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 |
|---|---|---|---|---|---|---|---|---|
| VTYX | PUT | TRADE | BULLISH | 01/19/24 | $2.50 | $101.8K | 70 | 11.0K |
| REPL | PUT | TRADE | NEUTRAL | 11/17/23 | $12.50 | $87.5K | 7.8K | 2.5K |
| BMY | CALL | TRADE | BEARISH | 06/21/24 | $60.00 | $63.5K | 2.2K | 507 |
| PRTA | CALL | SWEEP | BULLISH | 12/15/23 | $45.00 | $35.1K | 1.4K | 489 |
| ABT | PUT | SWEEP | BEARISH | 01/19/24 | $90.00 | $54.2K | 3.6K | 446 |
| ACRS | PUT | SWEEP | BULLISH | 11/17/23 | $5.00 | $43.2K | 411 | 324 |
| SRPT | PUT | TRADE | BEARISH | 01/19/24 | $95.00 | $116.1K | 156 | 80 |
| CI | CALL | TRADE | BULLISH | 06/21/24 | $250.00 | $28.8K | 18 | 7 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For VTYX VTYX, we notice a put option trade that happens to be bullish, expiring in 73 day(s) on January 19, 2024. This event was a transfer of 3394 contract(s) at a $2.50 strike. The total cost received by the writing party (or parties) was $101.8K, with a price of $30.0 per contract. There were 70 open contracts at this strike prior to today, and today 11075 contract(s) were bought and sold.
• Regarding REPL REPL, we observe a put option trade with neutral sentiment. It expires in 10 day(s) on November 17, 2023. Parties traded 500 contract(s) at a $12.50 strike. The total cost received by the writing party (or parties) was $87.5K, with a price of $175.0 per contract. There were 7871 open contracts at this strike prior to today, and today 2501 contract(s) were bought and sold.
• Regarding BMY BMY, we observe a call option trade with bearish sentiment. It expires in 227 day(s) on June 21, 2024. Parties traded 500 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $63.5K, with a price of $127.0 per contract. There were 2299 open contracts at this strike prior to today, and today 507 contract(s) were bought and sold.
• For PRTA PRTA, we notice a call option sweep that happens to be bullish, expiring in 38 day(s) on December 15, 2023. This event was a transfer of 48 contract(s) at a $45.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $35.1K, with a price of $725.0 per contract. There were 1478 open contracts at this strike prior to today, and today 489 contract(s) were bought and sold.
• Regarding ABT ABT, we observe a put option sweep with bearish sentiment. It expires in 73 day(s) on January 19, 2024. Parties traded 329 contract(s) at a $90.00 strike. This particular put needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $54.2K, with a price of $165.0 per contract. There were 3608 open contracts at this strike prior to today, and today 446 contract(s) were bought and sold.
• For ACRS ACRS, we notice a put option sweep that happens to be bullish, expiring in 10 day(s) on November 17, 2023. This event was a transfer of 288 contract(s) at a $5.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $43.2K, with a price of $150.0 per contract. There were 411 open contracts at this strike prior to today, and today 324 contract(s) were bought and sold.
• Regarding SRPT SRPT, we observe a put option trade with bearish sentiment. It expires in 73 day(s) on January 19, 2024. Parties traded 80 contract(s) at a $95.00 strike. The total cost received by the writing party (or parties) was $116.1K, with a price of $1452.0 per contract. There were 156 open contracts at this strike prior to today, and today 80 contract(s) were bought and sold.
• Regarding CI CI, we observe a call option trade with bullish sentiment. It expires in 227 day(s) on June 21, 2024. Parties traded 5 contract(s) at a $250.00 strike. The total cost received by the writing party (or parties) was $28.8K, with a price of $5770.0 per contract. There were 18 open contracts at this strike prior to today, and today 7 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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