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.

Here's the list of options activity happening in today's session:

Explanation

These bullet-by-bullet explanations have been constructed using the accompanying table.

• For BAC BAC, we notice a put option sweep that happens to be bullish, expiring in 472 day(s) on January 17, 2025. This event was a transfer of 500 contract(s) at a $25.00 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 $128.5K, with a price of $257.0 per contract. There were 45393 open contracts at this strike prior to today, and today 5264 contract(s) were bought and sold.

• For BX BX, we notice a put option sweep that happens to be bullish, expiring in 73 day(s) on December 15, 2023. This event was a transfer of 366 contract(s) at a $105.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $250.7K, with a price of $685.0 per contract. There were 1855 open contracts at this strike prior to today, and today 700 contract(s) were bought and sold.

• Regarding SCHW SCHW, we observe a put option sweep with bearish sentiment. It expires in 17 day(s) on October 20, 2023. Parties traded 170 contract(s) at a $51.00 strike. This particular put needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $35.3K, with a price of $208.0 per contract. There were 211 open contracts at this strike prior to today, and today 697 contract(s) were bought and sold.

• For XP XP, we notice a put option sweep that happens to be bearish, expiring in 17 day(s) on October 20, 2023. This event was a transfer of 500 contract(s) at a $21.00 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 $30.0K, with a price of $60.0 per contract. There were 41 open contracts at this strike prior to today, and today 501 contract(s) were bought and sold.

• Regarding OZK OZK, we observe a put option trade with neutral sentiment. It expires in 108 day(s) on January 19, 2024. Parties traded 500 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $165.0K, with a price of $330.0 per contract. There were 1764 open contracts at this strike prior to today, and today 501 contract(s) were bought and sold.

• For UPST UPST, we notice a put option sweep that happens to be bullish, expiring in 262 day(s) on June 21, 2024. This event was a transfer of 14 contract(s) at a $55.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $42.6K, with a price of $3045.0 per contract. There were 86 open contracts at this strike prior to today, and today 371 contract(s) were bought and sold.

• Regarding JPM JPM, we observe a put option sweep with bullish sentiment. It expires in 164 day(s) on March 15, 2024. Parties traded 80 contract(s) at a $135.00 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 $46.0K, with a price of $575.0 per contract. There were 1003 open contracts at this strike prior to today, and today 122 contract(s) were bought and sold.

• Regarding WAL WAL, we observe a call option trade with bullish sentiment. It expires in 73 day(s) on December 15, 2023. Parties traded 100 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $53.0K, with a price of $530.0 per contract. There were 586 open contracts at this strike prior to today, and today 120 contract(s) were bought and sold.

• Regarding AXP AXP, we observe a call option trade with bearish sentiment. It expires in 108 day(s) on January 19, 2024. Parties traded 54 contract(s) at a $145.00 strike. The total cost received by the writing party (or parties) was $52.6K, with a price of $975.0 per contract. There were 611 open contracts at this strike prior to today, and today 63 contract(s) were bought and sold.

• Regarding APAM APAM, we observe a call option trade with bearish sentiment. It expires in 164 day(s) on March 15, 2024. Parties traded 50 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $30.3K, with a price of $607.0 per contract. There were 0 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 news on unusual options activity.

This article was generated by Benzinga's automated content engine and reviewed by an editor.