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 |
---|---|---|---|---|---|---|---|---|
KEY | CALL | SWEEP | BULLISH | 05/31/24 | $16.00 | $26.5K | 176 | 11.4K |
BAC | CALL | SWEEP | BEARISH | 05/03/24 | $39.00 | $78.0K | 11.6K | 8.4K |
AGNC | PUT | TRADE | BEARISH | 06/21/24 | $9.00 | $70.0K | 33.7K | 6.2K |
C | CALL | TRADE | BEARISH | 11/15/24 | $65.00 | $27.3K | 11.7K | 3.2K |
CRBG | PUT | SWEEP | BULLISH | 10/18/24 | $20.00 | $41.8K | 2.9K | 2.0K |
PYPL | PUT | TRADE | BULLISH | 09/20/24 | $55.00 | $160.7K | 2.0K | 1.2K |
MS | CALL | SWEEP | NEUTRAL | 01/17/25 | $85.00 | $47.5K | 1.5K | 903 |
KNSL | PUT | SWEEP | BEARISH | 05/17/24 | $440.00 | $109.3K | 179 | 97 |
SQ | PUT | SWEEP | BEARISH | 05/03/24 | $81.00 | $58.2K | 190 | 77 |
AFRM | CALL | TRADE | BULLISH | 01/16/26 | $35.00 | $43.0K | 277 | 46 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding KEY KEY, we observe a call option sweep with bullish sentiment. It expires in 35 day(s) on May 31, 2024. Parties traded 1650 contract(s) at a $16.00 strike. This particular call needed to be split into 33 different trades to become filled. The total cost received by the writing party (or parties) was $26.5K, with a price of $16.0 per contract. There were 176 open contracts at this strike prior to today, and today 11406 contract(s) were bought and sold.
• Regarding BAC BAC, we observe a call option sweep with bearish sentiment. It expires in 7 day(s) on May 3, 2024. Parties traded 6000 contract(s) at a $39.00 strike. This particular call needed to be split into 27 different trades to become filled. The total cost received by the writing party (or parties) was $78.0K, with a price of $13.0 per contract. There were 11646 open contracts at this strike prior to today, and today 8439 contract(s) were bought and sold.
• For AGNC AGNC, we notice a put option trade that happens to be bearish, expiring in 56 day(s) on June 21, 2024. This event was a transfer of 2500 contract(s) at a $9.00 strike. The total cost received by the writing party (or parties) was $70.0K, with a price of $28.0 per contract. There were 33727 open contracts at this strike prior to today, and today 6278 contract(s) were bought and sold.
• For C C, we notice a call option trade that happens to be bearish, expiring in 203 day(s) on November 15, 2024. This event was a transfer of 70 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $27.3K, with a price of $390.0 per contract. There were 11732 open contracts at this strike prior to today, and today 3279 contract(s) were bought and sold.
• Regarding CRBG CRBG, we observe a put option sweep with bullish sentiment. It expires in 175 day(s) on October 18, 2024. Parties traded 759 contract(s) at a $20.00 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 $41.8K, with a price of $55.0 per contract. There were 2914 open contracts at this strike prior to today, and today 2077 contract(s) were bought and sold.
• For PYPL PYPL, we notice a put option trade that happens to be bullish, expiring in 147 day(s) on September 20, 2024. This event was a transfer of 800 contract(s) at a $55.00 strike. The total cost received by the writing party (or parties) was $160.7K, with a price of $201.0 per contract. There were 2093 open contracts at this strike prior to today, and today 1299 contract(s) were bought and sold.
• Regarding MS MS, we observe a call option sweep with neutral sentiment. It expires in 266 day(s) on January 17, 2025. Parties traded 36 contract(s) at a $85.00 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 $47.5K, with a price of $1320.0 per contract. There were 1554 open contracts at this strike prior to today, and today 903 contract(s) were bought and sold.
• For KNSL KNSL, we notice a put option sweep that happens to be bearish, expiring in 21 day(s) on May 17, 2024. This event was a transfer of 19 contract(s) at a $440.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $109.3K, with a price of $5717.0 per contract. There were 179 open contracts at this strike prior to today, and today 97 contract(s) were bought and sold.
• Regarding SQ SQ, we observe a put option sweep with bearish sentiment. It expires in 7 day(s) on May 3, 2024. Parties traded 71 contract(s) at a $81.00 strike. This particular put needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $58.2K, with a price of $820.0 per contract. There were 190 open contracts at this strike prior to today, and today 77 contract(s) were bought and sold.
• For AFRM AFRM, we notice a call option trade that happens to be bullish, expiring in 630 day(s) on January 16, 2026. This event was a transfer of 30 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $43.0K, with a price of $1435.0 per contract. There were 277 open contracts at this strike prior to today, and today 46 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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.