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.
Financial giants have made a conspicuous bearish move on NexGen Energy. Our analysis of options history for NexGen Energy (NYSE:NXE) revealed 18 unusual trades.
Delving into the details, we found 38% of traders were bullish, while 44% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $763,280, and 13 were calls, valued at $582,196.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $7.0 to $10.0 for NexGen Energy during the past quarter.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of NexGen Energy stands at 14921.67, with a total volume reaching 71,293.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in NexGen Energy, situated within the strike price corridor from $7.0 to $10.0, throughout the last 30 days.
NexGen Energy Option Volume And Open Interest Over 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NXE | PUT | TRADE | BEARISH | 05/17/24 | $0.2 | $0.15 | $0.18 | $7.00 | $540.0K | 1.9K | 60.1K |
| NXE | PUT | SWEEP | BEARISH | 09/20/24 | $2.15 | $2.05 | $2.15 | $9.00 | $104.4K | 312 | 486 |
| NXE | CALL | SWEEP | BEARISH | 09/20/24 | $1.05 | $0.95 | $0.96 | $8.00 | $97.9K | 2.7K | 0 |
| NXE | CALL | SWEEP | BEARISH | 09/20/24 | $1.05 | $0.95 | $0.97 | $8.00 | $97.0K | 2.7K | 1.0K |
| NXE | CALL | SWEEP | NEUTRAL | 11/15/24 | $1.1 | $1.0 | $1.1 | $10.00 | $79.9K | 100.9K | 293 |
About NexGen Energy
NexGen Energy Ltd is a mineral exploration company. It is engaged in the acquisition, exploration, evaluation and development of uranium properties in Canada. The company's projects portfolio consists of ROOK I, and the IsoEnergy, at the Athabasca Basin. The Rook I property hosts the world-class Arrow Zone, the Bow discovery. as well as the discovered Harpoon area located northeast of the Arrow deposit.
In light of the recent options history for NexGen Energy, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of NexGen Energy
- With a volume of 5,565,254, the price of NXE is down -9.19% at $7.31.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 89 days.
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 NexGen Energy, 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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