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 |
|---|---|---|---|---|---|---|---|---|
| CAT | CALL | SWEEP | BULLISH | 12/16/22 | $195.00 | $46.3K | 333 | 21.6K |
| UBER | PUT | SWEEP | BULLISH | 06/16/23 | $37.50 | $65.2K | 1.8K | 1.2K |
| LMT | CALL | TRADE | BEARISH | 11/18/22 | $405.00 | $103.3K | 120 | 442 |
| EVTL | PUT | TRADE | NEUTRAL | 11/18/22 | $12.50 | $29.6K | 1.6K | 422 |
| GNRC | PUT | SWEEP | BULLISH | 06/16/23 | $130.00 | $146.3K | 13 | 347 |
| CARR | PUT | SWEEP | BEARISH | 01/20/23 | $42.00 | $112.5K | 1.4K | 250 |
| ETN | CALL | TRADE | BEARISH | 11/18/22 | $145.00 | $27.9K | 75 | 128 |
| ROK | CALL | SWEEP | BEARISH | 11/18/22 | $220.00 | $39.2K | 29 | 6 |
| BA | CALL | TRADE | NEUTRAL | 01/19/24 | $160.00 | $37.3K | 2.3K | 2 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding CAT CAT, we observe a call option sweep with bullish sentiment. It expires in 64 day(s) on December 16, 2022. Parties traded 65 contract(s) at a $195.00 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 $46.3K, with a price of $710.0 per contract. There were 333 open contracts at this strike prior to today, and today 21657 contract(s) were bought and sold.
• Regarding UBER UBER, we observe a put option sweep with bullish sentiment. It expires in 246 day(s) on June 16, 2023. Parties traded 51 contract(s) at a $37.50 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $65.2K, with a price of $1280.0 per contract. There were 1827 open contracts at this strike prior to today, and today 1201 contract(s) were bought and sold.
• For LMT LMT, we notice a call option trade that happens to be bearish, expiring in 36 day(s) on November 18, 2022. This event was a transfer of 63 contract(s) at a $405.00 strike. The total cost received by the writing party (or parties) was $103.3K, with a price of $1640.0 per contract. There were 120 open contracts at this strike prior to today, and today 442 contract(s) were bought and sold.
• For EVTL EVTL, we notice a put option trade that happens to be neutral, expiring in 36 day(s) on November 18, 2022. This event was a transfer of 50 contract(s) at a $12.50 strike. The total cost received by the writing party (or parties) was $29.6K, with a price of $593.0 per contract. There were 1621 open contracts at this strike prior to today, and today 422 contract(s) were bought and sold.
• Regarding GNRC GNRC, we observe a put option sweep with bullish sentiment. It expires in 246 day(s) on June 16, 2023. Parties traded 77 contract(s) at a $130.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $146.3K, with a price of $1900.0 per contract. There were 13 open contracts at this strike prior to today, and today 347 contract(s) were bought and sold.
• For CARR CARR, we notice a put option sweep that happens to be bearish, expiring in 99 day(s) on January 20, 2023. This event was a transfer of 150 contract(s) at a $42.00 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 $112.5K, with a price of $750.0 per contract. There were 1489 open contracts at this strike prior to today, and today 250 contract(s) were bought and sold.
• For ETN ETN, we notice a call option trade that happens to be bearish, expiring in 36 day(s) on November 18, 2022. This event was a transfer of 90 contract(s) at a $145.00 strike. The total cost received by the writing party (or parties) was $27.9K, with a price of $311.0 per contract. There were 75 open contracts at this strike prior to today, and today 128 contract(s) were bought and sold.
• Regarding ROK ROK, we observe a call option sweep with bearish sentiment. It expires in 36 day(s) on November 18, 2022. Parties traded 20 contract(s) at a $220.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $39.2K, with a price of $1971.0 per contract. There were 29 open contracts at this strike prior to today, and today 6 contract(s) were bought and sold.
• For BA BA, we notice a call option trade that happens to be neutral, expiring in 463 day(s) on January 19, 2024. This event was a transfer of 18 contract(s) at a $160.00 strike. The total cost received by the writing party (or parties) was $37.3K, with a price of $2075.0 per contract. There were 2349 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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