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 |
---|---|---|---|---|---|---|---|---|
SQ | CALL | TRADE | BEARISH | 03/15/24 | $75.00 | $32.3K | 22.4K | 5.3K |
USB | CALL | SWEEP | BULLISH | 09/20/24 | $52.50 | $25.2K | 503 | 724 |
C | PUT | SWEEP | BULLISH | 05/17/24 | $49.00 | $35.2K | 1.7K | 717 |
MS | PUT | SWEEP | BULLISH | 01/17/25 | $80.00 | $82.2K | 13.3K | 525 |
BAC | PUT | SWEEP | BULLISH | 04/19/24 | $34.00 | $33.0K | 10.3K | 501 |
HDB | PUT | TRADE | BEARISH | 12/20/24 | $50.00 | $106.0K | 1.9K | 402 |
LMND | CALL | TRADE | NEUTRAL | 03/08/24 | $16.00 | $27.5K | 32 | 300 |
KKR | PUT | SWEEP | BEARISH | 01/17/25 | $80.00 | $25.3K | 1.2K | 170 |
V | CALL | TRADE | BEARISH | 03/28/24 | $290.00 | $35.0K | 126 | 156 |
COIN | CALL | SWEEP | BEARISH | 03/15/24 | $155.00 | $29.2K | 1.1K | 76 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For SQ SQ, we notice a call option trade that happens to be bearish, expiring in 21 day(s) on March 15, 2024. This event was a transfer of 42 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $32.3K, with a price of $770.0 per contract. There were 22481 open contracts at this strike prior to today, and today 5384 contract(s) were bought and sold.
• Regarding USB USB, we observe a call option sweep with bullish sentiment. It expires in 210 day(s) on September 20, 2024. Parties traded 350 contract(s) at a $52.50 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $25.2K, with a price of $72.0 per contract. There were 503 open contracts at this strike prior to today, and today 724 contract(s) were bought and sold.
• Regarding C C, we observe a put option sweep with bullish sentiment. It expires in 84 day(s) on May 17, 2024. Parties traded 640 contract(s) at a $49.00 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 $35.2K, with a price of $55.0 per contract. There were 1784 open contracts at this strike prior to today, and today 717 contract(s) were bought and sold.
• For MS MS, we notice a put option sweep that happens to be bullish, expiring in 329 day(s) on January 17, 2025. This event was a transfer of 175 contract(s) at a $80.00 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $82.2K, with a price of $470.0 per contract. There were 13393 open contracts at this strike prior to today, and today 525 contract(s) were bought and sold.
• Regarding BAC BAC, we observe a put option sweep with bullish sentiment. It expires in 56 day(s) on April 19, 2024. Parties traded 250 contract(s) at a $34.00 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 $33.0K, with a price of $132.0 per contract. There were 10303 open contracts at this strike prior to today, and today 501 contract(s) were bought and sold.
• For HDB HDB, we notice a put option trade that happens to be bearish, expiring in 301 day(s) on December 20, 2024. This event was a transfer of 400 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $106.0K, with a price of $265.0 per contract. There were 1914 open contracts at this strike prior to today, and today 402 contract(s) were bought and sold.
• Regarding LMND LMND, we observe a call option trade with neutral sentiment. It expires in 14 day(s) on March 8, 2024. Parties traded 100 contract(s) at a $16.00 strike. The total cost received by the writing party (or parties) was $27.5K, with a price of $275.0 per contract. There were 32 open contracts at this strike prior to today, and today 300 contract(s) were bought and sold.
• Regarding KKR KKR, we observe a put option sweep with bearish sentiment. It expires in 329 day(s) on January 17, 2025. Parties traded 65 contract(s) at a $80.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $25.3K, with a price of $390.0 per contract. There were 1229 open contracts at this strike prior to today, and today 170 contract(s) were bought and sold.
• For V V, we notice a call option trade that happens to be bearish, expiring in 34 day(s) on March 28, 2024. This event was a transfer of 115 contract(s) at a $290.00 strike. The total cost received by the writing party (or parties) was $35.0K, with a price of $305.0 per contract. There were 126 open contracts at this strike prior to today, and today 156 contract(s) were bought and sold.
• For COIN COIN, we notice a call option sweep that happens to be bearish, expiring in 21 day(s) on March 15, 2024. This event was a transfer of 16 contract(s) at a $155.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $29.2K, with a price of $1825.0 per contract. There were 1197 open contracts at this strike prior to today, and today 76 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.
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