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 bearish stance on Coupang (NYSE:CPNG).
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 CPNG, 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 30 uncommon options trades for Coupang.
This isn't normal.
The overall sentiment of these big-money traders is split between 30% bullish and 70%, bearish.
Out of all of the special options we uncovered, 8 are puts, for a total amount of $522,184, and 22 are calls, for a total amount of $1,380,495.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $10.0 to $35.0 for Coupang over the last 3 months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Coupang options trades today is 6142.9 with a total volume of 23,679.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Coupang's big money trades within a strike price range of $10.0 to $35.0 over the last 30 days.
Coupang Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CPNG | CALL | SWEEP | BEARISH | 01/16/26 | $14.0 | $13.4 | $13.44 | $10.00 | $178.4K | 718 | 0 |
| CPNG | PUT | SWEEP | BEARISH | 08/16/24 | $1.56 | $1.55 | $1.56 | $21.00 | $142.2K | 2.1K | 1.1K |
| CPNG | CALL | SWEEP | BEARISH | 05/17/24 | $1.41 | $1.27 | $1.27 | $22.50 | $135.8K | 82.3K | 1.1K |
| CPNG | CALL | SWEEP | BULLISH | 08/16/24 | $2.08 | $2.04 | $2.08 | $22.50 | $95.6K | 2.9K | 1.0K |
| CPNG | CALL | SWEEP | BULLISH | 08/16/24 | $2.08 | $2.05 | $2.08 | $22.50 | $89.8K | 2.9K | 187 |
About Coupang
Coupang Inc is an e-commerce company. It sells apparel, electronics, footwear, food products, furniture, nutritional supplements, and other products. Its segments include Product Commerce and Developing Offerings. The company generates maximum revenue from the Product Commerce segment. Product Commerce includes core retail (owned inventory) and marketplace offerings (third-party merchants) and Rocket Fresh, fresh grocery offering, as well as advertising products associated with these offerings.
Having examined the options trading patterns of Coupang, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of Coupang
- With a trading volume of 28,212,878, the price of CPNG is up by 1.6%, reaching $21.59.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 22 days from now.
Professional Analyst Ratings for Coupang
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $26.0.
- An analyst from Citigroup has elevated its stance to Buy, setting a new price target at $26.
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 Coupang, 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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