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 |
---|---|---|---|---|---|---|---|---|
C | CALL | TRADE | NEUTRAL | 12/29/23 | $52.00 | $36.4K | 15.2K | 17.3K |
TFC | CALL | SWEEP | BEARISH | 01/19/24 | $39.00 | $119.7K | 1.2K | 6.5K |
COIN | CALL | TRADE | NEUTRAL | 12/29/23 | $187.50 | $40.4K | 1.3K | 3.1K |
JPM | CALL | SWEEP | BULLISH | 02/16/24 | $180.00 | $32.1K | 2.3K | 1.3K |
PYPL | CALL | SWEEP | BULLISH | 01/19/24 | $62.50 | $52.6K | 13.9K | 901 |
BAC | CALL | TRADE | BULLISH | 03/15/24 | $35.00 | $56.5K | 8.5K | 452 |
GS | PUT | TRADE | BULLISH | 01/17/25 | $440.00 | $25.6K | 68 | 88 |
ZION | CALL | SWEEP | NEUTRAL | 01/17/25 | $15.00 | $26.8K | 266 | 49 |
V | CALL | TRADE | NEUTRAL | 06/20/25 | $260.00 | $34.7K | 3 | 34 |
KKR | CALL | TRADE | NEUTRAL | 01/19/24 | $70.00 | $28.9K | 2.1K | 21 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding C C, we observe a call option trade with neutral sentiment. It expires in 1 day(s) on December 29, 2023. Parties traded 2430 contract(s) at a $52.00 strike. The total cost received by the writing party (or parties) was $36.4K, with a price of $15.0 per contract. There were 15256 open contracts at this strike prior to today, and today 17379 contract(s) were bought and sold.
• Regarding TFC TFC, we observe a call option sweep with bearish sentiment. It expires in 22 day(s) on January 19, 2024. Parties traded 2656 contract(s) at a $39.00 strike. This particular call needed to be split into 62 different trades to become filled. The total cost received by the writing party (or parties) was $119.7K, with a price of $45.0 per contract. There were 1204 open contracts at this strike prior to today, and today 6558 contract(s) were bought and sold.
• Regarding COIN COIN, we observe a call option trade with neutral sentiment. It expires in 1 day(s) on December 29, 2023. Parties traded 119 contract(s) at a $187.50 strike. The total cost received by the writing party (or parties) was $40.4K, with a price of $340.0 per contract. There were 1358 open contracts at this strike prior to today, and today 3152 contract(s) were bought and sold.
• For JPM JPM, we notice a call option sweep that happens to be bullish, expiring in 50 day(s) on February 16, 2024. This event was a transfer of 240 contract(s) at a $180.00 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 $32.1K, with a price of $134.0 per contract. There were 2336 open contracts at this strike prior to today, and today 1360 contract(s) were bought and sold.
• Regarding PYPL PYPL, we observe a call option sweep with bullish sentiment. It expires in 22 day(s) on January 19, 2024. Parties traded 200 contract(s) at a $62.50 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 $52.6K, with a price of $263.0 per contract. There were 13953 open contracts at this strike prior to today, and today 901 contract(s) were bought and sold.
• For BAC BAC, we notice a call option trade that happens to be bullish, expiring in 78 day(s) on March 15, 2024. This event was a transfer of 500 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $56.5K, with a price of $113.0 per contract. There were 8512 open contracts at this strike prior to today, and today 452 contract(s) were bought and sold.
• For GS GS, we notice a put option trade that happens to be bullish, expiring in 386 day(s) on January 17, 2025. This event was a transfer of 4 contract(s) at a $440.00 strike. The total cost received by the writing party (or parties) was $25.6K, with a price of $6400.0 per contract. There were 68 open contracts at this strike prior to today, and today 88 contract(s) were bought and sold.
• Regarding ZION ZION, we observe a call option sweep with neutral sentiment. It expires in 386 day(s) on January 17, 2025. Parties traded 9 contract(s) at a $15.00 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 $26.8K, with a price of $2980.0 per contract. There were 266 open contracts at this strike prior to today, and today 49 contract(s) were bought and sold.
• For V V, we notice a call option trade that happens to be neutral, expiring in 540 day(s) on June 20, 2025. This event was a transfer of 10 contract(s) at a $260.00 strike. The total cost received by the writing party (or parties) was $34.7K, with a price of $3470.0 per contract. There were 3 open contracts at this strike prior to today, and today 34 contract(s) were bought and sold.
• Regarding KKR KKR, we observe a call option trade with neutral sentiment. It expires in 22 day(s) on January 19, 2024. Parties traded 21 contract(s) at a $70.00 strike. The total cost received by the writing party (or parties) was $28.9K, with a price of $1377.0 per contract. There were 2127 open contracts at this strike prior to today, and today 21 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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