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.
Below are some instances of options activity happening in the Financials sector:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|
COIN | CALL | SWEEP | BULLISH | 11/17/23 | $100.00 | $33.1K | 13.9K | 4.0K |
HBAN | CALL | SWEEP | BULLISH | 01/19/24 | $10.00 | $48.7K | 2.3K | 709 |
KEY | CALL | SWEEP | BULLISH | 01/19/24 | $11.00 | $48.6K | 3.5K | 696 |
SCHW | CALL | SWEEP | BULLISH | 01/19/24 | $55.00 | $49.6K | 7.7K | 625 |
BAC | CALL | SWEEP | BULLISH | 09/20/24 | $28.00 | $58.6K | 3.9K | 600 |
TFC | CALL | SWEEP | BULLISH | 01/19/24 | $30.00 | $49.3K | 25.9K | 224 |
AX | PUT | SWEEP | BULLISH | 04/19/24 | $30.00 | $27.0K | 358 | 194 |
MS | PUT | SWEEP | NEUTRAL | 01/19/24 | $80.00 | $29.1K | 18.9K | 171 |
AMG | PUT | SWEEP | NEUTRAL | 03/15/24 | $125.00 | $26.7K | 3 | 57 |
JPM | CALL | SWEEP | BEARISH | 03/15/24 | $150.00 | $27.4K | 3.0K | 50 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For COIN COIN, we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on November 17, 2023. This event was a transfer of 414 contract(s) at a $100.00 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 $33.1K, with a price of $80.0 per contract. There were 13980 open contracts at this strike prior to today, and today 4016 contract(s) were bought and sold.
• For HBAN HBAN, we notice a call option sweep that happens to be bullish, expiring in 67 day(s) on January 19, 2024. This event was a transfer of 695 contract(s) at a $10.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $48.7K, with a price of $70.0 per contract. There were 2396 open contracts at this strike prior to today, and today 709 contract(s) were bought and sold.
• For KEY KEY, we notice a call option sweep that happens to be bullish, expiring in 67 day(s) on January 19, 2024. This event was a transfer of 695 contract(s) at a $11.00 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 $48.6K, with a price of $70.0 per contract. There were 3515 open contracts at this strike prior to today, and today 696 contract(s) were bought and sold.
• For SCHW SCHW, we notice a call option sweep that happens to be bullish, expiring in 67 day(s) on January 19, 2024. This event was a transfer of 155 contract(s) at a $55.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $49.6K, with a price of $320.0 per contract. There were 7727 open contracts at this strike prior to today, and today 625 contract(s) were bought and sold.
• For BAC BAC, we notice a call option sweep that happens to be bullish, expiring in 312 day(s) on September 20, 2024. This event was a transfer of 200 contract(s) at a $28.00 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 $58.6K, with a price of $293.0 per contract. There were 3997 open contracts at this strike prior to today, and today 600 contract(s) were bought and sold.
• For TFC TFC, we notice a call option sweep that happens to be bullish, expiring in 67 day(s) on January 19, 2024. This event was a transfer of 290 contract(s) at a $30.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $49.3K, with a price of $170.0 per contract. There were 25956 open contracts at this strike prior to today, and today 224 contract(s) were bought and sold.
• For AX AX, we notice a put option sweep that happens to be bullish, expiring in 158 day(s) on April 19, 2024. This event was a transfer of 50 contract(s) at a $30.00 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 $27.0K, with a price of $540.0 per contract. There were 358 open contracts at this strike prior to today, and today 194 contract(s) were bought and sold.
• Regarding MS MS, we observe a put option sweep with neutral sentiment. It expires in 67 day(s) on January 19, 2024. Parties traded 55 contract(s) at a $80.00 strike. This particular put needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $29.1K, with a price of $530.0 per contract. There were 18975 open contracts at this strike prior to today, and today 171 contract(s) were bought and sold.
• Regarding AMG AMG, we observe a put option sweep with neutral sentiment. It expires in 123 day(s) on March 15, 2024. Parties traded 57 contract(s) at a $125.00 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 $26.7K, with a price of $470.0 per contract. There were 3 open contracts at this strike prior to today, and today 57 contract(s) were bought and sold.
• Regarding JPM JPM, we observe a call option sweep with bearish sentiment. It expires in 123 day(s) on March 15, 2024. Parties traded 49 contract(s) at a $150.00 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 $27.4K, with a price of $560.0 per contract. There were 3080 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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