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 itemized elaborations have been created using the accompanying table.

• For BAC BAC, we notice a put option sweep that happens to be bullish, expiring in 4 day(s) on June 9, 2023. This event was a transfer of 1500 contract(s) at a $28.50 strike. This particular put needed to be split into 28 different trades to become filled. The total cost received by the writing party (or parties) was $45.0K, with a price of $30.0 per contract. There were 2665 open contracts at this strike prior to today, and today 7557 contract(s) were bought and sold.

• Regarding COIN COIN, we observe a call option trade with bearish sentiment. It expires in 11 day(s) on June 16, 2023. Parties traded 100 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $27.2K, with a price of $272.0 per contract. There were 6692 open contracts at this strike prior to today, and today 3236 contract(s) were bought and sold.

• Regarding SOFI SOFI, we observe a call option trade with bullish sentiment. It expires in 228 day(s) on January 19, 2024. Parties traded 100 contract(s) at a $5.00 strike. The total cost received by the writing party (or parties) was $28.2K, with a price of $282.0 per contract. There were 63910 open contracts at this strike prior to today, and today 1897 contract(s) were bought and sold.

• For MS MS, we notice a call option sweep that happens to be bearish, expiring in 46 day(s) on July 21, 2023. This event was a transfer of 507 contract(s) at a $90.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $41.1K, with a price of $82.0 per contract. There were 7429 open contracts at this strike prior to today, and today 670 contract(s) were bought and sold.

• Regarding CFG CFG, we observe a put option sweep with bullish sentiment. It expires in 11 day(s) on June 16, 2023. Parties traded 500 contract(s) at a $27.50 strike. This particular put needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $37.5K, with a price of $75.0 per contract. There were 1535 open contracts at this strike prior to today, and today 579 contract(s) were bought and sold.

• Regarding CMA CMA, we observe a call option sweep with bullish sentiment. It expires in 4 day(s) on June 9, 2023. Parties traded 200 contract(s) at a $40.50 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $25.0K, with a price of $125.0 per contract. There were 8 open contracts at this strike prior to today, and today 508 contract(s) were bought and sold.

• Regarding UPST UPST, we observe a call option trade with bearish sentiment. It expires in 25 day(s) on June 30, 2023. Parties traded 120 contract(s) at a $29.00 strike. The total cost received by the writing party (or parties) was $34.8K, with a price of $290.0 per contract. There were 140 open contracts at this strike prior to today, and today 334 contract(s) were bought and sold.

• Regarding USB USB, we observe a put option sweep with bullish sentiment. It expires in 102 day(s) on September 15, 2023. Parties traded 80 contract(s) at a $32.50 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 $27.2K, with a price of $340.0 per contract. There were 4011 open contracts at this strike prior to today, and today 314 contract(s) were bought and sold.

• Regarding BX BX, we observe a call option sweep with bullish sentiment. It expires in 46 day(s) on July 21, 2023. Parties traded 100 contract(s) at a $90.00 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 $26.5K, with a price of $265.0 per contract. There were 4826 open contracts at this strike prior to today, and today 286 contract(s) were bought and sold.

• For C C, we notice a call option sweep that happens to be bearish, expiring in 193 day(s) on December 15, 2023. This event was a transfer of 150 contract(s) at a $50.00 strike. This particular call needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $30.9K, with a price of $206.0 per contract. There were 4005 open contracts at this strike prior to today, and today 41 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.