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 Industrials sector:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|
VRT | PUT | SWEEP | BULLISH | 05/17/24 | $80.00 | $190.2K | 8.5K | 4.2K |
BA | PUT | SWEEP | NEUTRAL | 04/26/24 | $175.00 | $31.7K | 1.5K | 3.1K |
GOGL | CALL | TRADE | BEARISH | 06/21/24 | $12.50 | $34.1K | 3.0K | 1.2K |
UBER | CALL | SWEEP | BEARISH | 05/10/24 | $71.00 | $27.3K | 107 | 504 |
NKLA | PUT | SWEEP | BULLISH | 10/18/24 | $1.00 | $25.0K | 2.7K | 502 |
HON | CALL | SWEEP | NEUTRAL | 06/20/25 | $200.00 | $66.0K | 90 | 175 |
GEV | CALL | TRADE | BEARISH | 05/17/24 | $130.00 | $46.7K | 311 | 81 |
UPS | CALL | TRADE | BEARISH | 01/16/26 | $165.00 | $56.8K | 607 | 52 |
TRU | PUT | SWEEP | BEARISH | 05/17/24 | $70.00 | $86.6K | 1.0K | 41 |
DE | PUT | TRADE | BULLISH | 06/21/24 | $390.00 | $34.9K | 345 | 29 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For VRT VRT, we notice a put option sweep that happens to be bullish, expiring in 23 day(s) on May 17, 2024. This event was a transfer of 761 contract(s) at a $80.00 strike. This particular put needed to be split into 27 different trades to become filled. The total cost received by the writing party (or parties) was $190.2K, with a price of $250.0 per contract. There were 8538 open contracts at this strike prior to today, and today 4259 contract(s) were bought and sold.
• For BA BA, we notice a put option sweep that happens to be neutral, expiring in 2 day(s) on April 26, 2024. This event was a transfer of 40 contract(s) at a $175.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $31.7K, with a price of $791.0 per contract. There were 1509 open contracts at this strike prior to today, and today 3139 contract(s) were bought and sold.
• For GOGL GOGL, we notice a call option trade that happens to be bearish, expiring in 58 day(s) on June 21, 2024. This event was a transfer of 263 contract(s) at a $12.50 strike. The total cost received by the writing party (or parties) was $34.1K, with a price of $130.0 per contract. There were 3030 open contracts at this strike prior to today, and today 1216 contract(s) were bought and sold.
• Regarding UBER UBER, we observe a call option sweep with bearish sentiment. It expires in 16 day(s) on May 10, 2024. Parties traded 130 contract(s) at a $71.00 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 $27.3K, with a price of $210.0 per contract. There were 107 open contracts at this strike prior to today, and today 504 contract(s) were bought and sold.
• For NKLA NKLA, we notice a put option sweep that happens to be bullish, expiring in 177 day(s) on October 18, 2024. This event was a transfer of 500 contract(s) at a $1.00 strike. This particular put needed to be split into 35 different trades to become filled. The total cost received by the writing party (or parties) was $25.0K, with a price of $50.0 per contract. There were 2770 open contracts at this strike prior to today, and today 502 contract(s) were bought and sold.
• For HON HON, we notice a call option sweep that happens to be neutral, expiring in 422 day(s) on June 20, 2025. This event was a transfer of 37 contract(s) at a $200.00 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 $66.0K, with a price of $1787.0 per contract. There were 90 open contracts at this strike prior to today, and today 175 contract(s) were bought and sold.
• For GEV GEV, we notice a call option trade that happens to be bearish, expiring in 23 day(s) on May 17, 2024. This event was a transfer of 25 contract(s) at a $130.00 strike. The total cost received by the writing party (or parties) was $46.7K, with a price of $1870.0 per contract. There were 311 open contracts at this strike prior to today, and today 81 contract(s) were bought and sold.
• For UPS UPS, we notice a call option trade that happens to be bearish, expiring in 632 day(s) on January 16, 2026. This event was a transfer of 49 contract(s) at a $165.00 strike. The total cost received by the writing party (or parties) was $56.8K, with a price of $1160.0 per contract. There were 607 open contracts at this strike prior to today, and today 52 contract(s) were bought and sold.
• For TRU TRU, we notice a put option sweep that happens to be bearish, expiring in 23 day(s) on May 17, 2024. This event was a transfer of 228 contract(s) at a $70.00 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 $86.6K, with a price of $380.0 per contract. There were 1080 open contracts at this strike prior to today, and today 41 contract(s) were bought and sold.
• For DE DE, we notice a put option trade that happens to be bullish, expiring in 58 day(s) on June 21, 2024. This event was a transfer of 27 contract(s) at a $390.00 strike. The total cost received by the writing party (or parties) was $34.9K, with a price of $1295.0 per contract. There were 345 open contracts at this strike prior to today, and today 29 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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