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 Industrials sector:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|
STEM | PUT | TRADE | BEARISH | 01/20/23 | $10.00 | $28.2K | 3.5K | 1.7K |
AAL | CALL | SWEEP | BEARISH | 01/19/24 | $20.00 | $79.8K | 10.1K | 874 |
SWK | PUT | SWEEP | BULLISH | 12/16/22 | $80.00 | $28.9K | 800 | 583 |
DAL | PUT | SWEEP | BEARISH | 01/20/23 | $36.00 | $41.7K | 248 | 448 |
RTX | CALL | SWEEP | BEARISH | 12/16/22 | $100.00 | $60.8K | 9.4K | 367 |
BA | CALL | TRADE | BEARISH | 01/19/24 | $250.00 | $286.0K | 3.5K | 286 |
CHPT | CALL | TRADE | BULLISH | 01/19/24 | $13.00 | $37.8K | 1.9K | 182 |
CSL | CALL | SWEEP | BULLISH | 01/20/23 | $260.00 | $43.0K | 33 | 150 |
WM | PUT | TRADE | BEARISH | 01/19/24 | $175.00 | $44.8K | 217 | 32 |
FDX | CALL | TRADE | BEARISH | 01/13/23 | $170.00 | $33.1K | 0 | 25 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For STEM STEM, we notice a put option trade that happens to be bearish, expiring in 46 day(s) on January 20, 2023. This event was a transfer of 377 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $28.2K, with a price of $75.0 per contract. There were 3563 open contracts at this strike prior to today, and today 1744 contract(s) were bought and sold.
• Regarding AAL AAL, we observe a call option sweep with bearish sentiment. It expires in 410 day(s) on January 19, 2024. Parties traded 600 contract(s) at a $20.00 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 $79.8K, with a price of $133.0 per contract. There were 10120 open contracts at this strike prior to today, and today 874 contract(s) were bought and sold.
• For SWK SWK, we notice a put option sweep that happens to be bullish, expiring in 11 day(s) on December 16, 2022. This event was a transfer of 98 contract(s) at a $80.00 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 $28.9K, with a price of $295.0 per contract. There were 800 open contracts at this strike prior to today, and today 583 contract(s) were bought and sold.
• Regarding DAL DAL, we observe a put option sweep with bearish sentiment. It expires in 46 day(s) on January 20, 2023. Parties traded 221 contract(s) at a $36.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $41.7K, with a price of $189.0 per contract. There were 248 open contracts at this strike prior to today, and today 448 contract(s) were bought and sold.
• For RTX RTX, we notice a call option sweep that happens to be bearish, expiring in 11 day(s) on December 16, 2022. This event was a transfer of 283 contract(s) at a $100.00 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 $60.8K, with a price of $215.0 per contract. There were 9477 open contracts at this strike prior to today, and today 367 contract(s) were bought and sold.
• Regarding BA BA, we observe a call option trade with bearish sentiment. It expires in 410 day(s) on January 19, 2024. Parties traded 200 contract(s) at a $250.00 strike. The total cost received by the writing party (or parties) was $286.0K, with a price of $1430.0 per contract. There were 3597 open contracts at this strike prior to today, and today 286 contract(s) were bought and sold.
• For CHPT CHPT, we notice a call option trade that happens to be bullish, expiring in 410 day(s) on January 19, 2024. This event was a transfer of 124 contract(s) at a $13.00 strike. The total cost received by the writing party (or parties) was $37.8K, with a price of $305.0 per contract. There were 1934 open contracts at this strike prior to today, and today 182 contract(s) were bought and sold.
• For CSL CSL, we notice a call option sweep that happens to be bullish, expiring in 46 day(s) on January 20, 2023. This event was a transfer of 50 contract(s) at a $260.00 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 $43.0K, with a price of $860.0 per contract. There were 33 open contracts at this strike prior to today, and today 150 contract(s) were bought and sold.
• For WM WM, we notice a put option trade that happens to be bearish, expiring in 410 day(s) on January 19, 2024. This event was a transfer of 28 contract(s) at a $175.00 strike. The total cost received by the writing party (or parties) was $44.8K, with a price of $1600.0 per contract. There were 217 open contracts at this strike prior to today, and today 32 contract(s) were bought and sold.
• For FDX FDX, we notice a call option trade that happens to be bearish, expiring in 39 day(s) on January 13, 2023. This event was a transfer of 25 contract(s) at a $170.00 strike. The total cost received by the writing party (or parties) was $33.1K, with a price of $1325.0 per contract. There were 0 open contracts at this strike prior to today, and today 25 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.
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