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.
Below are some instances of options activity happening in the Consumer Discretionary sector:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TSLA | PUT | SWEEP | BEARISH | 04/12/24 | $175.00 | $30.0K | 13.9K | 96.8K |
| W | CALL | TRADE | BEARISH | 04/12/24 | $70.00 | $38.5K | 1.2K | 11.7K |
| RSI | CALL | SWEEP | BULLISH | 05/17/24 | $5.00 | $45.3K | 7.1K | 1.0K |
| PDD | PUT | TRADE | BULLISH | 05/17/24 | $140.00 | $101.3K | 731 | 750 |
| SN | CALL | SWEEP | BULLISH | 09/20/24 | $60.00 | $38.2K | 5.3K | 687 |
| NCLH | CALL | SWEEP | BEARISH | 01/17/25 | $20.00 | $55.8K | 5.4K | 182 |
| AMZN | CALL | SWEEP | BEARISH | 06/21/24 | $170.00 | $31.4K | 10.2K | 178 |
| DKS | CALL | TRADE | BULLISH | 06/21/24 | $210.00 | $42.8K | 395 | 146 |
| ULTA | CALL | SWEEP | BEARISH | 01/17/25 | $600.00 | $35.0K | 352 | 92 |
| EXPE | PUT | SWEEP | BEARISH | 06/20/25 | $95.00 | $39.2K | 23 | 69 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For TSLA (NASDAQ:TSLA), we notice a put option sweep that happens to be bearish, expiring in 3 day(s) on April 12, 2024. This event was a transfer of 100 contract(s) at a $175.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $30.0K, with a price of $301.0 per contract. There were 13989 open contracts at this strike prior to today, and today 96874 contract(s) were bought and sold.
• Regarding W (NYSE:W), we observe a call option trade with bearish sentiment. It expires in 3 day(s) on April 12, 2024. Parties traded 770 contract(s) at a $70.00 strike. The total cost received by the writing party (or parties) was $38.5K, with a price of $50.0 per contract. There were 1279 open contracts at this strike prior to today, and today 11771 contract(s) were bought and sold.
• Regarding RSI (NYSE:RSI), we observe a call option sweep with bullish sentiment. It expires in 38 day(s) on May 17, 2024. Parties traded 189 contract(s) at a $5.00 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 $45.3K, with a price of $240.0 per contract. There were 7182 open contracts at this strike prior to today, and today 1001 contract(s) were bought and sold.
• Regarding PDD (NASDAQ:PDD), we observe a put option trade with bullish sentiment. It expires in 38 day(s) on May 17, 2024. Parties traded 50 contract(s) at a $140.00 strike. The total cost received by the writing party (or parties) was $101.3K, with a price of $2026.0 per contract. There were 731 open contracts at this strike prior to today, and today 750 contract(s) were bought and sold.
• Regarding SN (NYSE:SN), we observe a call option sweep with bullish sentiment. It expires in 164 day(s) on September 20, 2024. Parties traded 43 contract(s) at a $60.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $38.2K, with a price of $890.0 per contract. There were 5322 open contracts at this strike prior to today, and today 687 contract(s) were bought and sold.
• For NCLH (NYSE:NCLH), we notice a call option sweep that happens to be bearish, expiring in 283 day(s) on January 17, 2025. This event was a transfer of 180 contract(s) at a $20.00 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 $55.8K, with a price of $310.0 per contract. There were 5436 open contracts at this strike prior to today, and today 182 contract(s) were bought and sold.
• For AMZN (NASDAQ:AMZN), we notice a call option sweep that happens to be bearish, expiring in 73 day(s) on June 21, 2024. This event was a transfer of 15 contract(s) at a $170.00 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 $31.4K, with a price of $2095.0 per contract. There were 10276 open contracts at this strike prior to today, and today 178 contract(s) were bought and sold.
• For DKS (NYSE:DKS), we notice a call option trade that happens to be bullish, expiring in 73 day(s) on June 21, 2024. This event was a transfer of 34 contract(s) at a $210.00 strike. The total cost received by the writing party (or parties) was $42.8K, with a price of $1260.0 per contract. There were 395 open contracts at this strike prior to today, and today 146 contract(s) were bought and sold.
• For ULTA (NASDAQ:ULTA), we notice a call option sweep that happens to be bearish, expiring in 283 day(s) on January 17, 2025. This event was a transfer of 31 contract(s) at a $600.00 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 $35.0K, with a price of $1130.0 per contract. There were 352 open contracts at this strike prior to today, and today 92 contract(s) were bought and sold.
• Regarding EXPE (NASDAQ:EXPE), we observe a put option sweep with bearish sentiment. It expires in 437 day(s) on June 20, 2025. Parties traded 67 contract(s) at a $95.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $39.2K, with a price of $585.0 per contract. There were 23 open contracts at this strike prior to today, and today 69 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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