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 |
---|---|---|---|---|---|---|---|---|
BAC | PUT | SWEEP | BULLISH | 11/17/23 | $27.00 | $56.5K | 15.6K | 1.3K |
C | CALL | TRADE | BEARISH | 12/15/23 | $41.00 | $37.8K | 1.8K | 283 |
USB | PUT | SWEEP | BULLISH | 01/19/24 | $30.00 | $32.1K | 11.5K | 239 |
MS | CALL | SWEEP | BULLISH | 01/19/24 | $75.00 | $42.2K | 1.5K | 209 |
OZK | CALL | SWEEP | BULLISH | 10/20/23 | $36.00 | $25.0K | 0 | 200 |
WFC | PUT | SWEEP | BEARISH | 01/19/24 | $42.50 | $25.9K | 30.3K | 133 |
ZION | CALL | TRADE | BULLISH | 01/19/24 | $12.50 | $105.5K | 3.1K | 101 |
TFC | CALL | SWEEP | BULLISH | 01/17/25 | $32.50 | $26.5K | 1.3K | 100 |
JPM | PUT | SWEEP | BEARISH | 10/20/23 | $150.00 | $32.5K | 4.2K | 66 |
AXP | PUT | SWEEP | BULLISH | 01/17/25 | $115.00 | $27.0K | 406 | 50 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding BAC BAC, we observe a put option sweep with bullish sentiment. It expires in 46 day(s) on November 17, 2023. Parties traded 500 contract(s) at a $27.00 strike. This particular put needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $56.5K, with a price of $113.0 per contract. There were 15619 open contracts at this strike prior to today, and today 1308 contract(s) were bought and sold.
• For C C, we notice a call option trade that happens to be bearish, expiring in 74 day(s) on December 15, 2023. This event was a transfer of 215 contract(s) at a $41.00 strike. The total cost received by the writing party (or parties) was $37.8K, with a price of $176.0 per contract. There were 1888 open contracts at this strike prior to today, and today 283 contract(s) were bought and sold.
• For USB USB, we notice a put option sweep that happens to be bullish, expiring in 109 day(s) on January 19, 2024. This event was a transfer of 195 contract(s) at a $30.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $32.1K, with a price of $165.0 per contract. There were 11554 open contracts at this strike prior to today, and today 239 contract(s) were bought and sold.
• For MS MS, we notice a call option sweep that happens to be bullish, expiring in 109 day(s) on January 19, 2024. This event was a transfer of 50 contract(s) at a $75.00 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 $42.2K, with a price of $845.0 per contract. There were 1519 open contracts at this strike prior to today, and today 209 contract(s) were bought and sold.
• Regarding OZK OZK, we observe a call option sweep with bullish sentiment. It expires in 18 day(s) on October 20, 2023. Parties traded 200 contract(s) at a $36.00 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 $25.0K, with a price of $125.0 per contract. There were 0 open contracts at this strike prior to today, and today 200 contract(s) were bought and sold.
• Regarding WFC WFC, we observe a put option sweep with bearish sentiment. It expires in 109 day(s) on January 19, 2024. Parties traded 64 contract(s) at a $42.50 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 $25.9K, with a price of $405.0 per contract. There were 30397 open contracts at this strike prior to today, and today 133 contract(s) were bought and sold.
• Regarding ZION ZION, we observe a call option trade with bullish sentiment. It expires in 109 day(s) on January 19, 2024. Parties traded 50 contract(s) at a $12.50 strike. The total cost received by the writing party (or parties) was $105.5K, with a price of $2110.0 per contract. There were 3156 open contracts at this strike prior to today, and today 101 contract(s) were bought and sold.
• Regarding TFC TFC, we observe a call option sweep with bullish sentiment. It expires in 473 day(s) on January 17, 2025. Parties traded 100 contract(s) at a $32.50 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 $26.5K, with a price of $265.0 per contract. There were 1303 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold.
• Regarding JPM JPM, we observe a put option sweep with bearish sentiment. It expires in 18 day(s) on October 20, 2023. Parties traded 39 contract(s) at a $150.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $32.5K, with a price of $835.0 per contract. There were 4247 open contracts at this strike prior to today, and today 66 contract(s) were bought and sold.
• Regarding AXP AXP, we observe a put option sweep with bullish sentiment. It expires in 473 day(s) on January 17, 2025. Parties traded 50 contract(s) at a $115.00 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $27.0K, with a price of $540.0 per contract. There were 406 open contracts at this strike prior to today, and today 50 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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