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.
Investors with a lot of money to spend have taken a bearish stance on Monolithic Power Systems (NASDAQ:MPWR).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with MPWR, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 10 uncommon options trades for Monolithic Power Systems.
This isn't normal.
The overall sentiment of these big-money traders is split between 20% bullish and 80%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $127,477, and 7 are calls, for a total amount of $224,690.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $660.0 to $730.0 for Monolithic Power Systems over the last 3 months.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Monolithic Power Systems's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Monolithic Power Systems's significant trades, within a strike price range of $660.0 to $730.0, over the past month.
Monolithic Power Systems 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MPWR | PUT | SWEEP | BEARISH | 04/19/24 | $15.2 | $14.9 | $15.0 | $660.00 | $57.0K | 520 | 51 |
| MPWR | CALL | TRADE | BEARISH | 05/17/24 | $44.0 | $43.0 | $43.0 | $680.00 | $43.0K | 219 | 10 |
| MPWR | PUT | SWEEP | NEUTRAL | 04/19/24 | $16.6 | $15.5 | $16.5 | $660.00 | $41.2K | 520 | 90 |
| MPWR | CALL | SWEEP | NEUTRAL | 05/17/24 | $20.2 | $18.8 | $19.4 | $730.00 | $32.9K | 29 | 147 |
| MPWR | CALL | TRADE | BEARISH | 05/17/24 | $21.0 | $19.9 | $19.9 | $730.00 | $31.8K | 29 | 72 |
About Monolithic Power Systems
Monolithic Power Systems is an analog and mixed-signal chipmaker, specializing in power management solutions. The firm's mission is to reduce total energy consumption in end systems, and it serves the computing, automotive, industrial, communications, and consumer end markets. MPS uses a fabless manufacturing model, partnering with third-party chip foundries to host its proprietary BCD process technology.
In light of the recent options history for Monolithic Power Systems, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Monolithic Power Systems
- With a volume of 164,553, the price of MPWR is down -2.7% at $663.75.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 22 days.
Expert Opinions on Monolithic Power Systems
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $850.0.
- An analyst from Keybanc has decided to maintain their Overweight rating on Monolithic Power Systems, which currently sits at a price target of $850.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Monolithic Power Systems, Benzinga Pro gives you real-time options trades alerts.
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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