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.
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 |
|---|---|---|---|---|---|---|---|---|
| AAL | PUT | SWEEP | BEARISH | 05/17/24 | $10.00 | $68.2K | 4.2K | 5.1K |
| FDX | CALL | TRADE | BULLISH | 11/17/23 | $260.00 | $2.4 million | 410 | 2.0K |
| CARR | PUT | SWEEP | BULLISH | 10/20/23 | $50.00 | $39.3K | 2.9K | 1.7K |
| ADP | CALL | SWEEP | BULLISH | 10/20/23 | $245.00 | $28.0K | 12 | 645 |
| UPS | CALL | SWEEP | BEARISH | 11/17/23 | $160.00 | $65.5K | 1.7K | 483 |
| GE | PUT | SWEEP | BEARISH | 12/15/23 | $115.00 | $47.9K | 637 | 131 |
| DE | CALL | TRADE | BEARISH | 01/16/26 | $400.00 | $71.0K | 9 | 11 |
| RUN | PUT | TRADE | BEARISH | 06/21/24 | $15.00 | $66.7K | 4.1K | 0 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For AAL AAL, we notice a put option sweep that happens to be bearish, expiring in 234 day(s) on May 17, 2024. This event was a transfer of 1264 contract(s) at a $10.00 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 $68.2K, with a price of $54.0 per contract. There were 4251 open contracts at this strike prior to today, and today 5106 contract(s) were bought and sold.
• Regarding FDX FDX, we observe a call option trade with bullish sentiment. It expires in 52 day(s) on November 17, 2023. Parties traded 2000 contract(s) at a $260.00 strike. The total cost received by the writing party (or parties) was $2.4 million, with a price of $1205.0 per contract. There were 410 open contracts at this strike prior to today, and today 2004 contract(s) were bought and sold.
• Regarding CARR CARR, we observe a put option sweep with bullish sentiment. It expires in 24 day(s) on October 20, 2023. Parties traded 872 contract(s) at a $50.00 strike. This particular put needed to be split into 40 different trades to become filled. The total cost received by the writing party (or parties) was $39.3K, with a price of $45.0 per contract. There were 2915 open contracts at this strike prior to today, and today 1751 contract(s) were bought and sold.
• For ADP ADP, we notice a call option sweep that happens to be bullish, expiring in 24 day(s) on October 20, 2023. This event was a transfer of 140 contract(s) at a $245.00 strike. This particular call needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $28.0K, with a price of $200.0 per contract. There were 12 open contracts at this strike prior to today, and today 645 contract(s) were bought and sold.
• Regarding UPS UPS, we observe a call option sweep with bearish sentiment. It expires in 52 day(s) on November 17, 2023. Parties traded 208 contract(s) at a $160.00 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 $65.5K, with a price of $315.0 per contract. There were 1793 open contracts at this strike prior to today, and today 483 contract(s) were bought and sold.
• For GE GE, we notice a put option sweep that happens to be bearish, expiring in 80 day(s) on December 15, 2023. This event was a transfer of 62 contract(s) at a $115.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $47.9K, with a price of $775.0 per contract. There were 637 open contracts at this strike prior to today, and today 131 contract(s) were bought and sold.
• Regarding DE DE, we observe a call option trade with bearish sentiment. It expires in 843 day(s) on January 16, 2026. Parties traded 10 contract(s) at a $400.00 strike. The total cost received by the writing party (or parties) was $71.0K, with a price of $7100.0 per contract. There were 9 open contracts at this strike prior to today, and today 11 contract(s) were bought and sold.
• Regarding RUN RUN, we observe a put option trade with bearish sentiment. It expires in 269 day(s) on June 21, 2024. Parties traded 150 contract(s) at a $15.00 strike. The total cost received by the writing party (or parties) was $66.7K, with a price of $445.0 per contract. There were 4108 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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