiring in 529 day(s) on September 19, 2025. This event was a transfer of 240 contract(s) at a $15.00 strike. The total cost received by the writing party (or parties) was $26.4K, with a price of $110.0 per contract. There were 446 open contracts at this strike prior to today, and today 241 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 about 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.
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!