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 |
---|---|---|---|---|---|---|---|---|
BX | CALL | SWEEP | BEARISH | 11/17/23 | $110.00 | $162.6K | 1.6K | 3.9K |
WFC | CALL | SWEEP | BEARISH | 01/19/24 | $42.50 | $36.7K | 14.7K | 3.3K |
MS | PUT | TRADE | BULLISH | 10/13/23 | $77.00 | $125.6K | 3.0K | 1.9K |
COIN | CALL | SWEEP | BULLISH | 06/21/24 | $85.00 | $230.5K | 1.6K | 1.5K |
TWO | PUT | SWEEP | BEARISH | 07/19/24 | $10.00 | $110.4K | 26 | 1.2K |
SCHW | PUT | SWEEP | BEARISH | 10/20/23 | $50.00 | $51.0K | 12.1K | 1.1K |
USB | PUT | TRADE | BEARISH | 01/19/24 | $30.00 | $40.9K | 11.3K | 739 |
C | CALL | TRADE | BEARISH | 01/16/26 | $60.00 | $34.0K | 2.4K | 519 |
BAC | CALL | SWEEP | BULLISH | 01/17/25 | $25.00 | $62.2K | 4.3K | 204 |
HLNE | PUT | SWEEP | BULLISH | 11/17/23 | $90.00 | $26.4K | 5 | 60 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding BX BX, we observe a call option sweep with bearish sentiment. It expires in 44 day(s) on November 17, 2023. Parties traded 750 contract(s) at a $110.00 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 $162.6K, with a price of $216.0 per contract. There were 1650 open contracts at this strike prior to today, and today 3907 contract(s) were bought and sold.
• Regarding WFC WFC, we observe a call option sweep with bearish sentiment. It expires in 107 day(s) on January 19, 2024. Parties traded 307 contract(s) at a $42.50 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $36.7K, with a price of $119.0 per contract. There were 14776 open contracts at this strike prior to today, and today 3319 contract(s) were bought and sold.
• For MS MS, we notice a put option trade that happens to be bullish, expiring in 9 day(s) on October 13, 2023. This event was a transfer of 1461 contract(s) at a $77.00 strike. The total cost received by the writing party (or parties) was $125.6K, with a price of $86.0 per contract. There were 3013 open contracts at this strike prior to today, and today 1943 contract(s) were bought and sold.
• Regarding COIN COIN, we observe a call option sweep with bullish sentiment. It expires in 261 day(s) on June 21, 2024. Parties traded 159 contract(s) at a $85.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $230.5K, with a price of $1450.0 per contract. There were 1684 open contracts at this strike prior to today, and today 1570 contract(s) were bought and sold.
• For TWO TWO, we notice a put option sweep that happens to be bearish, expiring in 289 day(s) on July 19, 2024. This event was a transfer of 1227 contract(s) at a $10.00 strike. This particular put needed to be split into 34 different trades to become filled. The total cost received by the writing party (or parties) was $110.4K, with a price of $90.0 per contract. There were 26 open contracts at this strike prior to today, and today 1237 contract(s) were bought and sold.
• Regarding SCHW SCHW, we observe a put option sweep with bearish sentiment. It expires in 16 day(s) on October 20, 2023. Parties traded 300 contract(s) at a $50.00 strike. This particular put needed to be split into 49 different trades to become filled. The total cost received by the writing party (or parties) was $51.0K, with a price of $170.0 per contract. There were 12143 open contracts at this strike prior to today, and today 1186 contract(s) were bought and sold.
• Regarding USB USB, we observe a put option trade with bearish sentiment. It expires in 107 day(s) on January 19, 2024. Parties traded 200 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $40.9K, with a price of $205.0 per contract. There were 11306 open contracts at this strike prior to today, and today 739 contract(s) were bought and sold.
• For C C, we notice a call option trade that happens to be bearish, expiring in 835 day(s) on January 16, 2026. This event was a transfer of 200 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $34.0K, with a price of $170.0 per contract. There were 2499 open contracts at this strike prior to today, and today 519 contract(s) were bought and sold.
• Regarding BAC BAC, we observe a call option sweep with bullish sentiment. It expires in 471 day(s) on January 17, 2025. Parties traded 150 contract(s) at a $25.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $62.2K, with a price of $415.0 per contract. There were 4364 open contracts at this strike prior to today, and today 204 contract(s) were bought and sold.
• For HLNE HLNE, we notice a put option sweep that happens to be bullish, expiring in 44 day(s) on November 17, 2023. This event was a transfer of 60 contract(s) at a $90.00 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 $26.4K, with a price of $440.0 per contract. There were 5 open contracts at this strike prior to today, and today 60 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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