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 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:

Explanation

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

• Regarding PACW PACW, we observe a put option sweep with bullish sentiment. It expires in 7 day(s) on May 26, 2023. Parties traded 4000 contract(s) at a $3.50 strike. This particular put needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $60.0K, with a price of $15.0 per contract. There were 11551 open contracts at this strike prior to today, and today 9851 contract(s) were bought and sold.

• For NYCB NYCB, we notice a call option sweep that happens to be bullish, expiring in 210 day(s) on December 15, 2023. This event was a transfer of 550 contract(s) at a $13.00 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 $27.5K, with a price of $50.0 per contract. There were 30222 open contracts at this strike prior to today, and today 4204 contract(s) were bought and sold.

• Regarding COF COF, we observe a put option sweep with bullish sentiment. It expires in 119 day(s) on September 15, 2023. Parties traded 53 contract(s) at a $100.00 strike. This particular put needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $46.6K, with a price of $880.0 per contract. There were 1507 open contracts at this strike prior to today, and today 3002 contract(s) were bought and sold.

• For TRUP TRUP, we notice a put option sweep that happens to be bearish, expiring in 28 day(s) on June 16, 2023. This event was a transfer of 503 contract(s) at a $20.00 strike. This particular put needed to be split into 26 different trades to become filled. The total cost received by the writing party (or parties) was $77.9K, with a price of $150.0 per contract. There were 1513 open contracts at this strike prior to today, and today 1369 contract(s) were bought and sold.

• For BAC BAC, we notice a call option trade that happens to be bearish, expiring in 91 day(s) on August 18, 2023. This event was a transfer of 200 contract(s) at a $29.00 strike. The total cost received by the writing party (or parties) was $26.4K, with a price of $132.0 per contract. There were 4537 open contracts at this strike prior to today, and today 1037 contract(s) were bought and sold.

• Regarding WAL WAL, we observe a put option sweep with bullish sentiment. It expires in 119 day(s) on September 15, 2023. Parties traded 50 contract(s) at a $32.50 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $31.0K, with a price of $620.0 per contract. There were 135 open contracts at this strike prior to today, and today 253 contract(s) were bought and sold.

• Regarding NU NU, we observe a call option sweep with bearish sentiment. It expires in 7 day(s) on May 26, 2023. Parties traded 1200 contract(s) at a $6.00 strike. This particular call needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $66.3K, with a price of $55.0 per contract. There were 3120 open contracts at this strike prior to today, and today 221 contract(s) were bought and sold.

• Regarding C C, we observe a call option sweep with bullish sentiment. It expires in 119 day(s) on September 15, 2023. Parties traded 150 contract(s) at a $46.00 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 $47.9K, with a price of $320.0 per contract. There were 1422 open contracts at this strike prior to today, and today 154 contract(s) were bought and sold.

• For HLI HLI, we notice a put option sweep that happens to be bullish, is expiring today. Parties traded 102 contract(s) at a $90.00 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 $26.5K, with a price of $260.0 per contract. There were 387 open contracts at this strike prior to today, and today 40 contract(s) were bought and sold.

• Regarding DFS DFS, we observe a call option trade with bullish sentiment. It expires in 154 day(s) on October 20, 2023. Parties traded 25 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $38.2K, with a price of $1530.0 per contract. There were 116 open contracts at this strike prior to today, and today 25 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.