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 |
---|---|---|---|---|---|---|---|---|
C | CALL | TRADE | BULLISH | 01/17/25 | $60.00 | $45.0K | 51.7K | 15.8K |
HOOD | CALL | SWEEP | BEARISH | 06/21/24 | $20.00 | $27.1K | 16.6K | 1.5K |
MS | CALL | SWEEP | BULLISH | 04/19/24 | $95.00 | $36.8K | 4.7K | 1.0K |
COIN | CALL | SWEEP | BEARISH | 03/15/24 | $160.00 | $113.0K | 3.5K | 487 |
RILY | PUT | SWEEP | BEARISH | 03/15/24 | $20.00 | $94.3K | 10.7K | 416 |
AFRM | CALL | TRADE | BEARISH | 02/23/24 | $49.00 | $64.1K | 118 | 243 |
GS | CALL | SWEEP | BULLISH | 02/09/24 | $380.00 | $29.7K | 280 | 159 |
WFC | CALL | TRADE | BULLISH | 01/17/25 | $50.00 | $30.5K | 17.0K | 100 |
JPM | CALL | SWEEP | BEARISH | 01/16/26 | $170.00 | $118.0K | 196 | 52 |
AXP | PUT | TRADE | BULLISH | 10/18/24 | $200.00 | $44.4K | 44 | 36 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For C C, we notice a call option trade that happens to be bullish, expiring in 353 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $45.0K, with a price of $450.0 per contract. There were 51733 open contracts at this strike prior to today, and today 15882 contract(s) were bought and sold.
• Regarding HOOD HOOD, we observe a call option sweep with bearish sentiment. It expires in 143 day(s) on June 21, 2024. Parties traded 1499 contract(s) at a $20.00 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 $27.1K, with a price of $18.0 per contract. There were 16658 open contracts at this strike prior to today, and today 1505 contract(s) were bought and sold.
• For MS MS, we notice a call option sweep that happens to be bullish, expiring in 80 day(s) on April 19, 2024. This event was a transfer of 271 contract(s) at a $95.00 strike. This particular call needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $36.8K, with a price of $136.0 per contract. There were 4706 open contracts at this strike prior to today, and today 1060 contract(s) were bought and sold.
• Regarding COIN COIN, we observe a call option sweep with bearish sentiment. It expires in 45 day(s) on March 15, 2024. Parties traded 200 contract(s) at a $160.00 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 $113.0K, with a price of $565.0 per contract. There were 3542 open contracts at this strike prior to today, and today 487 contract(s) were bought and sold.
• Regarding RILY RILY, we observe a put option sweep with bearish sentiment. It expires in 45 day(s) on March 15, 2024. Parties traded 242 contract(s) at a $20.00 strike. This particular put needed to be split into 33 different trades to become filled. The total cost received by the writing party (or parties) was $94.3K, with a price of $390.0 per contract. There were 10779 open contracts at this strike prior to today, and today 416 contract(s) were bought and sold.
• Regarding AFRM AFRM, we observe a call option trade with bearish sentiment. It expires in 24 day(s) on February 23, 2024. Parties traded 230 contract(s) at a $49.00 strike. The total cost received by the writing party (or parties) was $64.1K, with a price of $279.0 per contract. There were 118 open contracts at this strike prior to today, and today 243 contract(s) were bought and sold.
• For GS GS, we notice a call option sweep that happens to be bullish, expiring in 10 day(s) on February 9, 2024. This event was a transfer of 37 contract(s) at a $380.00 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 $29.7K, with a price of $805.0 per contract. There were 280 open contracts at this strike prior to today, and today 159 contract(s) were bought and sold.
• For WFC WFC, we notice a call option trade that happens to be bullish, expiring in 353 day(s) on January 17, 2025. This event was a transfer of 50 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $30.5K, with a price of $610.0 per contract. There were 17057 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold.
• Regarding JPM JPM, we observe a call option sweep with bearish sentiment. It expires in 717 day(s) on January 16, 2026. Parties traded 43 contract(s) at a $170.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $118.0K, with a price of $2745.0 per contract. There were 196 open contracts at this strike prior to today, and today 52 contract(s) were bought and sold.
• Regarding AXP AXP, we observe a put option trade with bullish sentiment. It expires in 262 day(s) on October 18, 2024. Parties traded 36 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $44.4K, with a price of $1235.0 per contract. There were 44 open contracts at this strike prior to today, and today 36 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 news on 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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