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 |
---|---|---|---|---|---|---|---|---|
COIN | CALL | TRADE | BULLISH | 03/22/24 | $257.50 | $48.4K | 323 | 16.1K |
PGR | CALL | SWEEP | BEARISH | 05/17/24 | $210.00 | $149.4K | 630 | 4.4K |
BANC | PUT | SWEEP | BULLISH | 12/20/24 | $10.00 | $30.7K | 4.4K | 1.5K |
COF | PUT | SWEEP | BEARISH | 03/22/24 | $136.00 | $65.5K | 62 | 488 |
V | CALL | TRADE | BULLISH | 03/15/24 | $275.00 | $42.5K | 2.9K | 224 |
RILY | PUT | TRADE | BEARISH | 01/17/25 | $20.00 | $150.4K | 1.0K | 150 |
SCHW | PUT | SWEEP | BEARISH | 12/20/24 | $67.50 | $40.3K | 283 | 75 |
SQ | PUT | TRADE | BEARISH | 05/17/24 | $80.00 | $820.8K | 2.1K | 22 |
MA | PUT | SWEEP | BULLISH | 06/21/24 | $480.00 | $28.5K | 372 | 18 |
FUTU | PUT | TRADE | BULLISH | 03/15/24 | $61.00 | $30.0K | 217 | 8 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For COIN COIN, we notice a call option trade that happens to be bullish, expiring in 7 day(s) on March 22, 2024. This event was a transfer of 100 contract(s) at a $257.50 strike. The total cost received by the writing party (or parties) was $48.4K, with a price of $485.0 per contract. There were 323 open contracts at this strike prior to today, and today 16167 contract(s) were bought and sold.
• For PGR PGR, we notice a call option sweep that happens to be bearish, expiring in 63 day(s) on May 17, 2024. This event was a transfer of 180 contract(s) at a $210.00 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 $149.4K, with a price of $830.0 per contract. There were 630 open contracts at this strike prior to today, and today 4407 contract(s) were bought and sold.
• For BANC BANC, we notice a put option sweep that happens to be bullish, expiring in 280 day(s) on December 20, 2024. This event was a transfer of 472 contract(s) at a $10.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $30.7K, with a price of $65.0 per contract. There were 4447 open contracts at this strike prior to today, and today 1542 contract(s) were bought and sold.
• Regarding COF COF, we observe a put option sweep with bearish sentiment. It expires in 7 day(s) on March 22, 2024. Parties traded 452 contract(s) at a $136.00 strike. This particular put needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $65.5K, with a price of $145.0 per contract. There were 62 open contracts at this strike prior to today, and today 488 contract(s) were bought and sold.
• For V V, we notice a call option trade that happens to be bullish, is expiring today. Parties traded 50 contract(s) at a $275.00 strike. The total cost received by the writing party (or parties) was $42.5K, with a price of $850.0 per contract. There were 2988 open contracts at this strike prior to today, and today 224 contract(s) were bought and sold.
• Regarding RILY RILY, we observe a put option trade with bearish sentiment. It expires in 308 day(s) on January 17, 2025. Parties traded 149 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $150.4K, with a price of $1010.0 per contract. There were 1048 open contracts at this strike prior to today, and today 150 contract(s) were bought and sold.
• For SCHW SCHW, we notice a put option sweep that happens to be bearish, expiring in 280 day(s) on December 20, 2024. This event was a transfer of 65 contract(s) at a $67.50 strike. This particular put needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $40.3K, with a price of $620.0 per contract. There were 283 open contracts at this strike prior to today, and today 75 contract(s) were bought and sold.
• Regarding SQ SQ, we observe a put option trade with bearish sentiment. It expires in 63 day(s) on May 17, 2024. Parties traded 1200 contract(s) at a $80.00 strike. The total cost received by the writing party (or parties) was $820.8K, with a price of $684.0 per contract. There were 2156 open contracts at this strike prior to today, and today 22 contract(s) were bought and sold.
• Regarding MA MA, we observe a put option sweep with bullish sentiment. It expires in 98 day(s) on June 21, 2024. Parties traded 15 contract(s) at a $480.00 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 $28.5K, with a price of $1900.0 per contract. There were 372 open contracts at this strike prior to today, and today 18 contract(s) were bought and sold.
• For FUTU FUTU, we notice a put option trade that happens to be bullish, is expiring today. Parties traded 50 contract(s) at a $61.00 strike. The total cost received by the writing party (or parties) was $30.0K, with a price of $600.0 per contract. There were 217 open contracts at this strike prior to today, and today 8 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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