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.
Below are some instances of options activity happening in the Financials sector:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| HOOD | CALL | SWEEP | BEARISH | 06/07/24 | $22.50 | $125.6K | 5.6K | 19.9K |
| PYPL | CALL | SWEEP | BEARISH | 06/07/24 | $67.00 | $25.5K | 2.0K | 11.5K |
| SQ | CALL | SWEEP | BULLISH | 07/19/24 | $77.50 | $28.1K | 2.1K | 470 |
| JPM | PUT | TRADE | BEARISH | 08/16/24 | $200.00 | $50.9K | 2.0K | 167 |
| C | CALL | TRADE | BULLISH | 07/19/24 | $60.00 | $31.4K | 8.1K | 147 |
| PGR | CALL | TRADE | BEARISH | 07/19/24 | $190.00 | $65.6K | 2 | 27 |
| GS | PUT | SWEEP | BULLISH | 10/18/24 | $455.00 | $39.7K | 62 | 25 |
| MCO | CALL | TRADE | BULLISH | 11/15/24 | $390.00 | $41.5K | 11 | 10 |
| COIN | PUT | TRADE | BULLISH | 05/15/26 | $500.00 | $54.2K | 115 | 2 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding HOOD HOOD, we observe a call option sweep with bearish sentiment. It expires in 1 day(s) on June 7, 2024. Parties traded 1501 contract(s) at a $22.50 strike. This particular call needed to be split into 51 different trades to become filled. The total cost received by the writing party (or parties) was $125.6K, with a price of $82.0 per contract. There were 5654 open contracts at this strike prior to today, and today 19982 contract(s) were bought and sold.
• For PYPL PYPL, we notice a call option sweep that happens to be bearish, expiring in 1 day(s) on June 7, 2024. This event was a transfer of 426 contract(s) at a $67.00 strike. This particular call needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $25.5K, with a price of $60.0 per contract. There were 2079 open contracts at this strike prior to today, and today 11557 contract(s) were bought and sold.
• Regarding SQ SQ, we observe a call option sweep with bullish sentiment. It expires in 43 day(s) on July 19, 2024. Parties traded 335 contract(s) at a $77.50 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 $28.1K, with a price of $84.0 per contract. There were 2195 open contracts at this strike prior to today, and today 470 contract(s) were bought and sold.
• Regarding JPM JPM, we observe a put option trade with bearish sentiment. It expires in 71 day(s) on August 16, 2024. Parties traded 61 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $50.9K, with a price of $835.0 per contract. There were 2095 open contracts at this strike prior to today, and today 167 contract(s) were bought and sold.
• For C C, we notice a call option trade that happens to be bullish, expiring in 43 day(s) on July 19, 2024. This event was a transfer of 94 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $31.4K, with a price of $335.0 per contract. There were 8150 open contracts at this strike prior to today, and today 147 contract(s) were bought and sold.
• Regarding PGR PGR, we observe a call option trade with bearish sentiment. It expires in 43 day(s) on July 19, 2024. Parties traded 27 contract(s) at a $190.00 strike. The total cost received by the writing party (or parties) was $65.6K, with a price of $2433.0 per contract. There were 2 open contracts at this strike prior to today, and today 27 contract(s) were bought and sold.
• For GS GS, we notice a put option sweep that happens to be bullish, expiring in 134 day(s) on October 18, 2024. This event was a transfer of 20 contract(s) at a $455.00 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $39.7K, with a price of $1985.0 per contract. There were 62 open contracts at this strike prior to today, and today 25 contract(s) were bought and sold.
• For MCO MCO, we notice a call option trade that happens to be bullish, expiring in 162 day(s) on November 15, 2024. This event was a transfer of 10 contract(s) at a $390.00 strike. The total cost received by the writing party (or parties) was $41.5K, with a price of $4150.0 per contract. There were 11 open contracts at this strike prior to today, and today 10 contract(s) were bought and sold.
• Regarding COIN COIN, we observe a put option trade with bullish sentiment. It expires in 708 day(s) on May 15, 2026. Parties traded 2 contract(s) at a $500.00 strike. The total cost received by the writing party (or parties) was $54.2K, with a price of $27105.0 per contract. There were 115 open contracts at this strike prior to today, and today 2 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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