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 |
---|---|---|---|---|---|---|---|---|
BA | CALL | TRADE | BEARISH | 05/17/24 | $200.00 | $62.5K | 35.4K | 9.0K |
LYFT | CALL | SWEEP | BEARISH | 01/17/25 | $20.00 | $35.0K | 5.9K | 2.0K |
NKLA | PUT | SWEEP | BULLISH | 01/17/25 | $10.00 | $483.1K | 298 | 1.0K |
ERJ | CALL | TRADE | NEUTRAL | 01/17/25 | $30.00 | $154.3K | 2.0K | 513 |
UPS | CALL | SWEEP | BULLISH | 06/21/24 | $165.00 | $40.3K | 1.1K | 433 |
VRT | CALL | TRADE | BEARISH | 03/22/24 | $78.00 | $45.9K | 432 | 231 |
UAL | CALL | SWEEP | NEUTRAL | 05/03/24 | $47.00 | $27.9K | 0 | 111 |
GE | CALL | TRADE | BEARISH | 03/28/24 | $150.00 | $33.5K | 445 | 67 |
SYM | CALL | TRADE | BULLISH | 01/16/26 | $85.00 | $41.0K | 567 | 47 |
UBER | PUT | TRADE | BEARISH | 12/18/26 | $80.00 | $33.3K | 176 | 20 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For BA BA, we notice a call option trade that happens to be bearish, expiring in 56 day(s) on May 17, 2024. This event was a transfer of 100 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $62.5K, with a price of $625.0 per contract. There were 35465 open contracts at this strike prior to today, and today 9055 contract(s) were bought and sold.
• Regarding LYFT LYFT, we observe a call option sweep with bearish sentiment. It expires in 301 day(s) on January 17, 2025. Parties traded 68 contract(s) at a $20.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $35.0K, with a price of $515.0 per contract. There were 5987 open contracts at this strike prior to today, and today 2022 contract(s) were bought and sold.
• For NKLA NKLA, we notice a put option sweep that happens to be bullish, expiring in 301 day(s) on January 17, 2025. This event was a transfer of 519 contract(s) at a $10.00 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 $483.1K, with a price of $931.0 per contract. There were 298 open contracts at this strike prior to today, and today 1085 contract(s) were bought and sold.
• Regarding ERJ ERJ, we observe a call option trade with neutral sentiment. It expires in 301 day(s) on January 17, 2025. Parties traded 498 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $154.3K, with a price of $310.0 per contract. There were 2039 open contracts at this strike prior to today, and today 513 contract(s) were bought and sold.
• For UPS UPS, we notice a call option sweep that happens to be bullish, expiring in 91 day(s) on June 21, 2024. This event was a transfer of 101 contract(s) at a $165.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $40.3K, with a price of $399.0 per contract. There were 1114 open contracts at this strike prior to today, and today 433 contract(s) were bought and sold.
• For VRT VRT, we notice a call option trade that happens to be bearish, is expiring today. Parties traded 100 contract(s) at a $78.00 strike. The total cost received by the writing party (or parties) was $45.9K, with a price of $460.0 per contract. There were 432 open contracts at this strike prior to today, and today 231 contract(s) were bought and sold.
• Regarding UAL UAL, we observe a call option sweep with neutral sentiment. It expires in 42 day(s) on May 3, 2024. Parties traded 111 contract(s) at a $47.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $27.9K, with a price of $251.0 per contract. There were 0 open contracts at this strike prior to today, and today 111 contract(s) were bought and sold.
• Regarding GE GE, we observe a call option trade with bearish sentiment. It expires in 6 day(s) on March 28, 2024. Parties traded 13 contract(s) at a $150.00 strike. The total cost received by the writing party (or parties) was $33.5K, with a price of $2580.0 per contract. There were 445 open contracts at this strike prior to today, and today 67 contract(s) were bought and sold.
• Regarding SYM SYM, we observe a call option trade with bullish sentiment. It expires in 665 day(s) on January 16, 2026. Parties traded 38 contract(s) at a $85.00 strike. The total cost received by the writing party (or parties) was $41.0K, with a price of $1080.0 per contract. There were 567 open contracts at this strike prior to today, and today 47 contract(s) were bought and sold.
• For UBER UBER, we notice a put option trade that happens to be bearish, expiring in 1001 day(s) on December 18, 2026. This event was a transfer of 20 contract(s) at a $80.00 strike. The total cost received by the writing party (or parties) was $33.3K, with a price of $1665.0 per contract. There were 176 open contracts at this strike prior to today, and today 20 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 about 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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