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 |
---|---|---|---|---|---|---|---|---|
BAC | CALL | SWEEP | BULLISH | 06/21/24 | $39.00 | $26.4K | 7.4K | 10.4K |
C | CALL | SWEEP | BULLISH | 05/17/24 | $65.00 | $27.4K | 24.6K | 4.1K |
COIN | CALL | TRADE | BULLISH | 04/26/24 | $230.00 | $33.2K | 2.0K | 2.9K |
AFRM | CALL | TRADE | BULLISH | 05/17/24 | $35.00 | $35.2K | 3.1K | 1.1K |
BX | CALL | SWEEP | BEARISH | 04/26/24 | $122.00 | $29.8K | 451 | 441 |
AXP | PUT | TRADE | BULLISH | 05/10/24 | $235.00 | $32.4K | 1 | 137 |
MA | CALL | TRADE | NEUTRAL | 09/20/24 | $425.00 | $512.6K | 116 | 96 |
FOUR | PUT | TRADE | BEARISH | 08/16/24 | $55.00 | $27.1K | 53 | 50 |
GS | CALL | SWEEP | BULLISH | 05/17/24 | $390.00 | $43.3K | 613 | 33 |
V | PUT | TRADE | NEUTRAL | 05/24/24 | $270.00 | $28.0K | 75 | 18 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding BAC BAC, we observe a call option sweep with bullish sentiment. It expires in 60 day(s) on June 21, 2024. Parties traded 300 contract(s) at a $39.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $26.4K, with a price of $88.0 per contract. There were 7450 open contracts at this strike prior to today, and today 10427 contract(s) were bought and sold.
• Regarding C C, we observe a call option sweep with bullish sentiment. It expires in 25 day(s) on May 17, 2024. Parties traded 1138 contract(s) at a $65.00 strike. This particular call needed to be split into 32 different trades to become filled. The total cost received by the writing party (or parties) was $27.4K, with a price of $24.0 per contract. There were 24624 open contracts at this strike prior to today, and today 4185 contract(s) were bought and sold.
• For COIN COIN, we notice a call option trade that happens to be bullish, expiring in 4 day(s) on April 26, 2024. This event was a transfer of 50 contract(s) at a $230.00 strike. The total cost received by the writing party (or parties) was $33.2K, with a price of $665.0 per contract. There were 2081 open contracts at this strike prior to today, and today 2990 contract(s) were bought and sold.
• For AFRM AFRM, we notice a call option trade that happens to be bullish, expiring in 25 day(s) on May 17, 2024. This event was a transfer of 150 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $35.2K, with a price of $235.0 per contract. There were 3162 open contracts at this strike prior to today, and today 1117 contract(s) were bought and sold.
• For BX BX, we notice a call option sweep that happens to be bearish, expiring in 4 day(s) on April 26, 2024. This event was a transfer of 239 contract(s) at a $122.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $29.8K, with a price of $125.0 per contract. There were 451 open contracts at this strike prior to today, and today 441 contract(s) were bought and sold.
• Regarding AXP AXP, we observe a put option trade with bullish sentiment. It expires in 18 day(s) on May 10, 2024. Parties traded 63 contract(s) at a $235.00 strike. The total cost received by the writing party (or parties) was $32.4K, with a price of $515.0 per contract. There were 1 open contracts at this strike prior to today, and today 137 contract(s) were bought and sold.
• For MA MA, we notice a call option trade that happens to be neutral, expiring in 151 day(s) on September 20, 2024. This event was a transfer of 96 contract(s) at a $425.00 strike. The total cost received by the writing party (or parties) was $512.6K, with a price of $5340.0 per contract. There were 116 open contracts at this strike prior to today, and today 96 contract(s) were bought and sold.
• Regarding FOUR FOUR, we observe a put option trade with bearish sentiment. It expires in 116 day(s) on August 16, 2024. Parties traded 50 contract(s) at a $55.00 strike. The total cost received by the writing party (or parties) was $27.1K, with a price of $542.0 per contract. There were 53 open contracts at this strike prior to today, and today 50 contract(s) were bought and sold.
• For GS GS, we notice a call option sweep that happens to be bullish, expiring in 25 day(s) on May 17, 2024. This event was a transfer of 15 contract(s) at a $390.00 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 $43.3K, with a price of $2890.0 per contract. There were 613 open contracts at this strike prior to today, and today 33 contract(s) were bought and sold.
• Regarding V V, we observe a put option trade with neutral sentiment. It expires in 32 day(s) on May 24, 2024. Parties traded 50 contract(s) at a $270.00 strike. The total cost received by the writing party (or parties) was $28.0K, with a price of $561.0 per contract. There were 75 open contracts at this strike prior to today, and today 18 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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