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.
Here's the list of options activity happening in today's session:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|
BA | CALL | TRADE | BULLISH | 02/17/23 | $220.00 | $63.8K | 4.8K | 2.7K |
FDX | CALL | SWEEP | BULLISH | 02/03/23 | $195.00 | $44.5K | 1.3K | 1.2K |
GFF | CALL | TRADE | BULLISH | 03/17/23 | $50.00 | $27.5K | 4.0K | 1.0K |
AAL | PUT | TRADE | BULLISH | 01/19/24 | $17.00 | $27.5K | 31.0K | 456 |
ODFL | CALL | TRADE | BEARISH | 02/17/23 | $380.00 | $87.5K | 0 | 356 |
UBER | PUT | SWEEP | BULLISH | 09/15/23 | $25.00 | $36.1K | 3.3K | 334 |
LUV | PUT | SWEEP | BEARISH | 03/17/23 | $37.50 | $54.7K | 1.6K | 308 |
CHRW | CALL | SWEEP | NEUTRAL | 05/19/23 | $115.00 | $48.6K | 369 | 280 |
UPS | PUT | SWEEP | BEARISH | 02/17/23 | $185.00 | $33.5K | 759 | 235 |
YELL | CALL | SWEEP | BULLISH | 04/21/23 | $2.50 | $26.0K | 964 | 200 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For BA BA, we notice a call option trade that happens to be bullish, expiring in 16 day(s) on February 17, 2023. This event was a transfer of 175 contract(s) at a $220.00 strike. The total cost received by the writing party (or parties) was $63.8K, with a price of $365.0 per contract. There were 4884 open contracts at this strike prior to today, and today 2746 contract(s) were bought and sold.
• For FDX FDX, we notice a call option sweep that happens to be bullish, expiring in 2 day(s) on February 3, 2023. This event was a transfer of 91 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 $44.5K, with a price of $490.0 per contract. There were 1333 open contracts at this strike prior to today, and today 1251 contract(s) were bought and sold.
• For GFF GFF, we notice a call option trade that happens to be bullish, expiring in 44 day(s) on March 17, 2023. This event was a transfer of 500 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $27.5K, with a price of $55.0 per contract. There were 4040 open contracts at this strike prior to today, and today 1000 contract(s) were bought and sold.
• For AAL AAL, we notice a put option trade that happens to be bullish, expiring in 352 day(s) on January 19, 2024. This event was a transfer of 100 contract(s) at a $17.00 strike. The total cost received by the writing party (or parties) was $27.5K, with a price of $275.0 per contract. There were 31000 open contracts at this strike prior to today, and today 456 contract(s) were bought and sold.
• Regarding ODFL ODFL, we observe a call option trade with bearish sentiment. It expires in 16 day(s) on February 17, 2023. Parties traded 250 contract(s) at a $380.00 strike. The total cost received by the writing party (or parties) was $87.5K, with a price of $350.0 per contract. There were 0 open contracts at this strike prior to today, and today 356 contract(s) were bought and sold.
• For UBER UBER, we notice a put option sweep that happens to be bullish, expiring in 226 day(s) on September 15, 2023. This event was a transfer of 180 contract(s) at a $25.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $36.1K, with a price of $201.0 per contract. There were 3304 open contracts at this strike prior to today, and today 334 contract(s) were bought and sold.
• For LUV LUV, we notice a put option sweep that happens to be bearish, expiring in 44 day(s) on March 17, 2023. This event was a transfer of 199 contract(s) at a $37.50 strike. This particular put needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $54.7K, with a price of $275.0 per contract. There were 1632 open contracts at this strike prior to today, and today 308 contract(s) were bought and sold.
• Regarding CHRW CHRW, we observe a call option sweep with neutral sentiment. It expires in 107 day(s) on May 19, 2023. Parties traded 278 contract(s) at a $115.00 strike. This particular call needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $48.6K, with a price of $175.0 per contract. There were 369 open contracts at this strike prior to today, and today 280 contract(s) were bought and sold.
• Regarding UPS UPS, we observe a put option sweep with bearish sentiment. It expires in 16 day(s) on February 17, 2023. Parties traded 50 contract(s) at a $185.00 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 $33.5K, with a price of $670.0 per contract. There were 759 open contracts at this strike prior to today, and today 235 contract(s) were bought and sold.
• Regarding YELL YELL, we observe a call option sweep with bullish sentiment. It expires in 79 day(s) on April 21, 2023. Parties traded 200 contract(s) at a $2.50 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 $26.0K, with a price of $130.0 per contract. There were 964 open contracts at this strike prior to today, and today 200 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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