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.
Whales with a lot of money to spend have taken a noticeably bearish stance on Redfin.
Looking at options history for Redfin (NASDAQ:RDFN) we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 75% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $557,226 and 2, calls, for a total amount of $92,708.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $4.0 to $5.0 for Redfin over the last 3 months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Redfin stands at 7516.67, with a total volume reaching 12,963.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Redfin, situated within the strike price corridor from $4.0 to $5.0, throughout the last 30 days.
Redfin 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RDFN | PUT | TRADE | BEARISH | 01/16/26 | $1.85 | $0.05 | $1.85 | $5.00 | $370.0K | 15.9K | 0 |
| RDFN | CALL | TRADE | BULLISH | 01/16/26 | $3.1 | $3.0 | $3.08 | $5.00 | $61.6K | 5.3K | 200 |
| RDFN | PUT | TRADE | BEARISH | 01/16/26 | $1.85 | $1.8 | $1.86 | $5.00 | $45.1K | 15.9K | 4.0K |
| RDFN | PUT | SWEEP | BEARISH | 11/15/24 | $0.6 | $0.55 | $0.6 | $4.00 | $45.0K | 1.2K | 750 |
| RDFN | PUT | SWEEP | BEARISH | 01/16/26 | $1.9 | $0.95 | $1.8 | $5.00 | $44.0K | 15.9K | 2.7K |
About Redfin
Redfin Corp is a residential real estate broker. It pairs its agents with the technology to create a service that is faster and costs less. The company meets customers through a listings-search website and mobile application. The company uses the same combination of technology and local service to originate mortgage loans and offer title and settlement services. It has five operating segments and three reportable segments, real estate services, rentals, and mortgage. The company generates the majority of its revenue from Real estate services.
Following our analysis of the options activities associated with Redfin, we pivot to a closer look at the company's own performance.
Present Market Standing of Redfin
- Trading volume stands at 6,112,929, with RDFN's price down by -4.17%, positioned at $5.74.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 17 days.
What The Experts Say On Redfin
1 market experts have recently issued ratings for this stock, with a consensus target price of $6.75.
- An analyst from DA Davidson persists with their Neutral rating on Redfin, maintaining a target price of $6.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Redfin options trades with real-time alerts from Benzinga Pro.
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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