10 Financials Stocks Whale Activity In Today's Session

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.

Below are some instances of options activity happening in the Financials sector:

Explanation

These bullet-by-bullet explanations have been constructed using the accompanying table.

• Regarding C C, we observe a call option sweep with bearish sentiment. It expires in 178 day(s) on September 20, 2024. Parties traded 599 contract(s) at a $60.00 strike. This particular call needed to be split into 26 different trades to become filled. The total cost received by the writing party (or parties) was $335.4K, with a price of $560.0 per contract. There were 23242 open contracts at this strike prior to today, and today 2632 contract(s) were bought and sold.

• Regarding PYPL PYPL, we observe a call option sweep with bearish sentiment. It expires in 661 day(s) on January 16, 2026. Parties traded 300 contract(s) at a $62.50 strike. This particular call needed to be split into 29 different trades to become filled. The total cost received by the writing party (or parties) was $576.0K, with a price of $1920.0 per contract. There were 4743 open contracts at this strike prior to today, and today 2581 contract(s) were bought and sold.

• For COIN COIN, we notice a call option sweep that happens to be bullish, expiring in 2 day(s) on March 28, 2024. This event was a transfer of 75 contract(s) at a $285.00 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 $41.2K, with a price of $550.0 per contract. There were 1185 open contracts at this strike prior to today, and today 2518 contract(s) were bought and sold.

• For MS MS, we notice a call option trade that happens to be bearish, expiring in 87 day(s) on June 21, 2024. This event was a transfer of 2000 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $268.0K, with a price of $134.0 per contract. There were 11029 open contracts at this strike prior to today, and today 2017 contract(s) were bought and sold.

• Regarding HOOD HOOD, we observe a call option trade with bearish sentiment. It expires in 87 day(s) on June 21, 2024. Parties traded 500 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $120.0K, with a price of $240.0 per contract. There were 19635 open contracts at this strike prior to today, and today 848 contract(s) were bought and sold.

• Regarding GS GS, we observe a call option sweep with bearish sentiment. It expires in 10 day(s) on April 5, 2024. Parties traded 101 contract(s) at a $410.00 strike. This particular call needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $49.4K, with a price of $490.0 per contract. There were 680 open contracts at this strike prior to today, and today 516 contract(s) were bought and sold.

• Regarding SCHW SCHW, we observe a put option sweep with bearish sentiment. It expires in 297 day(s) on January 17, 2025. Parties traded 364 contract(s) at a $55.00 strike. This particular put needed to be split into 29 different trades to become filled. The total cost received by the writing party (or parties) was $77.0K, with a price of $260.0 per contract. There were 7809 open contracts at this strike prior to today, and today 372 contract(s) were bought and sold.

• For ZION ZION, we notice a put option sweep that happens to be bullish, expiring in 52 day(s) on May 17, 2024. This event was a transfer of 350 contract(s) at a $40.00 strike. This particular put needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $68.8K, with a price of $195.0 per contract. There were 88 open contracts at this strike prior to today, and today 350 contract(s) were bought and sold.

• For GL GL, we notice a put option sweep that happens to be bullish, expiring in 24 day(s) on April 19, 2024. This event was a transfer of 304 contract(s) at a $100.00 strike. This particular put needed to be split into 58 different trades to become filled. The total cost received by the writing party (or parties) was $30.4K, with a price of $100.0 per contract. There were 847 open contracts at this strike prior to today, and today 304 contract(s) were bought and sold.

• For SQ SQ, we notice a put option trade that happens to be neutral, expiring in 115 day(s) on July 19, 2024. This event was a transfer of 55 contract(s) at a $80.00 strike. The total cost received by the writing party (or parties) was $36.3K, with a price of $660.0 per contract. There were 514 open contracts at this strike prior to today, and today 170 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.