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 will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated 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 |
|---|---|---|---|---|---|---|---|---|
| XOM | CALL | TRADE | BEARISH | 05/17/24 | $115.00 | $41.2K | 17.8K | 2.8K |
| BP | PUT | TRADE | BEARISH | 01/17/25 | $35.00 | $401.9K | 14.5K | 2.0K |
| OXY | PUT | SWEEP | BULLISH | 04/12/24 | $58.00 | $28.6K | 1.7K | 1.7K |
| PR | CALL | SWEEP | BULLISH | 05/17/24 | $18.00 | $32.4K | 369 | 812 |
| STNG | CALL | SWEEP | BULLISH | 01/17/25 | $60.00 | $27.8K | 2.4K | 612 |
| APA | CALL | SWEEP | BEARISH | 05/17/24 | $35.00 | $37.2K | 1.7K | 444 |
| PBR | PUT | SWEEP | BEARISH | 07/19/24 | $13.00 | $25.8K | 1.5K | 418 |
| SFL | CALL | TRADE | BEARISH | 05/17/24 | $10.00 | $43.2K | 457 | 120 |
| MPC | CALL | TRADE | BULLISH | 05/17/24 | $180.00 | $30.6K | 342 | 13 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For XOM XOM, we notice a call option trade that happens to be bearish, expiring in 65 day(s) on May 17, 2024. This event was a transfer of 200 contract(s) at a $115.00 strike. The total cost received by the writing party (or parties) was $41.2K, with a price of $206.0 per contract. There were 17851 open contracts at this strike prior to today, and today 2818 contract(s) were bought and sold.
• Regarding BP BP, we observe a put option trade with bearish sentiment. It expires in 310 day(s) on January 17, 2025. Parties traded 2000 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $401.9K, with a price of $201.0 per contract. There were 14585 open contracts at this strike prior to today, and today 2011 contract(s) were bought and sold.
• For OXY OXY, we notice a put option sweep that happens to be bullish, expiring in 30 day(s) on April 12, 2024. This event was a transfer of 1100 contract(s) at a $58.00 strike. This particular put needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $28.6K, with a price of $26.0 per contract. There were 1707 open contracts at this strike prior to today, and today 1730 contract(s) were bought and sold.
• Regarding PR PR, we observe a call option sweep with bullish sentiment. It expires in 65 day(s) on May 17, 2024. Parties traded 812 contract(s) at a $18.00 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 $32.4K, with a price of $40.0 per contract. There were 369 open contracts at this strike prior to today, and today 812 contract(s) were bought and sold.
• For STNG STNG, we notice a call option sweep that happens to be bullish, expiring in 310 day(s) on January 17, 2025. This event was a transfer of 16 contract(s) at a $60.00 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 $27.8K, with a price of $1740.0 per contract. There were 2419 open contracts at this strike prior to today, and today 612 contract(s) were bought and sold.
• For APA APA, we notice a call option sweep that happens to be bearish, expiring in 65 day(s) on May 17, 2024. This event was a transfer of 355 contract(s) at a $35.00 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 $37.2K, with a price of $105.0 per contract. There were 1794 open contracts at this strike prior to today, and today 444 contract(s) were bought and sold.
• Regarding PBR PBR, we observe a put option sweep with bearish sentiment. It expires in 128 day(s) on July 19, 2024. Parties traded 417 contract(s) at a $13.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $25.8K, with a price of $62.0 per contract. There were 1579 open contracts at this strike prior to today, and today 418 contract(s) were bought and sold.
• For SFL SFL, we notice a call option trade that happens to be bearish, expiring in 65 day(s) on May 17, 2024. This event was a transfer of 120 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $43.2K, with a price of $360.0 per contract. There were 457 open contracts at this strike prior to today, and today 120 contract(s) were bought and sold.
• Regarding MPC MPC, we observe a call option trade with bullish sentiment. It expires in 65 day(s) on May 17, 2024. Parties traded 20 contract(s) at a $180.00 strike. The total cost received by the writing party (or parties) was $30.6K, with a price of $1530.0 per contract. There were 342 open contracts at this strike prior to today, and today 13 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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