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 |
---|---|---|---|---|---|---|---|---|
PACW | CALL | SWEEP | BEARISH | 03/31/23 | $9.50 | $65.6K | 1.4K | 12.2K |
C | PUT | SWEEP | BEARISH | 04/21/23 | $45.00 | $69.7K | 27.2K | 2.6K |
MET | PUT | SWEEP | BEARISH | 09/15/23 | $50.00 | $70.0K | 1.2K | 1.1K |
CFG | CALL | SWEEP | BEARISH | 09/15/23 | $40.00 | $61.7K | 595 | 1.0K |
JPM | CALL | SWEEP | BEARISH | 04/06/23 | $129.00 | $38.3K | 1.0K | 754 |
BAC | CALL | TRADE | BULLISH | 06/21/24 | $32.00 | $180.0K | 18.6K | 601 |
SCHW | CALL | TRADE | NEUTRAL | 05/19/23 | $55.00 | $40.0K | 2.6K | 409 |
FRC | PUT | SWEEP | BULLISH | 01/19/24 | $7.50 | $120.0K | 1.2K | 400 |
ALL | CALL | SWEEP | BULLISH | 05/19/23 | $115.00 | $98.0K | 153 | 394 |
FUTU | CALL | TRADE | NEUTRAL | 08/18/23 | $60.00 | $36.1K | 139 | 99 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For PACW PACW, we notice a call option sweep that happens to be bearish, expiring in 2 day(s) on March 31, 2023. This event was a transfer of 1458 contract(s) at a $9.50 strike. This particular call needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $65.6K, with a price of $45.0 per contract. There were 1495 open contracts at this strike prior to today, and today 12272 contract(s) were bought and sold.
• For C C, we notice a put option sweep that happens to be bearish, expiring in 23 day(s) on April 21, 2023. This event was a transfer of 567 contract(s) at a $45.00 strike. This particular put needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $69.7K, with a price of $123.0 per contract. There were 27232 open contracts at this strike prior to today, and today 2696 contract(s) were bought and sold.
• For MET MET, we notice a put option sweep that happens to be bearish, expiring in 170 day(s) on September 15, 2023. This event was a transfer of 250 contract(s) at a $50.00 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 $70.0K, with a price of $280.0 per contract. There were 1201 open contracts at this strike prior to today, and today 1128 contract(s) were bought and sold.
• For CFG CFG, we notice a call option sweep that happens to be bearish, expiring in 170 day(s) on September 15, 2023. This event was a transfer of 948 contract(s) at a $40.00 strike. This particular call needed to be split into 38 different trades to become filled. The total cost received by the writing party (or parties) was $61.7K, with a price of $65.0 per contract. There were 595 open contracts at this strike prior to today, and today 1080 contract(s) were bought and sold.
• For JPM JPM, we notice a call option sweep that happens to be bearish, expiring in 8 day(s) on April 6, 2023. This event was a transfer of 200 contract(s) at a $129.00 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 $38.3K, with a price of $192.0 per contract. There were 1027 open contracts at this strike prior to today, and today 754 contract(s) were bought and sold.
• Regarding BAC BAC, we observe a call option trade with bullish sentiment. It expires in 450 day(s) on June 21, 2024. Parties traded 600 contract(s) at a $32.00 strike. The total cost received by the writing party (or parties) was $180.0K, with a price of $300.0 per contract. There were 18666 open contracts at this strike prior to today, and today 601 contract(s) were bought and sold.
• For SCHW SCHW, we notice a call option trade that happens to be neutral, expiring in 51 day(s) on May 19, 2023. This event was a transfer of 100 contract(s) at a $55.00 strike. The total cost received by the writing party (or parties) was $40.0K, with a price of $400.0 per contract. There were 2628 open contracts at this strike prior to today, and today 409 contract(s) were bought and sold.
• Regarding FRC FRC, we observe a put option sweep with bullish sentiment. It expires in 296 day(s) on January 19, 2024. Parties traded 387 contract(s) at a $7.50 strike. This particular put needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $120.0K, with a price of $310.0 per contract. There were 1212 open contracts at this strike prior to today, and today 400 contract(s) were bought and sold.
• For ALL ALL, we notice a call option sweep that happens to be bullish, expiring in 51 day(s) on May 19, 2023. This event was a transfer of 370 contract(s) at a $115.00 strike. This particular call needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $98.0K, with a price of $265.0 per contract. There were 153 open contracts at this strike prior to today, and today 394 contract(s) were bought and sold.
• Regarding FUTU FUTU, we observe a call option trade with neutral sentiment. It expires in 142 day(s) on August 18, 2023. Parties traded 90 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $36.1K, with a price of $402.0 per contract. There were 139 open contracts at this strike prior to today, and today 99 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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.