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 |
---|---|---|---|---|---|---|---|---|
DM | CALL | SWEEP | BULLISH | 09/15/23 | $2.00 | $28.1K | 2.4K | 18.3K |
DDD | CALL | TRADE | BULLISH | 01/19/24 | $10.00 | $25.0K | 3.2K | 1.0K |
FTV | CALL | TRADE | BEARISH | 09/15/23 | $70.00 | $275.6K | 1.4K | 639 |
UAL | PUT | TRADE | BULLISH | 09/15/23 | $50.00 | $51.3K | 6.5K | 534 |
UNP | CALL | SWEEP | BULLISH | 09/15/23 | $225.00 | $58.2K | 1.5K | 511 |
BA | PUT | TRADE | BEARISH | 10/20/23 | $230.00 | $31.7K | 1.6K | 329 |
TGI | CALL | TRADE | BULLISH | 01/17/25 | $10.00 | $25.0K | 85 | 100 |
ETN | CALL | TRADE | NEUTRAL | 01/17/25 | $230.00 | $34.3K | 50 | 12 |
AXON | PUT | TRADE | BULLISH | 12/20/24 | $220.00 | $38.1K | 51 | 11 |
GTLS | CALL | SWEEP | BEARISH | 12/20/24 | $165.00 | $48.8K | 10 | 10 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For DM DM, we notice a call option sweep that happens to be bullish, expiring in 16 day(s) on September 15, 2023. This event was a transfer of 1875 contract(s) at a $2.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $28.1K, with a price of $15.0 per contract. There were 2470 open contracts at this strike prior to today, and today 18332 contract(s) were bought and sold.
• Regarding DDD DDD, we observe a call option trade with bullish sentiment. It expires in 142 day(s) on January 19, 2024. Parties traded 1000 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $25.0K, with a price of $25.0 per contract. There were 3282 open contracts at this strike prior to today, and today 1050 contract(s) were bought and sold.
• For FTV FTV, we notice a call option trade that happens to be bearish, expiring in 16 day(s) on September 15, 2023. This event was a transfer of 299 contract(s) at a $70.00 strike. The total cost received by the writing party (or parties) was $275.6K, with a price of $922.0 per contract. There were 1400 open contracts at this strike prior to today, and today 639 contract(s) were bought and sold.
• Regarding UAL UAL, we observe a put option trade with bullish sentiment. It expires in 16 day(s) on September 15, 2023. Parties traded 480 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $51.3K, with a price of $107.0 per contract. There were 6544 open contracts at this strike prior to today, and today 534 contract(s) were bought and sold.
• For UNP UNP, we notice a call option sweep that happens to be bullish, expiring in 16 day(s) on September 15, 2023. This event was a transfer of 348 contract(s) at a $225.00 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 $58.2K, with a price of $165.0 per contract. There were 1533 open contracts at this strike prior to today, and today 511 contract(s) were bought and sold.
• Regarding BA BA, we observe a put option trade with bearish sentiment. It expires in 51 day(s) on October 20, 2023. Parties traded 38 contract(s) at a $230.00 strike. The total cost received by the writing party (or parties) was $31.7K, with a price of $835.0 per contract. There were 1627 open contracts at this strike prior to today, and today 329 contract(s) were bought and sold.
• Regarding TGI TGI, we observe a call option trade with bullish sentiment. It expires in 506 day(s) on January 17, 2025. Parties traded 100 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $25.0K, with a price of $250.0 per contract. There were 85 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold.
• For ETN ETN, we notice a call option trade that happens to be neutral, expiring in 506 day(s) on January 17, 2025. This event was a transfer of 10 contract(s) at a $230.00 strike. The total cost received by the writing party (or parties) was $34.3K, with a price of $3430.0 per contract. There were 50 open contracts at this strike prior to today, and today 12 contract(s) were bought and sold.
• Regarding AXON AXON, we observe a put option trade with bullish sentiment. It expires in 478 day(s) on December 20, 2024. Parties traded 11 contract(s) at a $220.00 strike. The total cost received by the writing party (or parties) was $38.1K, with a price of $3470.0 per contract. There were 51 open contracts at this strike prior to today, and today 11 contract(s) were bought and sold.
• Regarding GTLS GTLS, we observe a call option sweep with bearish sentiment. It expires in 478 day(s) on December 20, 2024. Parties traded 10 contract(s) at a $165.00 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 $48.8K, with a price of $4886.0 per contract. There were 10 open contracts at this strike prior to today, and today 10 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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