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 |
---|---|---|---|---|---|---|---|---|
SOFI | CALL | SWEEP | BULLISH | 08/16/24 | $8.50 | $25.1K | 1.0K | 80.9K |
COIN | CALL | TRADE | NEUTRAL | 08/02/24 | $270.00 | $35.5K | 2.5K | 16.3K |
WFC | CALL | SWEEP | BEARISH | 08/16/24 | $60.00 | $30.4K | 20.6K | 2.3K |
COOP | CALL | TRADE | NEUTRAL | 01/17/25 | $100.00 | $610.0K | 1.1K | 1.5K |
SQ | CALL | SWEEP | BEARISH | 06/20/25 | $70.00 | $86.1K | 1.3K | 972 |
BX | PUT | TRADE | NEUTRAL | 12/18/26 | $90.00 | $390.0K | 171 | 600 |
WAL | PUT | SWEEP | BEARISH | 08/02/24 | $80.00 | $77.6K | 1 | 398 |
SCHW | CALL | SWEEP | BULLISH | 11/15/24 | $75.00 | $25.0K | 615 | 354 |
GS | CALL | TRADE | BULLISH | 08/02/24 | $490.00 | $37.0K | 296 | 159 |
HOOD | CALL | SWEEP | BULLISH | 08/16/24 | $18.00 | $40.9K | 5.2K | 111 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For SOFI SOFI, we notice a call option sweep that happens to be bullish, expiring in 22 day(s) on August 16, 2024. This event was a transfer of 1005 contract(s) at a $8.50 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 $25.1K, with a price of $25.0 per contract. There were 1013 open contracts at this strike prior to today, and today 80902 contract(s) were bought and sold.
• Regarding COIN COIN, we observe a call option trade with neutral sentiment. It expires in 8 day(s) on August 2, 2024. Parties traded 100 contract(s) at a $270.00 strike. The total cost received by the writing party (or parties) was $35.5K, with a price of $355.0 per contract. There were 2555 open contracts at this strike prior to today, and today 16336 contract(s) were bought and sold.
• For WFC WFC, we notice a call option sweep that happens to be bearish, expiring in 22 day(s) on August 16, 2024. This event was a transfer of 201 contract(s) at a $60.00 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 $30.4K, with a price of $153.0 per contract. There were 20692 open contracts at this strike prior to today, and today 2363 contract(s) were bought and sold.
• For COOP COOP, we notice a call option trade that happens to be neutral, expiring in 176 day(s) on January 17, 2025. This event was a transfer of 1000 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $610.0K, with a price of $610.0 per contract. There were 1196 open contracts at this strike prior to today, and today 1563 contract(s) were bought and sold.
• Regarding SQ SQ, we observe a call option sweep with bearish sentiment. It expires in 330 day(s) on June 20, 2025. Parties traded 82 contract(s) at a $70.00 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 $86.1K, with a price of $1050.0 per contract. There were 1373 open contracts at this strike prior to today, and today 972 contract(s) were bought and sold.
• Regarding BX BX, we observe a put option trade with neutral sentiment. It expires in 876 day(s) on December 18, 2026. Parties traded 600 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $390.0K, with a price of $650.0 per contract. There were 171 open contracts at this strike prior to today, and today 600 contract(s) were bought and sold.
• Regarding WAL WAL, we observe a put option sweep with bearish sentiment. It expires in 8 day(s) on August 2, 2024. Parties traded 388 contract(s) at a $80.00 strike. This particular put needed to be split into 51 different trades to become filled. The total cost received by the writing party (or parties) was $77.6K, with a price of $200.0 per contract. There were 1 open contracts at this strike prior to today, and today 398 contract(s) were bought and sold.
• Regarding SCHW SCHW, we observe a call option sweep with bullish sentiment. It expires in 113 day(s) on November 15, 2024. Parties traded 166 contract(s) at a $75.00 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 $25.0K, with a price of $151.0 per contract. There were 615 open contracts at this strike prior to today, and today 354 contract(s) were bought and sold.
• For GS GS, we notice a call option trade that happens to be bullish, expiring in 8 day(s) on August 2, 2024. This event was a transfer of 38 contract(s) at a $490.00 strike. The total cost received by the writing party (or parties) was $37.0K, with a price of $975.0 per contract. There were 296 open contracts at this strike prior to today, and today 159 contract(s) were bought and sold.
• Regarding HOOD HOOD, we observe a call option sweep with bullish sentiment. It expires in 22 day(s) on August 16, 2024. Parties traded 100 contract(s) at a $18.00 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 $40.9K, with a price of $409.0 per contract. There were 5275 open contracts at this strike prior to today, and today 111 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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