10 Financials Stocks Whale Activity In Today's Session

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:

Explanation

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

• Regarding WFC WFC, we observe a put option trade with bullish sentiment. It expires in 273 day(s) on January 19, 2024. Parties traded 100 contract(s) at a $37.50 strike. The total cost received by the writing party (or parties) was $25.4K, with a price of $255.0 per contract. There were 29355 open contracts at this strike prior to today, and today 6536 contract(s) were bought and sold.

• For TFC TFC, we notice a put option sweep that happens to be bearish, expiring in 28 day(s) on May 19, 2023. This event was a transfer of 130 contract(s) at a $32.50 strike. This particular put needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $29.8K, with a price of $230.0 per contract. There were 2090 open contracts at this strike prior to today, and today 5364 contract(s) were bought and sold.

• For KEY KEY, we notice a call option trade that happens to be bearish, expiring in 28 day(s) on May 19, 2023. This event was a transfer of 3400 contract(s) at a $13.00 strike. The total cost received by the writing party (or parties) was $34.0K, with a price of $10.0 per contract. There were 5300 open contracts at this strike prior to today, and today 4489 contract(s) were bought and sold.

• For HBAN HBAN, we notice a call option sweep that happens to be bearish, expiring in 28 day(s) on May 19, 2023. This event was a transfer of 3729 contract(s) at a $12.00 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 $55.9K, with a price of $15.0 per contract. There were 4591 open contracts at this strike prior to today, and today 4360 contract(s) were bought and sold.

• For RF RF, we notice a call option sweep that happens to be bearish, expiring in 28 day(s) on May 19, 2023. This event was a transfer of 3186 contract(s) at a $20.00 strike. This particular call needed to be split into 78 different trades to become filled. The total cost received by the writing party (or parties) was $32.1K, with a price of $10.0 per contract. There were 2630 open contracts at this strike prior to today, and today 3230 contract(s) were bought and sold.

• For CFG CFG, we notice a call option trade that happens to be bearish, expiring in 56 day(s) on June 16, 2023. This event was a transfer of 1720 contract(s) at a $32.50 strike. The total cost received by the writing party (or parties) was $51.6K, with a price of $30.0 per contract. There were 1 open contracts at this strike prior to today, and today 1731 contract(s) were bought and sold.

• Regarding GS GS, we observe a call option sweep with bearish sentiment. It expires in 7 day(s) on April 28, 2023. Parties traded 85 contract(s) at a $337.50 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 $45.0K, with a price of $530.0 per contract. There were 626 open contracts at this strike prior to today, and today 510 contract(s) were bought and sold.

• For USB USB, we notice a call option sweep that happens to be bullish, expiring in 147 day(s) on September 15, 2023. This event was a transfer of 284 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 $26.9K, with a price of $95.0 per contract. There were 4747 open contracts at this strike prior to today, and today 493 contract(s) were bought and sold.

• For BX BX, we notice a put option trade that happens to be bearish, expiring in 273 day(s) on January 19, 2024. This event was a transfer of 43 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $46.8K, with a price of $1090.0 per contract. There were 4563 open contracts at this strike prior to today, and today 390 contract(s) were bought and sold.

• For RJF RJF, we notice a call option sweep that happens to be neutral, expiring in 56 day(s) on June 16, 2023. This event was a transfer of 255 contract(s) at a $100.00 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 $62.4K, with a price of $245.0 per contract. There were 0 open contracts at this strike prior to today, and today 255 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.