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 Energy sector:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|
PBR | PUT | SWEEP | BULLISH | 01/19/24 | $12.00 | $36.6K | 12.3K | 1.1K |
VTNR | CALL | SWEEP | BEARISH | 01/20/23 | $7.50 | $90.0K | 19.3K | 1.0K |
PBF | CALL | SWEEP | BULLISH | 01/20/23 | $42.00 | $45.0K | 1.2K | 1.0K |
OXY | CALL | SWEEP | BEARISH | 12/16/22 | $70.00 | $31.3K | 9.9K | 942 |
XOM | CALL | SWEEP | BEARISH | 06/16/23 | $105.00 | $72.0K | 3.3K | 675 |
HAL | PUT | SWEEP | BEARISH | 12/02/22 | $40.00 | $37.1K | 664 | 500 |
EQT | CALL | TRADE | BULLISH | 01/20/23 | $40.00 | $31.8K | 5.6K | 446 |
STNG | CALL | SWEEP | BEARISH | 12/16/22 | $55.00 | $29.0K | 1.8K | 274 |
AR | CALL | TRADE | NEUTRAL | 02/17/23 | $35.00 | $89.6K | 601 | 260 |
SWN | CALL | SWEEP | BEARISH | 01/19/24 | $5.50 | $26.2K | 1.7K | 145 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding PBR PBR, we observe a put option sweep with bullish sentiment. It expires in 413 day(s) on January 19, 2024. Parties traded 126 contract(s) at a $12.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $36.6K, with a price of $291.0 per contract. There were 12341 open contracts at this strike prior to today, and today 1144 contract(s) were bought and sold.
• Regarding VTNR VTNR, we observe a call option sweep with bearish sentiment. It expires in 49 day(s) on January 20, 2023. Parties traded 1000 contract(s) at a $7.50 strike. This particular call needed to be split into 30 different trades to become filled. The total cost received by the writing party (or parties) was $90.0K, with a price of $90.0 per contract. There were 19390 open contracts at this strike prior to today, and today 1006 contract(s) were bought and sold.
• Regarding PBF PBF, we observe a call option sweep with bullish sentiment. It expires in 49 day(s) on January 20, 2023. Parties traded 250 contract(s) at a $42.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $45.0K, with a price of $180.0 per contract. There were 1267 open contracts at this strike prior to today, and today 1002 contract(s) were bought and sold.
• For OXY OXY, we notice a call option sweep that happens to be bearish, expiring in 14 day(s) on December 16, 2022. This event was a transfer of 196 contract(s) at a $70.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $31.3K, with a price of $160.0 per contract. There were 9922 open contracts at this strike prior to today, and today 942 contract(s) were bought and sold.
• For XOM XOM, we notice a call option sweep that happens to be bearish, expiring in 196 day(s) on June 16, 2023. This event was a transfer of 52 contract(s) at a $105.00 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 $72.0K, with a price of $1385.0 per contract. There were 3361 open contracts at this strike prior to today, and today 675 contract(s) were bought and sold.
• For HAL HAL, we notice a put option sweep that happens to be bearish, is expiring today. Parties traded 387 contract(s) at a $40.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $37.1K, with a price of $96.0 per contract. There were 664 open contracts at this strike prior to today, and today 500 contract(s) were bought and sold.
• For EQT EQT, we notice a call option trade that happens to be bullish, expiring in 49 day(s) on January 20, 2023. This event was a transfer of 98 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $31.8K, with a price of $325.0 per contract. There were 5674 open contracts at this strike prior to today, and today 446 contract(s) were bought and sold.
• For STNG STNG, we notice a call option sweep that happens to be bearish, expiring in 14 day(s) on December 16, 2022. This event was a transfer of 200 contract(s) at a $55.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $29.0K, with a price of $145.0 per contract. There were 1838 open contracts at this strike prior to today, and today 274 contract(s) were bought and sold.
• For AR AR, we notice a call option trade that happens to be neutral, expiring in 77 day(s) on February 17, 2023. This event was a transfer of 236 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $89.6K, with a price of $380.0 per contract. There were 601 open contracts at this strike prior to today, and today 260 contract(s) were bought and sold.
• Regarding SWN SWN, we observe a call option sweep with bearish sentiment. It expires in 413 day(s) on January 19, 2024. Parties traded 121 contract(s) at a $5.50 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 $26.2K, with a price of $217.0 per contract. There were 1779 open contracts at this strike prior to today, and today 145 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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.