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 |
---|---|---|---|---|---|---|---|---|
C | CALL | TRADE | NEUTRAL | 01/19/24 | $49.00 | $337.6K | 11.7K | 6.6K |
LMND | CALL | TRADE | BULLISH | 01/19/24 | $22.50 | $114.7K | 4.0K | 2.9K |
COIN | CALL | SWEEP | BULLISH | 12/22/23 | $150.00 | $28.8K | 1.2K | 2.3K |
AMBC | CALL | SWEEP | BULLISH | 03/15/24 | $14.00 | $102.4K | 0 | 1.1K |
SQ | CALL | TRADE | BULLISH | 01/19/24 | $70.00 | $27.2K | 9.1K | 1.0K |
RILY | PUT | TRADE | NEUTRAL | 01/19/24 | $20.00 | $47.5K | 14.9K | 1.0K |
MMC | CALL | SWEEP | BULLISH | 01/19/24 | $195.00 | $29.7K | 288 | 819 |
PYPL | PUT | TRADE | BEARISH | 06/21/24 | $67.50 | $477.5K | 1.3K | 500 |
AXP | PUT | TRADE | NEUTRAL | 09/20/24 | $175.00 | $416.0K | 256 | 445 |
SOFI | CALL | SWEEP | BULLISH | 06/21/24 | $10.00 | $33.4K | 13.2K | 280 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For C C, we notice a call option trade that happens to be neutral, expiring in 35 day(s) on January 19, 2024. This event was a transfer of 1600 contract(s) at a $49.00 strike. The total cost received by the writing party (or parties) was $337.6K, with a price of $211.0 per contract. There were 11768 open contracts at this strike prior to today, and today 6622 contract(s) were bought and sold.
• Regarding LMND LMND, we observe a call option trade with bullish sentiment. It expires in 35 day(s) on January 19, 2024. Parties traded 2550 contract(s) at a $22.50 strike. The total cost received by the writing party (or parties) was $114.7K, with a price of $45.0 per contract. There were 4094 open contracts at this strike prior to today, and today 2976 contract(s) were bought and sold.
• For COIN COIN, we notice a call option sweep that happens to be bullish, expiring in 7 day(s) on December 22, 2023. This event was a transfer of 50 contract(s) at a $150.00 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 $28.8K, with a price of $577.0 per contract. There were 1265 open contracts at this strike prior to today, and today 2317 contract(s) were bought and sold.
• Regarding AMBC AMBC, we observe a call option sweep with bullish sentiment. It expires in 91 day(s) on March 15, 2024. Parties traded 410 contract(s) at a $14.00 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 $102.4K, with a price of $250.0 per contract. There were 0 open contracts at this strike prior to today, and today 1191 contract(s) were bought and sold.
• Regarding SQ SQ, we observe a call option trade with bullish sentiment. It expires in 35 day(s) on January 19, 2024. Parties traded 40 contract(s) at a $70.00 strike. The total cost received by the writing party (or parties) was $27.2K, with a price of $680.0 per contract. There were 9104 open contracts at this strike prior to today, and today 1092 contract(s) were bought and sold.
• For RILY RILY, we notice a put option trade that happens to be neutral, expiring in 35 day(s) on January 19, 2024. This event was a transfer of 100 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $47.5K, with a price of $475.0 per contract. There were 14976 open contracts at this strike prior to today, and today 1090 contract(s) were bought and sold.
• For MMC MMC, we notice a call option sweep that happens to be bullish, expiring in 35 day(s) on January 19, 2024. This event was a transfer of 173 contract(s) at a $195.00 strike. This particular call needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $29.7K, with a price of $167.0 per contract. There were 288 open contracts at this strike prior to today, and today 819 contract(s) were bought and sold.
• Regarding PYPL PYPL, we observe a put option trade with bearish sentiment. It expires in 189 day(s) on June 21, 2024. Parties traded 500 contract(s) at a $67.50 strike. The total cost received by the writing party (or parties) was $477.5K, with a price of $955.0 per contract. There were 1371 open contracts at this strike prior to today, and today 500 contract(s) were bought and sold.
• Regarding AXP AXP, we observe a put option trade with neutral sentiment. It expires in 280 day(s) on September 20, 2024. Parties traded 400 contract(s) at a $175.00 strike. The total cost received by the writing party (or parties) was $416.0K, with a price of $1040.0 per contract. There were 256 open contracts at this strike prior to today, and today 445 contract(s) were bought and sold.
• For SOFI SOFI, we notice a call option sweep that happens to be bullish, expiring in 189 day(s) on June 21, 2024. This event was a transfer of 200 contract(s) at a $10.00 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 $33.4K, with a price of $167.0 per contract. There were 13293 open contracts at this strike prior to today, and today 280 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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