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 Industrials sector:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|
AAL | PUT | SWEEP | BULLISH | 01/19/24 | $10.00 | $154.8K | 149.5K | 11.9K |
BA | CALL | SWEEP | BULLISH | 12/01/23 | $220.00 | $52.6K | 1.9K | 2.2K |
DE | CALL | SWEEP | NEUTRAL | 11/24/23 | $380.00 | $42.9K | 229 | 1.2K |
CAT | CALL | SWEEP | BEARISH | 01/19/24 | $290.00 | $31.5K | 1.6K | 728 |
UAL | CALL | SWEEP | BULLISH | 03/15/24 | $41.00 | $61.2K | 734 | 323 |
DAL | CALL | TRADE | BEARISH | 12/19/25 | $33.00 | $153.4K | 1.4K | 167 |
SAVE | PUT | SWEEP | BEARISH | 03/15/24 | $12.50 | $128.7K | 4.0K | 160 |
PRLB | CALL | SWEEP | BULLISH | 10/18/24 | $40.00 | $51.7K | 5 | 119 |
RUN | PUT | SWEEP | BULLISH | 01/17/25 | $15.00 | $34.5K | 7.5K | 98 |
BLDR | CALL | TRADE | BULLISH | 01/17/25 | $115.00 | $37.9K | 80 | 20 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding AAL AAL, we observe a put option sweep with bullish sentiment. It expires in 59 day(s) on January 19, 2024. Parties traded 11912 contract(s) at a $10.00 strike. This particular put needed to be split into 28 different trades to become filled. The total cost received by the writing party (or parties) was $154.8K, with a price of $13.0 per contract. There were 149545 open contracts at this strike prior to today, and today 11952 contract(s) were bought and sold.
• For BA BA, we notice a call option sweep that happens to be bullish, expiring in 10 day(s) on December 1, 2023. This event was a transfer of 200 contract(s) at a $220.00 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 $52.6K, with a price of $263.0 per contract. There were 1966 open contracts at this strike prior to today, and today 2295 contract(s) were bought and sold.
• Regarding DE DE, we observe a call option sweep with neutral sentiment. It expires in 3 day(s) on November 24, 2023. Parties traded 53 contract(s) at a $380.00 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 $42.9K, with a price of $810.0 per contract. There were 229 open contracts at this strike prior to today, and today 1286 contract(s) were bought and sold.
• For CAT CAT, we notice a call option sweep that happens to be bearish, expiring in 59 day(s) on January 19, 2024. This event was a transfer of 700 contract(s) at a $290.00 strike. This particular call needed to be split into 29 different trades to become filled. The total cost received by the writing party (or parties) was $31.5K, with a price of $45.0 per contract. There were 1683 open contracts at this strike prior to today, and today 728 contract(s) were bought and sold.
• Regarding UAL UAL, we observe a call option sweep with bullish sentiment. It expires in 115 day(s) on March 15, 2024. Parties traded 221 contract(s) at a $41.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $61.2K, with a price of $277.0 per contract. There were 734 open contracts at this strike prior to today, and today 323 contract(s) were bought and sold.
• For DAL DAL, we notice a call option trade that happens to be bearish, expiring in 759 day(s) on December 19, 2025. This event was a transfer of 159 contract(s) at a $33.00 strike. The total cost received by the writing party (or parties) was $153.4K, with a price of $965.0 per contract. There were 1405 open contracts at this strike prior to today, and today 167 contract(s) were bought and sold.
• For SAVE SAVE, we notice a put option sweep that happens to be bearish, expiring in 115 day(s) on March 15, 2024. This event was a transfer of 250 contract(s) at a $12.50 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $128.7K, with a price of $515.0 per contract. There were 4058 open contracts at this strike prior to today, and today 160 contract(s) were bought and sold.
• Regarding PRLB PRLB, we observe a call option sweep with bullish sentiment. It expires in 332 day(s) on October 18, 2024. Parties traded 118 contract(s) at a $40.00 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 $51.7K, with a price of $440.0 per contract. There were 5 open contracts at this strike prior to today, and today 119 contract(s) were bought and sold.
• Regarding RUN RUN, we observe a put option sweep with bullish sentiment. It expires in 423 day(s) on January 17, 2025. Parties traded 60 contract(s) at a $15.00 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 $34.5K, with a price of $575.0 per contract. There were 7555 open contracts at this strike prior to today, and today 98 contract(s) were bought and sold.
• For BLDR BLDR, we notice a call option trade that happens to be bullish, expiring in 423 day(s) on January 17, 2025. This event was a transfer of 10 contract(s) at a $115.00 strike. The total cost received by the writing party (or parties) was $37.9K, with a price of $3790.0 per contract. There were 80 open contracts at this strike prior to today, and today 20 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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