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
AAL CALL SWEEP BULLISH 06/16/23 $18.00 $35.0K 9.1K 7.0K
UAL CALL SWEEP BULLISH 06/16/23 $55.00 $180.0K 10.6K 4.5K
BA CALL SWEEP BEARISH 06/16/23 $215.00 $98.2K 7.2K 4.4K
HON CALL TRADE BEARISH 05/19/23 $210.00 $161.5K 173 3.9K
GXO CALL SWEEP BEARISH 07/21/23 $60.00 $31.5K 2.5K 1.0K
ENVX PUT SWEEP BEARISH 04/21/23 $12.00 $117.8K 0 842
NETI CALL SWEEP BEARISH 04/21/23 $10.00 $33.1K 15 783
DAL CALL SWEEP BULLISH 06/16/23 $34.00 $29.1K 2.0K 298
DE CALL SWEEP BEARISH 05/19/23 $430.00 $33.6K 21 287
URI PUT SWEEP BULLISH 03/31/23 $410.00 $51.0K 96 107

Explanation

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

• Regarding AAL AAL, we observe a call option sweep with bullish sentiment. It expires in 87 day(s) on June 16, 2023. Parties traded 1000 contract(s) at a $18.00 strike. This particular call needed to be split into 33 different trades to become filled. The total cost received by the writing party (or parties) was $35.0K, with a price of $35.0 per contract. There were 9179 open contracts at this strike prior to today, and today 7054 contract(s) were bought and sold.

• For UAL UAL, we notice a call option sweep that happens to be bullish, expiring in 87 day(s) on June 16, 2023. This event was a transfer of 2000 contract(s) at a $55.00 strike. This particular call needed to be split into 55 different trades to become filled. The total cost received by the writing party (or parties) was $180.0K, with a price of $90.0 per contract. There were 10696 open contracts at this strike prior to today, and today 4534 contract(s) were bought and sold.

• Regarding BA BA, we observe a call option sweep with bearish sentiment. It expires in 87 day(s) on June 16, 2023. Parties traded 94 contract(s) at a $215.00 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 $98.2K, with a price of $1045.0 per contract. There were 7293 open contracts at this strike prior to today, and today 4468 contract(s) were bought and sold.

• Regarding HON HON, we observe a call option trade with bearish sentiment. It expires in 59 day(s) on May 19, 2023. Parties traded 1900 contract(s) at a $210.00 strike. The total cost received by the writing party (or parties) was $161.5K, with a price of $85.0 per contract. There were 173 open contracts at this strike prior to today, and today 3907 contract(s) were bought and sold.

• Regarding GXO GXO, we observe a call option sweep with bearish sentiment. It expires in 122 day(s) on July 21, 2023. Parties traded 315 contract(s) at a $60.00 strike. This particular call needed to be split into 29 different trades to become filled. The total cost received by the writing party (or parties) was $31.5K, with a price of $100.0 per contract. There were 2559 open contracts at this strike prior to today, and today 1000 contract(s) were bought and sold.

• Regarding ENVX ENVX, we observe a put option sweep with bearish sentiment. It expires in 31 day(s) on April 21, 2023. Parties traded 842 contract(s) at a $12.00 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 $117.8K, with a price of $140.0 per contract. There were 0 open contracts at this strike prior to today, and today 842 contract(s) were bought and sold.

• Regarding NETI NETI, we observe a call option sweep with bearish sentiment. It expires in 31 day(s) on April 21, 2023. Parties traded 500 contract(s) at a $10.00 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 $33.1K, with a price of $80.0 per contract. There were 15 open contracts at this strike prior to today, and today 783 contract(s) were bought and sold.

• Regarding DAL DAL, we observe a call option sweep with bullish sentiment. It expires in 87 day(s) on June 16, 2023. Parties traded 104 contract(s) at a $34.00 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 $29.1K, with a price of $280.0 per contract. There were 2070 open contracts at this strike prior to today, and today 298 contract(s) were bought and sold.

• For DE DE, we notice a call option sweep that happens to be bearish, expiring in 59 day(s) on May 19, 2023. This event was a transfer of 40 contract(s) at a $430.00 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 $33.6K, with a price of $840.0 per contract. There were 21 open contracts at this strike prior to today, and today 287 contract(s) were bought and sold.

• For URI URI, we notice a put option sweep that happens to be bullish, expiring in 10 day(s) on March 31, 2023. This event was a transfer of 30 contract(s) at a $410.00 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 $51.0K, with a price of $1710.0 per contract. There were 96 open contracts at this strike prior to today, and today 107 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.

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