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.
Here's the list of options activity happening in today's session:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|
LMT | CALL | TRADE | BEARISH | 03/15/24 | $430.00 | $198.0K | 263 | 4.4K |
RTX | CALL | TRADE | BEARISH | 03/15/24 | $90.00 | $119.5K | 1.5K | 3.1K |
VRT | PUT | SWEEP | BULLISH | 02/09/24 | $49.00 | $39.1K | 55 | 1.9K |
BA | CALL | TRADE | BEARISH | 03/15/24 | $205.00 | $33.0K | 1.5K | 931 |
GE | PUT | TRADE | BULLISH | 02/02/24 | $131.00 | $33.4K | 1.4K | 327 |
DE | CALL | TRADE | BULLISH | 09/20/24 | $410.00 | $574.0K | 485 | 200 |
ARRY | CALL | SWEEP | BEARISH | 04/19/24 | $10.00 | $38.3K | 160 | 100 |
UBER | PUT | SWEEP | BULLISH | 03/15/24 | $60.00 | $39.3K | 4.2K | 84 |
NSC | CALL | TRADE | BULLISH | 06/21/24 | $260.00 | $37.2K | 611 | 81 |
CMI | CALL | SWEEP | BEARISH | 06/21/24 | $260.00 | $26.6K | 425 | 59 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding LMT LMT, we observe a call option trade with bearish sentiment. It expires in 46 day(s) on March 15, 2024. Parties traded 200 contract(s) at a $430.00 strike. The total cost received by the writing party (or parties) was $198.0K, with a price of $990.0 per contract. There were 263 open contracts at this strike prior to today, and today 4495 contract(s) were bought and sold.
• For RTX RTX, we notice a call option trade that happens to be bearish, expiring in 46 day(s) on March 15, 2024. This event was a transfer of 500 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $119.5K, with a price of $239.0 per contract. There were 1563 open contracts at this strike prior to today, and today 3121 contract(s) were bought and sold.
• Regarding VRT VRT, we observe a put option sweep with bullish sentiment. It expires in 11 day(s) on February 9, 2024. Parties traded 1949 contract(s) at a $49.00 strike. This particular put needed to be split into 55 different trades to become filled. The total cost received by the writing party (or parties) was $39.1K, with a price of $20.0 per contract. There were 55 open contracts at this strike prior to today, and today 1949 contract(s) were bought and sold.
• Regarding BA BA, we observe a call option trade with bearish sentiment. It expires in 46 day(s) on March 15, 2024. Parties traded 33 contract(s) at a $205.00 strike. The total cost received by the writing party (or parties) was $33.0K, with a price of $1000.0 per contract. There were 1532 open contracts at this strike prior to today, and today 931 contract(s) were bought and sold.
• For GE GE, we notice a put option trade that happens to be bullish, expiring in 4 day(s) on February 2, 2024. This event was a transfer of 200 contract(s) at a $131.00 strike. The total cost received by the writing party (or parties) was $33.4K, with a price of $167.0 per contract. There were 1457 open contracts at this strike prior to today, and today 327 contract(s) were bought and sold.
• For DE DE, we notice a call option trade that happens to be bullish, expiring in 235 day(s) on September 20, 2024. This event was a transfer of 200 contract(s) at a $410.00 strike. The total cost received by the writing party (or parties) was $574.0K, with a price of $2870.0 per contract. There were 485 open contracts at this strike prior to today, and today 200 contract(s) were bought and sold.
• For ARRY ARRY, we notice a call option sweep that happens to be bearish, expiring in 81 day(s) on April 19, 2024. This event was a transfer of 100 contract(s) at a $10.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $38.3K, with a price of $383.0 per contract. There were 160 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold.
• For UBER UBER, we notice a put option sweep that happens to be bullish, expiring in 46 day(s) on March 15, 2024. This event was a transfer of 298 contract(s) at a $60.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $39.3K, with a price of $132.0 per contract. There were 4229 open contracts at this strike prior to today, and today 84 contract(s) were bought and sold.
• For NSC NSC, we notice a call option trade that happens to be bullish, expiring in 144 day(s) on June 21, 2024. This event was a transfer of 81 contract(s) at a $260.00 strike. The total cost received by the writing party (or parties) was $37.2K, with a price of $460.0 per contract. There were 611 open contracts at this strike prior to today, and today 81 contract(s) were bought and sold.
• For CMI CMI, we notice a call option sweep that happens to be bearish, expiring in 144 day(s) on June 21, 2024. This event was a transfer of 46 contract(s) at a $260.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $26.6K, with a price of $580.0 per contract. There were 425 open contracts at this strike prior to today, and today 59 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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