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 will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated 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 |
|---|---|---|---|---|---|---|---|---|
| NVDA | CALL | TRADE | BULLISH | 04/12/24 | $850.00 | $48.8K | 2.7K | 32.0K |
| INTC | CALL | SWEEP | BEARISH | 04/12/24 | $38.00 | $31.5K | 2.2K | 19.0K |
| AMD | PUT | SWEEP | BULLISH | 04/19/24 | $170.00 | $42.7K | 16.2K | 8.8K |
| RIOT | CALL | SWEEP | BEARISH | 09/20/24 | $8.00 | $36.5K | 3.1K | 713 |
| CSCO | PUT | SWEEP | BULLISH | 01/17/25 | $47.50 | $34.6K | 7.1K | 696 |
| HCP | CALL | TRADE | NEUTRAL | 04/19/24 | $26.00 | $70.6K | 1.3K | 618 |
| HUBS | CALL | TRADE | BEARISH | 12/19/25 | $1000.00 | $58.5K | 0 | 577 |
| MSFT | CALL | SWEEP | NEUTRAL | 04/26/24 | $425.00 | $27.1K | 2.5K | 524 |
| SNOW | PUT | SWEEP | BEARISH | 04/19/24 | $152.50 | $36.9K | 471 | 445 |
| AAPL | PUT | SWEEP | BULLISH | 03/21/25 | $165.00 | $248.5K | 8.0K | 432 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding NVDA (NASDAQ:NVDA), we observe a call option trade with bullish sentiment. It expires in 3 day(s) on April 12, 2024. Parties traded 40 contract(s) at a $850.00 strike. The total cost received by the writing party (or parties) was $48.8K, with a price of $1220.0 per contract. There were 2799 open contracts at this strike prior to today, and today 32076 contract(s) were bought and sold.
• Regarding INTC (NASDAQ:INTC), we observe a call option sweep with bearish sentiment. It expires in 3 day(s) on April 12, 2024. Parties traded 500 contract(s) at a $38.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $31.5K, with a price of $63.0 per contract. There were 2204 open contracts at this strike prior to today, and today 19001 contract(s) were bought and sold.
• Regarding AMD (NASDAQ:AMD), we observe a put option sweep with bullish sentiment. It expires in 10 day(s) on April 19, 2024. Parties traded 77 contract(s) at a $170.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $42.7K, with a price of $555.0 per contract. There were 16282 open contracts at this strike prior to today, and today 8869 contract(s) were bought and sold.
• Regarding RIOT (NASDAQ:RIOT), we observe a call option sweep with bearish sentiment. It expires in 164 day(s) on September 20, 2024. Parties traded 100 contract(s) at a $8.00 strike. This particular call needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $36.5K, with a price of $365.0 per contract. There were 3155 open contracts at this strike prior to today, and today 713 contract(s) were bought and sold.
• Regarding CSCO (NASDAQ:CSCO), we observe a put option sweep with bullish sentiment. It expires in 283 day(s) on January 17, 2025. Parties traded 142 contract(s) at a $47.50 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $34.6K, with a price of $244.0 per contract. There were 7163 open contracts at this strike prior to today, and today 696 contract(s) were bought and sold.
• For HCP (NASDAQ:HCP), we notice a call option trade that happens to be neutral, expiring in 10 day(s) on April 19, 2024. This event was a transfer of 614 contract(s) at a $26.00 strike. The total cost received by the writing party (or parties) was $70.6K, with a price of $115.0 per contract. There were 1349 open contracts at this strike prior to today, and today 618 contract(s) were bought and sold.
• For HUBS (NYSE:HUBS), we notice a call option trade that happens to be bearish, expiring in 619 day(s) on December 19, 2025. This event was a transfer of 24 contract(s) at a $1000.00 strike. The total cost received by the writing party (or parties) was $58.5K, with a price of $2440.0 per contract. There were 0 open contracts at this strike prior to today, and today 577 contract(s) were bought and sold.
• Regarding MSFT (NASDAQ:MSFT), we observe a call option sweep with neutral sentiment. It expires in 17 day(s) on April 26, 2024. Parties traded 27 contract(s) at a $425.00 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 $27.1K, with a price of $1005.0 per contract. There were 2512 open contracts at this strike prior to today, and today 524 contract(s) were bought and sold.
• For SNOW (NYSE:SNOW), we notice a put option sweep that happens to be bearish, expiring in 10 day(s) on April 19, 2024. This event was a transfer of 150 contract(s) at a $152.50 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $36.9K, with a price of $246.0 per contract. There were 471 open contracts at this strike prior to today, and today 445 contract(s) were bought and sold.
• Regarding AAPL (NASDAQ:AAPL), we observe a put option sweep with bullish sentiment. It expires in 346 day(s) on March 21, 2025. Parties traded 228 contract(s) at a $165.00 strike. This particular put needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $248.5K, with a price of $1090.0 per contract. There were 8027 open contracts at this strike prior to today, and today 432 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.
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!