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 Financials sector:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|
C | CALL | TRADE | BEARISH | 02/09/24 | $59.00 | $93.0K | 618 | 6.8K |
JPM | CALL | SWEEP | BEARISH | 02/02/24 | $177.50 | $41.2K | 2.5K | 3.4K |
SOFI | CALL | SWEEP | BULLISH | 01/16/26 | $10.00 | $359.7K | 24.9K | 2.1K |
WFC | CALL | TRADE | BEARISH | 01/17/25 | $70.00 | $114.9K | 8.5K | 1.9K |
COIN | CALL | TRADE | NEUTRAL | 02/16/24 | $140.00 | $36.3K | 3.8K | 914 |
STWD | CALL | SWEEP | BULLISH | 09/20/24 | $19.00 | $34.0K | 2 | 339 |
BX | CALL | SWEEP | BULLISH | 09/20/24 | $135.00 | $74.8K | 91 | 315 |
ZION | PUT | SWEEP | BULLISH | 07/19/24 | $45.00 | $65.3K | 606 | 121 |
AXS | CALL | TRADE | NEUTRAL | 09/20/24 | $60.00 | $49.0K | 0 | 100 |
FCFS | CALL | TRADE | BULLISH | 02/16/24 | $100.00 | $25.2K | 103 | 49 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For C C, we notice a call option trade that happens to be bearish, expiring in 9 day(s) on February 9, 2024. This event was a transfer of 3000 contract(s) at a $59.00 strike. The total cost received by the writing party (or parties) was $93.0K, with a price of $31.0 per contract. There were 618 open contracts at this strike prior to today, and today 6892 contract(s) were bought and sold.
• Regarding JPM JPM, we observe a call option sweep with bearish sentiment. It expires in 2 day(s) on February 2, 2024. Parties traded 596 contract(s) at a $177.50 strike. This particular call needed to be split into 36 different trades to become filled. The total cost received by the writing party (or parties) was $41.2K, with a price of $69.0 per contract. There were 2519 open contracts at this strike prior to today, and today 3460 contract(s) were bought and sold.
• Regarding SOFI SOFI, we observe a call option sweep with bullish sentiment. It expires in 716 day(s) on January 16, 2026. Parties traded 1395 contract(s) at a $10.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $359.7K, with a price of $258.0 per contract. There were 24979 open contracts at this strike prior to today, and today 2192 contract(s) were bought and sold.
• Regarding WFC WFC, we observe a call option trade with bearish sentiment. It expires in 352 day(s) on January 17, 2025. Parties traded 1915 contract(s) at a $70.00 strike. The total cost received by the writing party (or parties) was $114.9K, with a price of $60.0 per contract. There were 8573 open contracts at this strike prior to today, and today 1915 contract(s) were bought and sold.
• Regarding COIN COIN, we observe a call option trade with neutral sentiment. It expires in 16 day(s) on February 16, 2024. Parties traded 50 contract(s) at a $140.00 strike. The total cost received by the writing party (or parties) was $36.3K, with a price of $727.0 per contract. There were 3840 open contracts at this strike prior to today, and today 914 contract(s) were bought and sold.
• Regarding STWD STWD, we observe a call option sweep with bullish sentiment. It expires in 233 day(s) on September 20, 2024. Parties traded 139 contract(s) at a $19.00 strike. This particular call needed to be split into 31 different trades to become filled. The total cost received by the writing party (or parties) was $34.0K, with a price of $245.0 per contract. There were 2 open contracts at this strike prior to today, and today 339 contract(s) were bought and sold.
• For BX BX, we notice a call option sweep that happens to be bullish, expiring in 233 day(s) on September 20, 2024. This event was a transfer of 85 contract(s) at a $135.00 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 $74.8K, with a price of $880.0 per contract. There were 91 open contracts at this strike prior to today, and today 315 contract(s) were bought and sold.
• Regarding ZION ZION, we observe a put option sweep with bullish sentiment. It expires in 170 day(s) on July 19, 2024. Parties traded 121 contract(s) at a $45.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $65.3K, with a price of $540.0 per contract. There were 606 open contracts at this strike prior to today, and today 121 contract(s) were bought and sold.
• Regarding AXS AXS, we observe a call option trade with neutral sentiment. It expires in 233 day(s) on September 20, 2024. Parties traded 100 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $49.0K, with a price of $490.0 per contract. There were 0 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold.
• For FCFS FCFS, we notice a call option trade that happens to be bullish, expiring in 16 day(s) on February 16, 2024. This event was a transfer of 14 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $25.2K, with a price of $1800.0 per contract. There were 103 open contracts at this strike prior to today, and today 49 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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.