10 Energy Stocks Whale Activity In Today's Session

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 Energy sector:

Explanation

These bullet-by-bullet explanations have been constructed using the accompanying table.

• Regarding SLB SLB, we observe a put option sweep with bearish sentiment. It expires in 7 day(s) on December 16, 2022. Parties traded 1401 contract(s) at a $46.50 strike. This particular put needed to be split into 37 different trades to become filled. The total cost received by the writing party (or parties) was $85.4K, with a price of $61.0 per contract. There were 1881 open contracts at this strike prior to today, and today 1534 contract(s) were bought and sold.

• For OXY OXY, we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 903 contract(s) at a $63.00 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 $40.7K, with a price of $45.0 per contract. There were 188 open contracts at this strike prior to today, and today 1311 contract(s) were bought and sold.

• For VLO VLO, we notice a put option sweep that happens to be bearish, expiring in 98 day(s) on March 17, 2023. This event was a transfer of 588 contract(s) at a $100.00 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 $291.1K, with a price of $495.0 per contract. There were 1059 open contracts at this strike prior to today, and today 1040 contract(s) were bought and sold.

• For CTRA CTRA, we notice a call option sweep that happens to be bullish, expiring in 406 day(s) on January 19, 2024. This event was a transfer of 110 contract(s) at a $26.50 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 $37.4K, with a price of $340.0 per contract. There were 446 open contracts at this strike prior to today, and today 391 contract(s) were bought and sold.

• For DEN DEN, we notice a put option sweep that happens to be bearish, expiring in 7 day(s) on December 16, 2022. This event was a transfer of 77 contract(s) at a $85.00 strike. This particular put needed to be split into 57 different trades to become filled. The total cost received by the writing party (or parties) was $31.5K, with a price of $410.0 per contract. There were 1243 open contracts at this strike prior to today, and today 315 contract(s) were bought and sold.

• Regarding CVX CVX, we observe a put option trade with bearish sentiment. It expires in 42 day(s) on January 20, 2023. Parties traded 100 contract(s) at a $175.00 strike. The total cost received by the writing party (or parties) was $95.0K, with a price of $950.0 per contract. There were 3292 open contracts at this strike prior to today, and today 257 contract(s) were bought and sold.

• For DVN DVN, we notice a call option trade that happens to be neutral, expiring in 21 day(s) on December 30, 2022. This event was a transfer of 200 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $60.0K, with a price of $300.0 per contract. There were 54 open contracts at this strike prior to today, and today 225 contract(s) were bought and sold.

• For FANG FANG, we notice a call option sweep that happens to be bullish, expiring in 406 day(s) on January 19, 2024. This event was a transfer of 20 contract(s) at a $136.19 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $49.2K, with a price of $2460.0 per contract. There were 172 open contracts at this strike prior to today, and today 170 contract(s) were bought and sold.

• Regarding COP COP, we observe a put option trade with bearish sentiment. It expires in 42 day(s) on January 20, 2023. Parties traded 80 contract(s) at a $105.00 strike. The total cost received by the writing party (or parties) was $30.1K, with a price of $377.0 per contract. There were 2655 open contracts at this strike prior to today, and today 123 contract(s) were bought and sold.

• Regarding OKE OKE, we observe a call option sweep with bearish sentiment. It expires in 406 day(s) on January 19, 2024. Parties traded 119 contract(s) at a $72.50 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $58.3K, with a price of $490.0 per contract. There were 357 open contracts at this strike prior to today, and today 119 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.