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.
Here's the list of options activity happening in today's session:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TSLA | CALL | TRADE | BULLISH | 04/12/24 | $172.50 | $72.0K | 29.0K | 54.2K |
| JD | CALL | SWEEP | BEARISH | 01/17/25 | $40.00 | $64.0K | 33.5K | 1.5K |
| BABA | CALL | SWEEP | BULLISH | 05/17/24 | $75.00 | $42.0K | 17.9K | 924 |
| HAS | PUT | SWEEP | BEARISH | 05/17/24 | $50.00 | $41.7K | 4.0K | 636 |
| PDD | PUT | TRADE | BULLISH | 01/17/25 | $90.00 | $355.0K | 1.2K | 514 |
| RIVN | PUT | SWEEP | BULLISH | 07/19/24 | $10.00 | $54.0K | 8.8K | 360 |
| PLCE | CALL | SWEEP | BEARISH | 04/19/24 | $8.00 | $52.5K | 1 | 302 |
| DNUT | PUT | TRADE | BEARISH | 11/15/24 | $15.00 | $25.2K | 375 | 269 |
| CPS | CALL | SWEEP | BEARISH | 12/20/24 | $20.00 | $64.6K | 52 | 220 |
| AMZN | CALL | SWEEP | BULLISH | 08/16/24 | $200.00 | $47.7K | 2.6K | 148 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For TSLA (NASDAQ:TSLA), 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 150 contract(s) at a $172.50 strike. The total cost received by the writing party (or parties) was $72.0K, with a price of $480.0 per contract. There were 29059 open contracts at this strike prior to today, and today 54214 contract(s) were bought and sold.
• For JD (NASDAQ:JD), we notice a call option sweep that happens to be bearish, expiring in 284 day(s) on January 17, 2025. This event was a transfer of 500 contract(s) at a $40.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $64.0K, with a price of $128.0 per contract. There were 33581 open contracts at this strike prior to today, and today 1569 contract(s) were bought and sold.
• For BABA (NYSE:BABA), we notice a call option sweep that happens to be bullish, expiring in 39 day(s) on May 17, 2024. This event was a transfer of 200 contract(s) at a $75.00 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 $42.0K, with a price of $210.0 per contract. There were 17970 open contracts at this strike prior to today, and today 924 contract(s) were bought and sold.
• Regarding HAS (NASDAQ:HAS), we observe a put option sweep with bearish sentiment. It expires in 39 day(s) on May 17, 2024. Parties traded 541 contract(s) at a $50.00 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 $41.7K, with a price of $78.0 per contract. There were 4048 open contracts at this strike prior to today, and today 636 contract(s) were bought and sold.
• Regarding PDD (NASDAQ:PDD), we observe a put option trade with bullish sentiment. It expires in 284 day(s) on January 17, 2025. Parties traded 500 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $355.0K, with a price of $710.0 per contract. There were 1264 open contracts at this strike prior to today, and today 514 contract(s) were bought and sold.
• Regarding RIVN (NASDAQ:RIVN), we observe a put option sweep with bullish sentiment. It expires in 102 day(s) on July 19, 2024. Parties traded 360 contract(s) at a $10.00 strike. This particular put needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $54.0K, with a price of $150.0 per contract. There were 8866 open contracts at this strike prior to today, and today 360 contract(s) were bought and sold.
• Regarding PLCE (NASDAQ:PLCE), we observe a call option sweep with bearish sentiment. It expires in 11 day(s) on April 19, 2024. Parties traded 300 contract(s) at a $8.00 strike. This particular call needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $52.5K, with a price of $175.0 per contract. There were 1 open contracts at this strike prior to today, and today 302 contract(s) were bought and sold.
• Regarding DNUT (NASDAQ:DNUT), we observe a put option trade with bearish sentiment. It expires in 221 day(s) on November 15, 2024. Parties traded 126 contract(s) at a $15.00 strike. The total cost received by the writing party (or parties) was $25.2K, with a price of $200.0 per contract. There were 375 open contracts at this strike prior to today, and today 269 contract(s) were bought and sold.
• For CPS (NYSE:CPS), we notice a call option sweep that happens to be bearish, expiring in 256 day(s) on December 20, 2024. This event was a transfer of 170 contract(s) at a $20.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $64.6K, with a price of $380.0 per contract. There were 52 open contracts at this strike prior to today, and today 220 contract(s) were bought and sold.
• Regarding AMZN (NASDAQ:AMZN), we observe a call option sweep with bullish sentiment. It expires in 130 day(s) on August 16, 2024. Parties traded 50 contract(s) at a $200.00 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 $47.7K, with a price of $954.0 per contract. There were 2668 open contracts at this strike prior to today, and today 148 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.
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