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.
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 |
|---|---|---|---|---|---|---|---|---|
| UPST | CALL | SWEEP | BULLISH | 08/16/24 | $40.00 | $44.1K | 3.8K | 28.2K |
| GS | PUT | TRADE | BEARISH | 08/16/24 | $480.00 | $29.2K | 597 | 1.4K |
| COIN | PUT | SWEEP | BULLISH | 08/16/24 | $190.00 | $52.0K | 2.1K | 1.4K |
| SQ | CALL | TRADE | BEARISH | 03/21/25 | $57.50 | $1.2 million | 35 | 956 |
| BAC | CALL | SWEEP | BULLISH | 06/20/25 | $40.00 | $59.8K | 13.7K | 865 |
| AIG | CALL | TRADE | BEARISH | 01/17/25 | $80.00 | $30.6K | 7.6K | 479 |
| JPM | PUT | TRADE | BULLISH | 10/18/24 | $205.00 | $48.4K | 1.4K | 349 |
| WFC | CALL | SWEEP | BULLISH | 09/20/24 | $50.00 | $78.4K | 7.1K | 200 |
| MA | PUT | SWEEP | BULLISH | 01/17/25 | $455.00 | $42.7K | 77 | 20 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For UPST UPST, we notice a call option sweep that happens to be bullish, expiring in 7 day(s) on August 16, 2024. This event was a transfer of 400 contract(s) at a $40.00 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 $44.1K, with a price of $110.0 per contract. There were 3862 open contracts at this strike prior to today, and today 28219 contract(s) were bought and sold.
• Regarding GS GS, we observe a put option trade with bearish sentiment. It expires in 7 day(s) on August 16, 2024. Parties traded 100 contract(s) at a $480.00 strike. The total cost received by the writing party (or parties) was $29.2K, with a price of $292.0 per contract. There were 597 open contracts at this strike prior to today, and today 1461 contract(s) were bought and sold.
• Regarding COIN COIN, we observe a put option sweep with bullish sentiment. It expires in 7 day(s) on August 16, 2024. Parties traded 104 contract(s) at a $190.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $52.0K, with a price of $500.0 per contract. There were 2111 open contracts at this strike prior to today, and today 1417 contract(s) were bought and sold.
• Regarding SQ SQ, we observe a call option trade with bearish sentiment. It expires in 224 day(s) on March 21, 2025. Parties traded 950 contract(s) at a $57.50 strike. The total cost received by the writing party (or parties) was $1.2 million, with a price of $1290.0 per contract. There were 35 open contracts at this strike prior to today, and today 956 contract(s) were bought and sold.
• Regarding BAC BAC, we observe a call option sweep with bullish sentiment. It expires in 315 day(s) on June 20, 2025. Parties traded 193 contract(s) at a $40.00 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 $59.8K, with a price of $310.0 per contract. There were 13762 open contracts at this strike prior to today, and today 865 contract(s) were bought and sold.
• For AIG AIG, we notice a call option trade that happens to be bearish, expiring in 161 day(s) on January 17, 2025. This event was a transfer of 153 contract(s) at a $80.00 strike. The total cost received by the writing party (or parties) was $30.6K, with a price of $200.0 per contract. There were 7650 open contracts at this strike prior to today, and today 479 contract(s) were bought and sold.
• Regarding JPM JPM, we observe a put option trade with bullish sentiment. It expires in 70 day(s) on October 18, 2024. Parties traded 63 contract(s) at a $205.00 strike. The total cost received by the writing party (or parties) was $48.4K, with a price of $769.0 per contract. There were 1464 open contracts at this strike prior to today, and today 349 contract(s) were bought and sold.
• Regarding WFC WFC, we observe a call option sweep with bullish sentiment. It expires in 42 day(s) on September 20, 2024. Parties traded 200 contract(s) at a $50.00 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 $78.4K, with a price of $392.0 per contract. There were 7145 open contracts at this strike prior to today, and today 200 contract(s) were bought and sold.
• For MA MA, we notice a put option sweep that happens to be bullish, expiring in 161 day(s) on January 17, 2025. This event was a transfer of 20 contract(s) at a $455.00 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 $42.7K, with a price of $2135.0 per contract. There were 77 open contracts at this strike prior to today, and today 20 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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