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 Monolithic Power Systems.
Looking at options history for Monolithic Power Systems (NASDAQ:MPWR) we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 0% of the investors opened trades with bullish expectations and 100% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $642,700 and 3, calls, for a total amount of $431,660.
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 $600.0 to $680.0 for Monolithic Power Systems over the last 3 months.
Insights into Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Monolithic Power Systems's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Monolithic Power Systems's substantial trades, within a strike price spectrum from $600.0 to $680.0 over the preceding 30 days.
Monolithic Power Systems Option Volume And Open Interest Over 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MPWR | PUT | TRADE | BEARISH | 05/17/24 | $57.2 | $56.7 | $57.2 | $660.00 | $429.0K | 181 | 4 |
| MPWR | CALL | TRADE | BEARISH | 08/16/24 | $62.0 | $59.3 | $60.1 | $660.00 | $288.4K | 87 | 0 |
| MPWR | CALL | SWEEP | BEARISH | 07/19/24 | $38.1 | $36.9 | $36.9 | $680.00 | $81.1K | 29 | 7 |
| MPWR | PUT | SWEEP | BEARISH | 04/19/24 | $32.0 | $30.3 | $32.0 | $660.00 | $67.2K | 323 | 4 |
| MPWR | CALL | TRADE | BEARISH | 05/17/24 | $25.2 | $24.8 | $24.8 | $650.00 | $62.0K | 122 | 5 |
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.
Present Market Standing of Monolithic Power Systems
- Currently trading with a volume of 361,981, the MPWR's price is down by -2.05%, now at $624.64.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 13 days.
Professional Analyst Ratings for Monolithic Power Systems
In the last month, 1 experts released ratings on this stock with an average target price 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.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Monolithic Power Systems with Benzinga Pro for real-time 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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