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 TRADE NEUTRAL 12/22/23 $170.00 $49.3K 2.1K 11.1K
C CALL SWEEP BEARISH 03/15/24 $57.50 $72.6K 7.1K 10.4K
AFRM CALL SWEEP BULLISH 12/22/23 $50.00 $35.4K 3.1K 3.6K
WFC PUT TRADE BULLISH 03/15/24 $52.50 $49.5K 749 1.7K
RKT CALL SWEEP BULLISH 02/16/24 $17.00 $81.8K 77 1.4K
HOOD PUT SWEEP BULLISH 02/16/24 $11.00 $27.0K 2.6K 681
NYCB CALL SWEEP BULLISH 01/19/24 $10.00 $35.2K 9.4K 440
BX PUT TRADE BEARISH 02/16/24 $125.00 $186.0K 378 410
SQ CALL SWEEP BEARISH 03/15/24 $77.50 $38.8K 3.0K 139
GGAL CALL TRADE BEARISH 04/19/24 $17.50 $25.0K 1.9K 100

Explanation

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

• For COIN COIN, we notice a call option trade that happens to be neutral, expiring in 2 day(s) on December 22, 2023. This event was a transfer of 145 contract(s) at a $170.00 strike. The total cost received by the writing party (or parties) was $49.3K, with a price of $340.0 per contract. There were 2139 open contracts at this strike prior to today, and today 11142 contract(s) were bought and sold.

• For C C, we notice a call option sweep that happens to be bearish, expiring in 86 day(s) on March 15, 2024. This event was a transfer of 1117 contract(s) at a $57.50 strike. This particular call needed to be split into 32 different trades to become filled. The total cost received by the writing party (or parties) was $72.6K, with a price of $65.0 per contract. There were 7135 open contracts at this strike prior to today, and today 10489 contract(s) were bought and sold.

• Regarding AFRM AFRM, we observe a call option sweep with bullish sentiment. It expires in 2 day(s) on December 22, 2023. Parties traded 200 contract(s) at a $50.00 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 $35.4K, with a price of $177.0 per contract. There were 3156 open contracts at this strike prior to today, and today 3639 contract(s) were bought and sold.

• For WFC WFC, we notice a put option trade that happens to be bullish, expiring in 86 day(s) on March 15, 2024. This event was a transfer of 150 contract(s) at a $52.50 strike. The total cost received by the writing party (or parties) was $49.5K, with a price of $330.0 per contract. There were 749 open contracts at this strike prior to today, and today 1777 contract(s) were bought and sold.

• Regarding RKT RKT, we observe a call option sweep with bullish sentiment. It expires in 58 day(s) on February 16, 2024. Parties traded 1434 contract(s) at a $17.00 strike. This particular call needed to be split into 44 different trades to become filled. The total cost received by the writing party (or parties) was $81.8K, with a price of $57.0 per contract. There were 77 open contracts at this strike prior to today, and today 1448 contract(s) were bought and sold.

• For HOOD HOOD, we notice a put option sweep that happens to be bullish, expiring in 58 day(s) on February 16, 2024. This event was a transfer of 677 contract(s) at a $11.00 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $27.0K, with a price of $40.0 per contract. There were 2637 open contracts at this strike prior to today, and today 681 contract(s) were bought and sold.

• For NYCB NYCB, we notice a call option sweep that happens to be bullish, expiring in 30 day(s) on January 19, 2024. This event was a transfer of 505 contract(s) at a $10.00 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 $35.2K, with a price of $70.0 per contract. There were 9405 open contracts at this strike prior to today, and today 440 contract(s) were bought and sold.

• For BX BX, we notice a put option trade that happens to be bearish, expiring in 58 day(s) on February 16, 2024. This event was a transfer of 400 contract(s) at a $125.00 strike. The total cost received by the writing party (or parties) was $186.0K, with a price of $465.0 per contract. There were 378 open contracts at this strike prior to today, and today 410 contract(s) were bought and sold.

• Regarding SQ SQ, we observe a call option sweep with bearish sentiment. It expires in 86 day(s) on March 15, 2024. Parties traded 46 contract(s) at a $77.50 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 $38.8K, with a price of $845.0 per contract. There were 3068 open contracts at this strike prior to today, and today 139 contract(s) were bought and sold.

• Regarding GGAL GGAL, we observe a call option trade with bearish sentiment. It expires in 121 day(s) on April 19, 2024. Parties traded 100 contract(s) at a $17.50 strike. The total cost received by the writing party (or parties) was $25.0K, with a price of $250.0 per contract. There were 1936 open contracts at this strike prior to today, and today 100 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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