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
NKLA PUT TRADE NEUTRAL 01/19/24 $1.00 $105.0K 70.9K 15.4K
AAL PUT SWEEP BULLISH 09/20/24 $10.00 $31.9K 44.0K 3.5K
URI PUT TRADE BEARISH 03/15/24 $410.00 $661.3K 34 2.0K
EH PUT TRADE BULLISH 01/16/26 $2.50 $41.9K 100 855
RTX CALL TRADE NEUTRAL 01/17/25 $85.00 $94.6K 3.6K 517
UBER CALL TRADE BULLISH 01/17/25 $55.00 $48.7K 5.3K 187
BA PUT SWEEP BULLISH 02/16/24 $180.00 $108.3K 1.2K 69
MMM PUT TRADE BULLISH 01/17/25 $110.00 $66.1K 561 52
UNP CALL TRADE NEUTRAL 05/17/24 $230.00 $30.2K 149 26
LMT PUT SWEEP BULLISH 06/21/24 $450.00 $44.8K 237 13

Explanation

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

• For NKLA NKLA, we notice a put option trade that happens to be neutral, expiring in 57 day(s) on January 19, 2024. This event was a transfer of 5000 contract(s) at a $1.00 strike. The total cost received by the writing party (or parties) was $105.0K, with a price of $21.0 per contract. There were 70917 open contracts at this strike prior to today, and today 15442 contract(s) were bought and sold.

• Regarding AAL AAL, we observe a put option sweep with bullish sentiment. It expires in 302 day(s) on September 20, 2024. Parties traded 450 contract(s) at a $10.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $31.9K, with a price of $71.0 per contract. There were 44046 open contracts at this strike prior to today, and today 3548 contract(s) were bought and sold.

• Regarding URI URI, we observe a put option trade with bearish sentiment. It expires in 113 day(s) on March 15, 2024. Parties traded 481 contract(s) at a $410.00 strike. The total cost received by the writing party (or parties) was $661.3K, with a price of $1375.0 per contract. There were 34 open contracts at this strike prior to today, and today 2002 contract(s) were bought and sold.

• For EH EH, we notice a put option trade that happens to be bullish, expiring in 785 day(s) on January 16, 2026. This event was a transfer of 645 contract(s) at a $2.50 strike. The total cost received by the writing party (or parties) was $41.9K, with a price of $65.0 per contract. There were 100 open contracts at this strike prior to today, and today 855 contract(s) were bought and sold.

• Regarding RTX RTX, we observe a call option trade with neutral sentiment. It expires in 421 day(s) on January 17, 2025. Parties traded 149 contract(s) at a $85.00 strike. The total cost received by the writing party (or parties) was $94.6K, with a price of $635.0 per contract. There were 3651 open contracts at this strike prior to today, and today 517 contract(s) were bought and sold.

• For UBER UBER, we notice a call option trade that happens to be bullish, expiring in 421 day(s) on January 17, 2025. This event was a transfer of 44 contract(s) at a $55.00 strike. The total cost received by the writing party (or parties) was $48.7K, with a price of $1107.0 per contract. There were 5360 open contracts at this strike prior to today, and today 187 contract(s) were bought and sold.

• For BA BA, we notice a put option sweep that happens to be bullish, expiring in 85 day(s) on February 16, 2024. This event was a transfer of 867 contract(s) at a $180.00 strike. This particular put needed to be split into 44 different trades to become filled. The total cost received by the writing party (or parties) was $108.3K, with a price of $125.0 per contract. There were 1248 open contracts at this strike prior to today, and today 69 contract(s) were bought and sold.

• Regarding MMM MMM, we observe a put option trade with bullish sentiment. It expires in 421 day(s) on January 17, 2025. Parties traded 38 contract(s) at a $110.00 strike. The total cost received by the writing party (or parties) was $66.1K, with a price of $1740.0 per contract. There were 561 open contracts at this strike prior to today, and today 52 contract(s) were bought and sold.

• Regarding UNP UNP, we observe a call option trade with neutral sentiment. It expires in 176 day(s) on May 17, 2024. Parties traded 27 contract(s) at a $230.00 strike. The total cost received by the writing party (or parties) was $30.2K, with a price of $1120.0 per contract. There were 149 open contracts at this strike prior to today, and today 26 contract(s) were bought and sold.

• Regarding LMT LMT, we observe a put option sweep with bullish sentiment. It expires in 211 day(s) on June 21, 2024. Parties traded 20 contract(s) at a $450.00 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 $44.8K, with a price of $2240.0 per contract. There were 237 open contracts at this strike prior to today, and today 13 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.

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