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 |
|---|---|---|---|---|---|---|---|---|
| UBER | CALL | SWEEP | NEUTRAL | 08/16/24 | $67.50 | $57.8K | 6.7K | 583 |
| RKLB | CALL | SWEEP | BULLISH | 01/16/26 | $10.00 | $76.2K | 8.7K | 153 |
| UPS | CALL | TRADE | BEARISH | 01/16/26 | $145.00 | $27.3K | 1.1K | 112 |
| POWL | CALL | TRADE | BULLISH | 12/20/24 | $160.00 | $35.8K | 61 | 1 |
| CAT | PUT | SWEEP | NEUTRAL | 01/16/26 | $270.00 | $27.4K | 154 | 0 |
| GEV | CALL | TRADE | BEARISH | 10/18/24 | $135.00 | $25.0K | 32 | 0 |
| SPCE | CALL | SWEEP | BULLISH | 07/19/24 | $8.00 | $25.0K | 0 | 0 |
| VRT | CALL | SWEEP | BULLISH | 06/20/25 | $85.00 | $56.8K | 29 | 0 |
| URI | CALL | TRADE | NEUTRAL | 01/16/26 | $500.00 | $41.8K | 49 | 0 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For UBER UBER, we notice a call option sweep that happens to be neutral, expiring in 59 day(s) on August 16, 2024. This event was a transfer of 90 contract(s) at a $67.50 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 $57.8K, with a price of $643.0 per contract. There were 6787 open contracts at this strike prior to today, and today 583 contract(s) were bought and sold.
• For RKLB RKLB, we notice a call option sweep that happens to be bullish, expiring in 577 day(s) on January 16, 2026. This event was a transfer of 964 contract(s) at a $10.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $76.2K, with a price of $80.0 per contract. There were 8733 open contracts at this strike prior to today, and today 153 contract(s) were bought and sold.
• For UPS UPS, we notice a call option trade that happens to be bearish, expiring in 577 day(s) on January 16, 2026. This event was a transfer of 21 contract(s) at a $145.00 strike. The total cost received by the writing party (or parties) was $27.3K, with a price of $1300.0 per contract. There were 1172 open contracts at this strike prior to today, and today 112 contract(s) were bought and sold.
• For POWL POWL, we notice a call option trade that happens to be bullish, expiring in 185 day(s) on December 20, 2024. This event was a transfer of 10 contract(s) at a $160.00 strike. The total cost received by the writing party (or parties) was $35.8K, with a price of $3585.0 per contract. There were 61 open contracts at this strike prior to today, and today 1 contract(s) were bought and sold.
• For CAT CAT, we notice a put option sweep that happens to be neutral, expiring in 577 day(s) on January 16, 2026. This event was a transfer of 16 contract(s) at a $270.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $27.4K, with a price of $1715.0 per contract. There were 154 open contracts at this strike prior to today, and today 0 contract(s) were bought and sold.
• Regarding GEV GEV, we observe a call option trade with bearish sentiment. It expires in 122 day(s) on October 18, 2024. Parties traded 5 contract(s) at a $135.00 strike. The total cost received by the writing party (or parties) was $25.0K, with a price of $5000.0 per contract. There were 32 open contracts at this strike prior to today, and today 0 contract(s) were bought and sold.
• Regarding SPCE SPCE, we observe a call option sweep with bullish sentiment. It expires in 31 day(s) on July 19, 2024. Parties traded 100 contract(s) at a $8.00 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 $25.0K, with a price of $250.0 per contract. There were 0 open contracts at this strike prior to today, and today 0 contract(s) were bought and sold.
• Regarding VRT VRT, we observe a call option sweep with bullish sentiment. It expires in 367 day(s) on June 20, 2025. Parties traded 20 contract(s) at a $85.00 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 $56.8K, with a price of $2838.0 per contract. There were 29 open contracts at this strike prior to today, and today 0 contract(s) were bought and sold.
• Regarding URI URI, we observe a call option trade with neutral sentiment. It expires in 577 day(s) on January 16, 2026. Parties traded 2 contract(s) at a $500.00 strike. The total cost received by the writing party (or parties) was $41.8K, with a price of $20931.0 per contract. There were 49 open contracts at this strike prior to today, and today 0 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.
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