27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Investors with a lot of money to spend have taken a bullish stance on Northrop Grumman (NYSE:NOC).
And retail traders should know.
We noticed this today when the positions 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 NOC, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 14 options trades for Northrop Grumman.
This isn't normal.
The overall sentiment of these big-money traders is split between 64% bullish and 35%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $25,500, and 13, calls, for a total amount of $757,873.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $440.0 to $500.0 for Northrop Grumman during the past quarter.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Northrop Grumman's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Northrop Grumman's whale activity within a strike price range from $440.0 to $500.0 in the last 30 days.
Northrop Grumman Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NOC | CALL | SWEEP | BEARISH | 01/17/25 | $58.2 | $56.8 | $56.8 | $440.00 | $227.2K | 67 | 0 |
| NOC | CALL | SWEEP | BEARISH | 08/16/24 | $14.1 | $14.0 | $14.0 | $490.00 | $92.4K | 1.5K | 63 |
| NOC | CALL | SWEEP | BULLISH | 05/17/24 | $8.1 | $8.0 | $7.9 | $480.00 | $71.9K | 142 | 90 |
| NOC | CALL | SWEEP | BULLISH | 04/19/24 | $1.7 | $1.65 | $1.65 | $480.00 | $56.6K | 287 | 1 |
| NOC | CALL | SWEEP | BEARISH | 06/21/24 | $9.0 | $8.8 | $8.8 | $490.00 | $44.0K | 346 | 182 |
About Northrop Grumman
Northrop Grumman is a diversified defense contractor providing aeronautics, defense, and space systems. The company's aerospace segment creates the fuselage for the massive F-35 program and produces autonomous and piloted aircraft such as Global Hawk drones and the new B-21 bomber. Defense systems makes artillery and missile ammunition and guidance systems, missile defense systems, and conducts maintenance and upgrades on numerous military aircraft. Mission systems creates and integrates a variety of radar, navigation, and communication systems for avionics, weapons control, and countermeasures on a range of platforms from helicopters to destroyers. Finally, space systems produces satellites, sensors, space structures, and manufactures long-range missiles and rocket motors.
Where Is Northrop Grumman Standing Right Now?
- With a trading volume of 638,991, the price of NOC is down by -0.14%, reaching $457.2.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 13 days from now.
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 Northrop Grumman, Benzinga Pro gives you real-time options trades alerts.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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