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 Information Technology sector:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AMD | CALL | TRADE | NEUTRAL | 04/12/24 | $170.00 | $42.6K | 7.1K | 41.8K |
| NVDA | PUT | SWEEP | BEARISH | 04/12/24 | $850.00 | $25.8K | 10.7K | 34.6K |
| AAPL | PUT | SWEEP | BEARISH | 04/19/24 | $165.00 | $78.8K | 32.5K | 10.9K |
| MU | PUT | SWEEP | BEARISH | 04/12/24 | $120.00 | $119.7K | 2.6K | 4.9K |
| SMCI | CALL | SWEEP | BEARISH | 04/12/24 | $900.00 | $60.0K | 603 | 2.2K |
| MSFT | CALL | TRADE | BEARISH | 04/26/24 | $425.00 | $391.6K | 2.6K | 1.6K |
| ZS | PUT | TRADE | BEARISH | 06/20/25 | $135.00 | $203.6K | 22 | 1.2K |
| CSCO | CALL | TRADE | BULLISH | 06/21/24 | $47.50 | $45.6K | 7.8K | 1.1K |
| TEAM | PUT | SWEEP | BULLISH | 05/17/24 | $180.00 | $29.1K | 2.5K | 1.0K |
| INTC | CALL | TRADE | BULLISH | 05/03/24 | $38.00 | $45.3K | 415 | 632 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For AMD (NASDAQ:AMD), we notice a call option trade that happens to be neutral, expiring in 2 day(s) on April 12, 2024. This event was a transfer of 435 contract(s) at a $170.00 strike. The total cost received by the writing party (or parties) was $42.6K, with a price of $98.0 per contract. There were 7102 open contracts at this strike prior to today, and today 41802 contract(s) were bought and sold.
• Regarding NVDA (NASDAQ:NVDA), we observe a put option sweep with bearish sentiment. It expires in 2 day(s) on April 12, 2024. Parties traded 48 contract(s) at a $850.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $25.8K, with a price of $545.0 per contract. There were 10799 open contracts at this strike prior to today, and today 34657 contract(s) were bought and sold.
• Regarding AAPL (NASDAQ:AAPL), we observe a put option sweep with bearish sentiment. It expires in 9 day(s) on April 19, 2024. Parties traded 813 contract(s) at a $165.00 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 $78.8K, with a price of $97.0 per contract. There were 32577 open contracts at this strike prior to today, and today 10933 contract(s) were bought and sold.
• For MU (NASDAQ:MU), we notice a put option sweep that happens to be bearish, expiring in 2 day(s) on April 12, 2024. This event was a transfer of 905 contract(s) at a $120.00 strike. This particular put needed to be split into 29 different trades to become filled. The total cost received by the writing party (or parties) was $119.7K, with a price of $133.0 per contract. There were 2667 open contracts at this strike prior to today, and today 4937 contract(s) were bought and sold.
• For SMCI (NASDAQ:SMCI), we notice a call option sweep that happens to be bearish, expiring in 2 day(s) on April 12, 2024. This event was a transfer of 25 contract(s) at a $900.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $60.0K, with a price of $2400.0 per contract. There were 603 open contracts at this strike prior to today, and today 2240 contract(s) were bought and sold.
• Regarding MSFT (NASDAQ:MSFT), we observe a call option trade with bearish sentiment. It expires in 16 day(s) on April 26, 2024. Parties traded 512 contract(s) at a $425.00 strike. The total cost received by the writing party (or parties) was $391.6K, with a price of $765.0 per contract. There were 2696 open contracts at this strike prior to today, and today 1641 contract(s) were bought and sold.
• For ZS (NASDAQ:ZS), we notice a put option trade that happens to be bearish, expiring in 436 day(s) on June 20, 2025. This event was a transfer of 161 contract(s) at a $135.00 strike. The total cost received by the writing party (or parties) was $203.6K, with a price of $1265.0 per contract. There were 22 open contracts at this strike prior to today, and today 1219 contract(s) were bought and sold.
• For CSCO (NASDAQ:CSCO), we notice a call option trade that happens to be bullish, expiring in 72 day(s) on June 21, 2024. This event was a transfer of 145 contract(s) at a $47.50 strike. The total cost received by the writing party (or parties) was $45.6K, with a price of $315.0 per contract. There were 7880 open contracts at this strike prior to today, and today 1120 contract(s) were bought and sold.
• Regarding TEAM (NASDAQ:TEAM), we observe a put option sweep with bullish sentiment. It expires in 37 day(s) on May 17, 2024. Parties traded 53 contract(s) at a $180.00 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 $29.1K, with a price of $550.0 per contract. There were 2556 open contracts at this strike prior to today, and today 1090 contract(s) were bought and sold.
• Regarding INTC (NASDAQ:INTC), we observe a call option trade with bullish sentiment. It expires in 23 day(s) on May 3, 2024. Parties traded 300 contract(s) at a $38.00 strike. The total cost received by the writing party (or parties) was $45.3K, with a price of $151.0 per contract. There were 415 open contracts at this strike prior to today, and today 632 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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