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.

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
CDAY PUT TRADE BULLISH 12/15/23 $65.00 $165.0K 3.3K 3.0K
GE PUT SWEEP BULLISH 03/15/24 $125.00 $47.1K 640 1.3K
GEO PUT SWEEP BULLISH 12/15/23 $11.00 $49.5K 893 1.2K
DDD CALL SWEEP BEARISH 05/17/24 $5.00 $32.3K 164 1.1K
HTZ CALL TRADE BULLISH 01/17/25 $12.50 $59.0K 3.1K 503
ARRY CALL SWEEP BULLISH 01/19/24 $15.00 $54.5K 2.1K 403
DAL CALL SWEEP BULLISH 06/21/24 $40.00 $34.3K 3.7K 213
AVAV PUT TRADE BEARISH 12/15/23 $135.00 $49.5K 85 207
UPS CALL SWEEP BEARISH 01/17/25 $155.00 $95.2K 637 68
BLDR CALL SWEEP BULLISH 01/19/24 $120.00 $132.3K 426 67

Explanation

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

• For CDAY CDAY, we notice a put option trade that happens to be bullish, expiring in 10 day(s) on December 15, 2023. This event was a transfer of 3000 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $165.0K, with a price of $55.0 per contract. There were 3375 open contracts at this strike prior to today, and today 3000 contract(s) were bought and sold.

• For GE GE, we notice a put option sweep that happens to be bullish, expiring in 101 day(s) on March 15, 2024. This event was a transfer of 62 contract(s) at a $125.00 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 $47.1K, with a price of $760.0 per contract. There were 640 open contracts at this strike prior to today, and today 1368 contract(s) were bought and sold.

• Regarding GEO GEO, we observe a put option sweep with bullish sentiment. It expires in 10 day(s) on December 15, 2023. Parties traded 473 contract(s) at a $11.00 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 $49.5K, with a price of $105.0 per contract. There were 893 open contracts at this strike prior to today, and today 1266 contract(s) were bought and sold.

• Regarding DDD DDD, we observe a call option sweep with bearish sentiment. It expires in 164 day(s) on May 17, 2024. Parties traded 214 contract(s) at a $5.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $32.3K, with a price of $150.0 per contract. There were 164 open contracts at this strike prior to today, and today 1195 contract(s) were bought and sold.

• For HTZ HTZ, we notice a call option trade that happens to be bullish, expiring in 409 day(s) on January 17, 2025. This event was a transfer of 500 contract(s) at a $12.50 strike. The total cost received by the writing party (or parties) was $59.0K, with a price of $118.0 per contract. There were 3135 open contracts at this strike prior to today, and today 503 contract(s) were bought and sold.

• For ARRY ARRY, we notice a call option sweep that happens to be bullish, expiring in 45 day(s) on January 19, 2024. This event was a transfer of 266 contract(s) at a $15.00 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 $54.5K, with a price of $205.0 per contract. There were 2102 open contracts at this strike prior to today, and today 403 contract(s) were bought and sold.

• Regarding DAL DAL, we observe a call option sweep with bullish sentiment. It expires in 199 day(s) on June 21, 2024. Parties traded 117 contract(s) at a $40.00 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 $34.3K, with a price of $294.0 per contract. There were 3711 open contracts at this strike prior to today, and today 213 contract(s) were bought and sold.

• For AVAV AVAV, we notice a put option trade that happens to be bearish, expiring in 10 day(s) on December 15, 2023. This event was a transfer of 150 contract(s) at a $135.00 strike. The total cost received by the writing party (or parties) was $49.5K, with a price of $330.0 per contract. There were 85 open contracts at this strike prior to today, and today 207 contract(s) were bought and sold.

• Regarding UPS UPS, we observe a call option sweep with bearish sentiment. It expires in 409 day(s) on January 17, 2025. Parties traded 56 contract(s) at a $155.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $95.2K, with a price of $1700.0 per contract. There were 637 open contracts at this strike prior to today, and today 68 contract(s) were bought and sold.

• For BLDR BLDR, we notice a call option sweep that happens to be bullish, expiring in 45 day(s) on January 19, 2024. This event was a transfer of 54 contract(s) at a $120.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $132.3K, with a price of $2450.0 per contract. There were 426 open contracts at this strike prior to today, and today 67 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 news on unusual options activity.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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