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 |
|---|---|---|---|---|---|---|---|---|
| BA | PUT | SWEEP | BULLISH | 09/08/23 | $225.00 | $41.3K | 950 | 868 |
| UAL | PUT | TRADE | BEARISH | 09/08/23 | $49.00 | $27.0K | 1.0K | 564 |
| LMT | CALL | SWEEP | BEARISH | 09/15/23 | $445.00 | $325.5K | 428 | 435 |
| ITT | CALL | SWEEP | BEARISH | 10/20/23 | $105.00 | $55.5K | 272 | 210 |
| AAL | CALL | SWEEP | BEARISH | 12/19/25 | $20.00 | $30.4K | 1.5K | 167 |
| CAT | PUT | SWEEP | BULLISH | 10/20/23 | $280.00 | $99.9K | 792 | 51 |
| UPS | PUT | TRADE | BULLISH | 11/17/23 | $210.00 | $63.1K | 0 | 15 |
| NOC | CALL | SWEEP | BEARISH | 09/29/23 | $400.00 | $37.0K | 10 | 0 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding BA BA, we observe a put option sweep with bullish sentiment. It expires in 7 day(s) on September 8, 2023. Parties traded 125 contract(s) at a $225.00 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 $41.3K, with a price of $333.0 per contract. There were 950 open contracts at this strike prior to today, and today 868 contract(s) were bought and sold.
• For UAL UAL, we notice a put option trade that happens to be bearish, expiring in 7 day(s) on September 8, 2023. This event was a transfer of 500 contract(s) at a $49.00 strike. The total cost received by the writing party (or parties) was $27.0K, with a price of $54.0 per contract. There were 1015 open contracts at this strike prior to today, and today 564 contract(s) were bought and sold.
• Regarding LMT LMT, we observe a call option sweep with bearish sentiment. It expires in 14 day(s) on September 15, 2023. Parties traded 434 contract(s) at a $445.00 strike. This particular call needed to be split into 48 different trades to become filled. The total cost received by the writing party (or parties) was $325.5K, with a price of $750.0 per contract. There were 428 open contracts at this strike prior to today, and today 435 contract(s) were bought and sold.
• For ITT ITT, we notice a call option sweep that happens to be bearish, expiring in 49 day(s) on October 20, 2023. This event was a transfer of 222 contract(s) at a $105.00 strike. This particular call needed to be split into 33 different trades to become filled. The total cost received by the writing party (or parties) was $55.5K, with a price of $250.0 per contract. There were 272 open contracts at this strike prior to today, and today 210 contract(s) were bought and sold.
• For AAL AAL, we notice a call option sweep that happens to be bearish, expiring in 840 day(s) on December 19, 2025. This event was a transfer of 150 contract(s) at a $20.00 strike. This particular call needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $30.4K, with a price of $203.0 per contract. There were 1549 open contracts at this strike prior to today, and today 167 contract(s) were bought and sold.
• Regarding CAT CAT, we observe a put option sweep with bullish sentiment. It expires in 49 day(s) on October 20, 2023. Parties traded 155 contract(s) at a $280.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $99.9K, with a price of $645.0 per contract. There were 792 open contracts at this strike prior to today, and today 51 contract(s) were bought and sold.
• Regarding UPS UPS, we observe a put option trade with bullish sentiment. It expires in 77 day(s) on November 17, 2023. Parties traded 15 contract(s) at a $210.00 strike. The total cost received by the writing party (or parties) was $63.1K, with a price of $4213.0 per contract. There were 0 open contracts at this strike prior to today, and today 15 contract(s) were bought and sold.
• Regarding NOC NOC, we observe a call option sweep with bearish sentiment. It expires in 28 day(s) on September 29, 2023. Parties traded 10 contract(s) at a $400.00 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 $37.0K, with a price of $3710.0 per contract. There were 10 open contracts at this strike prior to today, and today 0 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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