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.
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 |
---|---|---|---|---|---|---|---|---|
GGAL | CALL | SWEEP | BULLISH | 01/19/24 | $20.00 | $80.6K | 24.5K | 4.6K |
BKU | PUT | SWEEP | BULLISH | 05/19/23 | $20.00 | $33.6K | 769 | 2.3K |
NU | CALL | SWEEP | BEARISH | 10/20/23 | $6.00 | $47.7K | 347 | 2.1K |
SYF | CALL | TRADE | BEARISH | 01/17/25 | $37.00 | $39.0K | 618 | 400 |
SCHW | CALL | SWEEP | NEUTRAL | 01/17/25 | $40.00 | $26.6K | 259 | 254 |
MTB | PUT | TRADE | BEARISH | 05/19/23 | $105.00 | $58.0K | 201 | 200 |
PACW | PUT | TRADE | BULLISH | 06/16/23 | $12.50 | $32.1K | 871 | 200 |
BMA | CALL | SWEEP | BULLISH | 08/18/23 | $17.50 | $51.2K | 52 | 160 |
PRU | PUT | TRADE | BEARISH | 01/19/24 | $72.50 | $27.4K | 113 | 60 |
LNC | PUT | SWEEP | BEARISH | 10/20/23 | $27.50 | $39.0K | 55 | 51 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For GGAL GGAL, we notice a call option sweep that happens to be bullish, expiring in 283 day(s) on January 19, 2024. This event was a transfer of 895 contract(s) at a $20.00 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 $80.6K, with a price of $90.0 per contract. There were 24532 open contracts at this strike prior to today, and today 4639 contract(s) were bought and sold.
• For BKU BKU, we notice a put option sweep that happens to be bullish, expiring in 38 day(s) on May 19, 2023. This event was a transfer of 210 contract(s) at a $20.00 strike. This particular put needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $33.6K, with a price of $160.0 per contract. There were 769 open contracts at this strike prior to today, and today 2324 contract(s) were bought and sold.
• For NU NU, we notice a call option sweep that happens to be bearish, expiring in 192 day(s) on October 20, 2023. This event was a transfer of 1585 contract(s) at a $6.00 strike. This particular call needed to be split into 31 different trades to become filled. The total cost received by the writing party (or parties) was $47.7K, with a price of $30.0 per contract. There were 347 open contracts at this strike prior to today, and today 2152 contract(s) were bought and sold.
• For SYF SYF, we notice a call option trade that happens to be bearish, expiring in 647 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $37.00 strike. The total cost received by the writing party (or parties) was $39.0K, with a price of $390.0 per contract. There were 618 open contracts at this strike prior to today, and today 400 contract(s) were bought and sold.
• For SCHW SCHW, we notice a call option sweep that happens to be neutral, expiring in 647 day(s) on January 17, 2025. This event was a transfer of 14 contract(s) at a $40.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $26.6K, with a price of $1899.0 per contract. There were 259 open contracts at this strike prior to today, and today 254 contract(s) were bought and sold.
• For MTB MTB, we notice a put option trade that happens to be bearish, expiring in 38 day(s) on May 19, 2023. This event was a transfer of 200 contract(s) at a $105.00 strike. The total cost received by the writing party (or parties) was $58.0K, with a price of $290.0 per contract. There were 201 open contracts at this strike prior to today, and today 200 contract(s) were bought and sold.
• For PACW PACW, we notice a put option trade that happens to be bullish, expiring in 66 day(s) on June 16, 2023. This event was a transfer of 100 contract(s) at a $12.50 strike. The total cost received by the writing party (or parties) was $32.1K, with a price of $321.0 per contract. There were 871 open contracts at this strike prior to today, and today 200 contract(s) were bought and sold.
• For BMA BMA, we notice a call option sweep that happens to be bullish, expiring in 129 day(s) on August 18, 2023. This event was a transfer of 160 contract(s) at a $17.50 strike. This particular call needed to be split into 27 different trades to become filled. The total cost received by the writing party (or parties) was $51.2K, with a price of $320.0 per contract. There were 52 open contracts at this strike prior to today, and today 160 contract(s) were bought and sold.
• Regarding PRU PRU, we observe a put option trade with bearish sentiment. It expires in 283 day(s) on January 19, 2024. Parties traded 60 contract(s) at a $72.50 strike. The total cost received by the writing party (or parties) was $27.4K, with a price of $458.0 per contract. There were 113 open contracts at this strike prior to today, and today 60 contract(s) were bought and sold.
• Regarding LNC LNC, we observe a put option sweep with bearish sentiment. It expires in 192 day(s) on October 20, 2023. Parties traded 50 contract(s) at a $27.50 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $39.0K, with a price of $780.0 per contract. There were 55 open contracts at this strike prior to today, and today 51 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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