This unusual options alert can help traders track potentially big trading opportunities. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Unusual trading activity could push option prices to hyperbolic or underperforming levels.
Below are some instances of unusual options activity happening in the Industrials sector:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| UAL | PUT | SWEEP | BULLISH | 10/01/21 | $47.00 | $131.1K | 16 | 6.1K |
| UBER | PUT | TRADE | BEARISH | 03/18/22 | $37.50 | $1.9 million | 6.7K | 5.0K |
| ASTR | CALL | TRADE | BULLISH | 10/15/21 | $15.00 | $32.5K | 24 | 3.0K |
| REKR | CALL | SWEEP | BULLISH | 09/17/21 | $10.00 | $31.1K | 14.7K | 2.6K |
| AAL | PUT | TRADE | BULLISH | 01/20/23 | $10.00 | $235.0K | 103.2K | 2.5K |
| HYRE | CALL | SWEEP | BULLISH | 09/17/21 | $10.00 | $76.3K | 16.1K | 2.3K |
| LYFT | PUT | TRADE | BULLISH | 01/21/22 | $37.50 | $349.5K | 6.8K | 1.5K |
| PLUG | PUT | SWEEP | BEARISH | 08/20/21 | $25.00 | $30.6K | 4.9K | 1.2K |
| HYZN | CALL | SWEEP | BULLISH | 10/15/21 | $10.00 | $113.8K | 10.3K | 1.1K |
| BA | CALL | TRADE | BEARISH | 01/21/22 | $290.00 | $159.6K | 7.3K | 906 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding UAL UAL, we observe a put option sweep with bullish sentiment. It expires in 42 day(s) on October 1, 2021. Parties traded 296 contract(s) at a $47.00 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 $131.1K, with a price of $443.0 per contract. There were 16 open contracts at this strike prior to today, and today 6185 contract(s) were bought and sold.
• Regarding UBER UBER, we observe a put option trade with bearish sentiment. It expires in 210 day(s) on March 18, 2022. Parties traded 5000 contract(s) at a $37.50 strike. The total cost received by the writing party (or parties) was $1.9 million, with a price of $390.0 per contract. There were 6770 open contracts at this strike prior to today, and today 5000 contract(s) were bought and sold.
• For ASTR ASTR, we notice a call option trade that happens to be bullish, expiring in 56 day(s) on October 15, 2021. This event was a transfer of 500 contract(s) at a $15.00 strike. The total cost received by the writing party (or parties) was $32.5K, with a price of $65.0 per contract. There were 24 open contracts at this strike prior to today, and today 3063 contract(s) were bought and sold.
• For REKR REKR, we notice a call option sweep that happens to be bullish, expiring in 28 day(s) on September 17, 2021. This event was a transfer of 622 contract(s) at a $10.00 strike. This particular call needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $31.1K, with a price of $50.0 per contract. There were 14750 open contracts at this strike prior to today, and today 2659 contract(s) were bought and sold.
• For AAL AAL, we notice a put option trade that happens to be bullish, expiring in 518 day(s) on January 20, 2023. This event was a transfer of 2500 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $235.0K, with a price of $94.0 per contract. There were 103283 open contracts at this strike prior to today, and today 2521 contract(s) were bought and sold.
• For HYRE HYRE, we notice a call option sweep that happens to be bullish, expiring in 28 day(s) on September 17, 2021. This event was a transfer of 565 contract(s) at a $10.00 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 $76.3K, with a price of $135.0 per contract. There were 16199 open contracts at this strike prior to today, and today 2324 contract(s) were bought and sold.
• Regarding LYFT LYFT, we observe a put option trade with bullish sentiment. It expires in 154 day(s) on January 21, 2022. Parties traded 1500 contract(s) at a $37.50 strike. The total cost received by the writing party (or parties) was $349.5K, with a price of $233.0 per contract. There were 6839 open contracts at this strike prior to today, and today 1500 contract(s) were bought and sold.
• For PLUG PLUG, we notice a put option sweep that happens to be bearish, is expiring today. Parties traded 261 contract(s) at a $25.00 strike. This particular put needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $30.6K, with a price of $118.0 per contract. There were 4915 open contracts at this strike prior to today, and today 1200 contract(s) were bought and sold.
• Regarding HYZN HYZN, we observe a call option sweep with bullish sentiment. It expires in 56 day(s) on October 15, 2021. Parties traded 1034 contract(s) at a $10.00 strike. This particular call needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $113.8K, with a price of $110.0 per contract. There were 10336 open contracts at this strike prior to today, and today 1129 contract(s) were bought and sold.
• For BA BA, we notice a call option trade that happens to be bearish, expiring in 154 day(s) on January 21, 2022. This event was a transfer of 600 contract(s) at a $290.00 strike. The total cost received by the writing party (or parties) was $159.6K, with a price of $266.0 per contract. There were 7347 open contracts at this strike prior to today, and today 906 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.
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