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.
This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels.
Below are some instances of options activity happening in the Communication Services sector:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PARA | CALL | TRADE | BEARISH | 06/21/24 | $12.50 | $51.1K | 54.9K | 7.9K |
| DJT | PUT | TRADE | BULLISH | 09/20/24 | $30.00 | $67.0K | 2.3K | 1.1K |
| SE | CALL | SWEEP | BULLISH | 09/20/24 | $80.00 | $214.0K | 327 | 982 |
| TMUS | CALL | SWEEP | BEARISH | 05/17/24 | $165.00 | $26.9K | 12.6K | 682 |
| GOOG | PUT | SWEEP | BULLISH | 04/26/24 | $157.50 | $26.1K | 1.3K | 668 |
| META | CALL | TRADE | BULLISH | 05/03/24 | $500.00 | $27.1K | 969 | 509 |
| NFLX | CALL | TRADE | NEUTRAL | 05/10/24 | $585.00 | $54.8K | 525 | 321 |
| VZ | CALL | TRADE | BEARISH | 01/17/25 | $42.00 | $32.2K | 20.6K | 298 |
| TTD | CALL | TRADE | BULLISH | 07/19/24 | $87.50 | $30.7K | 397 | 75 |
| DIS | PUT | SWEEP | BEARISH | 01/16/26 | $100.00 | $40.2K | 5.7K | 50 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding PARA (NASDAQ:PARA), we observe a call option trade with bearish sentiment. It expires in 59 day(s) on June 21, 2024. Parties traded 306 contract(s) at a $12.50 strike. The total cost received by the writing party (or parties) was $51.1K, with a price of $167.0 per contract. There were 54934 open contracts at this strike prior to today, and today 7986 contract(s) were bought and sold.
• Regarding DJT (NASDAQ:DJT), we observe a put option trade with bullish sentiment. It expires in 150 day(s) on September 20, 2024. Parties traded 40 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $67.0K, with a price of $1676.0 per contract. There were 2341 open contracts at this strike prior to today, and today 1177 contract(s) were bought and sold.
• Regarding SE (NYSE:SE), we observe a call option sweep with bullish sentiment. It expires in 150 day(s) on September 20, 2024. Parties traded 481 contract(s) at a $80.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $214.0K, with a price of $445.0 per contract. There were 327 open contracts at this strike prior to today, and today 982 contract(s) were bought and sold.
• For TMUS (NASDAQ:TMUS), we notice a call option sweep that happens to be bearish, expiring in 24 day(s) on May 17, 2024. This event was a transfer of 101 contract(s) at a $165.00 strike. This particular call needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $26.9K, with a price of $267.0 per contract. There were 12656 open contracts at this strike prior to today, and today 682 contract(s) were bought and sold.
• For GOOG (NASDAQ:GOOG), we notice a put option sweep that happens to be bullish, expiring in 3 day(s) on April 26, 2024. This event was a transfer of 86 contract(s) at a $157.50 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $26.1K, with a price of $304.0 per contract. There were 1312 open contracts at this strike prior to today, and today 668 contract(s) were bought and sold.
• Regarding META (NASDAQ:META), we observe a call option trade with bullish sentiment. It expires in 10 day(s) on May 3, 2024. Parties traded 13 contract(s) at a $500.00 strike. The total cost received by the writing party (or parties) was $27.1K, with a price of $2090.0 per contract. There were 969 open contracts at this strike prior to today, and today 509 contract(s) were bought and sold.
• Regarding NFLX (NASDAQ:NFLX), we observe a call option trade with neutral sentiment. It expires in 17 day(s) on May 10, 2024. Parties traded 50 contract(s) at a $585.00 strike. The total cost received by the writing party (or parties) was $54.8K, with a price of $1096.0 per contract. There were 525 open contracts at this strike prior to today, and today 321 contract(s) were bought and sold.
• Regarding VZ (NYSE:VZ), we observe a call option trade with bearish sentiment. It expires in 269 day(s) on January 17, 2025. Parties traded 169 contract(s) at a $42.00 strike. The total cost received by the writing party (or parties) was $32.2K, with a price of $191.0 per contract. There were 20609 open contracts at this strike prior to today, and today 298 contract(s) were bought and sold.
• For TTD (NASDAQ:TTD), we notice a call option trade that happens to be bullish, expiring in 87 day(s) on July 19, 2024. This event was a transfer of 53 contract(s) at a $87.50 strike. The total cost received by the writing party (or parties) was $30.7K, with a price of $580.0 per contract. There were 397 open contracts at this strike prior to today, and today 75 contract(s) were bought and sold.
• For DIS (NYSE:DIS), we notice a put option sweep that happens to be bearish, expiring in 633 day(s) on January 16, 2026. This event was a transfer of 50 contract(s) at a $100.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $40.2K, with a price of $805.0 per contract. There were 5730 open contracts at this strike prior to today, and today 50 contract(s) were bought and sold.
Options Alert Terminology
- Call Contracts: The right to buy shares as indicated in the contract.
- Put Contracts: The right to sell shares as indicated in the contract.
- Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it.
- Premium/Option Price: The price of the contract.
For more information, visit our Guide to Understanding Options Alerts or read more about unusual options activity.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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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