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 Financials sector:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|
C | PUT | SWEEP | BEARISH | 04/21/23 | $52.50 | $98.5K | 953 | 3.1K |
COIN | CALL | TRADE | BEARISH | 03/03/23 | $63.00 | $136.6K | 1.9K | 2.8K |
HOOD | PUT | TRADE | BULLISH | 04/14/23 | $10.00 | $144.0K | 0 | 2.0K |
SI | PUT | TRADE | BEARISH | 03/17/23 | $15.00 | $184.2K | 16.7K | 1.9K |
JPM | PUT | TRADE | BULLISH | 06/16/23 | $135.00 | $54.8K | 5.4K | 1.3K |
LNC | CALL | TRADE | BEARISH | 01/19/24 | $35.00 | $32.5K | 806 | 905 |
XP | CALL | SWEEP | BEARISH | 04/21/23 | $10.00 | $51.3K | 1 | 808 |
BAC | CALL | SWEEP | BEARISH | 04/21/23 | $33.00 | $45.3K | 4.1K | 464 |
EHTH | CALL | SWEEP | BEARISH | 03/17/23 | $5.00 | $60.0K | 233 | 200 |
TROW | CALL | SWEEP | BEARISH | 07/21/23 | $125.00 | $37.0K | 140 | 97 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding C C, we observe a put option sweep with bearish sentiment. It expires in 49 day(s) on April 21, 2023. Parties traded 478 contract(s) at a $52.50 strike. This particular put needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $98.5K, with a price of $206.0 per contract. There were 953 open contracts at this strike prior to today, and today 3174 contract(s) were bought and sold.
• For COIN COIN, we notice a call option trade that happens to be bearish, is expiring today. Parties traded 602 contract(s) at a $63.00 strike. The total cost received by the writing party (or parties) was $136.6K, with a price of $227.0 per contract. There were 1928 open contracts at this strike prior to today, and today 2836 contract(s) were bought and sold.
• Regarding HOOD HOOD, we observe a put option trade with bullish sentiment. It expires in 42 day(s) on April 14, 2023. Parties traded 2000 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $144.0K, with a price of $72.0 per contract. There were 0 open contracts at this strike prior to today, and today 2000 contract(s) were bought and sold.
• Regarding SI SI, we observe a put option trade with bearish sentiment. It expires in 14 day(s) on March 17, 2023. Parties traded 196 contract(s) at a $15.00 strike. The total cost received by the writing party (or parties) was $184.2K, with a price of $940.0 per contract. There were 16711 open contracts at this strike prior to today, and today 1961 contract(s) were bought and sold.
• For JPM JPM, we notice a put option trade that happens to be bullish, expiring in 105 day(s) on June 16, 2023. This event was a transfer of 136 contract(s) at a $135.00 strike. The total cost received by the writing party (or parties) was $54.8K, with a price of $403.0 per contract. There were 5409 open contracts at this strike prior to today, and today 1358 contract(s) were bought and sold.
• For LNC LNC, we notice a call option trade that happens to be bearish, expiring in 322 day(s) on January 19, 2024. This event was a transfer of 105 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $32.5K, with a price of $310.0 per contract. There were 806 open contracts at this strike prior to today, and today 905 contract(s) were bought and sold.
• For XP XP, we notice a call option sweep that happens to be bearish, expiring in 49 day(s) on April 21, 2023. This event was a transfer of 250 contract(s) at a $10.00 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 $51.3K, with a price of $204.0 per contract. There were 1 open contracts at this strike prior to today, and today 808 contract(s) were bought and sold.
• Regarding BAC BAC, we observe a call option sweep with bearish sentiment. It expires in 49 day(s) on April 21, 2023. Parties traded 219 contract(s) at a $33.00 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 $45.3K, with a price of $207.0 per contract. There were 4169 open contracts at this strike prior to today, and today 464 contract(s) were bought and sold.
• Regarding EHTH EHTH, we observe a call option sweep with bearish sentiment. It expires in 14 day(s) on March 17, 2023. Parties traded 150 contract(s) at a $5.00 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 $60.0K, with a price of $400.0 per contract. There were 233 open contracts at this strike prior to today, and today 200 contract(s) were bought and sold.
• Regarding TROW TROW, we observe a call option sweep with bearish sentiment. It expires in 140 day(s) on July 21, 2023. Parties traded 95 contract(s) at a $125.00 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 $37.0K, with a price of $390.0 per contract. There were 140 open contracts at this strike prior to today, and today 97 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.
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