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 |
---|---|---|---|---|---|---|---|---|
COIN | PUT | SWEEP | BULLISH | 01/12/24 | $145.00 | $84.6K | 2.5K | 4.5K |
UPST | CALL | TRADE | BEARISH | 01/19/24 | $30.00 | $73.0K | 13.2K | 2.7K |
BAC | PUT | TRADE | BULLISH | 03/15/24 | $32.00 | $72.3K | 11.5K | 2.1K |
SOFI | CALL | SWEEP | BULLISH | 01/17/25 | $10.00 | $44.5K | 52.9K | 1.5K |
JPM | PUT | SWEEP | BEARISH | 01/12/24 | $170.00 | $29.5K | 3.4K | 1.5K |
SQ | CALL | TRADE | BULLISH | 01/19/24 | $65.00 | $58.4K | 7.1K | 1.0K |
PAGS | PUT | SWEEP | BEARISH | 02/16/24 | $13.00 | $90.4K | 46 | 1.0K |
WFC | CALL | SWEEP | BULLISH | 03/15/24 | $50.00 | $38.9K | 12.8K | 812 |
C | PUT | SWEEP | BEARISH | 01/17/25 | $45.00 | $68.7K | 69.4K | 432 |
PYPL | CALL | SWEEP | BULLISH | 01/19/24 | $55.00 | $59.0K | 21.3K | 309 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding COIN COIN, we observe a put option sweep with bullish sentiment. It expires in 1 day(s) on January 12, 2024. Parties traded 146 contract(s) at a $145.00 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 $84.6K, with a price of $580.0 per contract. There were 2559 open contracts at this strike prior to today, and today 4527 contract(s) were bought and sold.
• For UPST UPST, we notice a call option trade that happens to be bearish, expiring in 8 day(s) on January 19, 2024. This event was a transfer of 200 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $73.0K, with a price of $365.0 per contract. There were 13202 open contracts at this strike prior to today, and today 2780 contract(s) were bought and sold.
• For BAC BAC, we notice a put option trade that happens to be bullish, expiring in 64 day(s) on March 15, 2024. This event was a transfer of 832 contract(s) at a $32.00 strike. The total cost received by the writing party (or parties) was $72.3K, with a price of $87.0 per contract. There were 11538 open contracts at this strike prior to today, and today 2131 contract(s) were bought and sold.
• Regarding SOFI SOFI, we observe a call option sweep with bullish sentiment. It expires in 372 day(s) on January 17, 2025. Parties traded 250 contract(s) at a $10.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $44.5K, with a price of $178.0 per contract. There were 52955 open contracts at this strike prior to today, and today 1522 contract(s) were bought and sold.
• Regarding JPM JPM, we observe a put option sweep with bearish sentiment. It expires in 1 day(s) on January 12, 2024. Parties traded 100 contract(s) at a $170.00 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 $29.5K, with a price of $295.0 per contract. There were 3496 open contracts at this strike prior to today, and today 1521 contract(s) were bought and sold.
• For SQ SQ, we notice a call option trade that happens to be bullish, expiring in 8 day(s) on January 19, 2024. This event was a transfer of 200 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $58.4K, with a price of $292.0 per contract. There were 7115 open contracts at this strike prior to today, and today 1075 contract(s) were bought and sold.
• For PAGS PAGS, we notice a put option sweep that happens to be bearish, expiring in 36 day(s) on February 16, 2024. This event was a transfer of 1004 contract(s) at a $13.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $90.4K, with a price of $90.0 per contract. There were 46 open contracts at this strike prior to today, and today 1004 contract(s) were bought and sold.
• For WFC WFC, we notice a call option sweep that happens to be bullish, expiring in 64 day(s) on March 15, 2024. This event was a transfer of 288 contract(s) at a $50.00 strike. This particular call needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $38.9K, with a price of $135.0 per contract. There were 12877 open contracts at this strike prior to today, and today 812 contract(s) were bought and sold.
• Regarding C C, we observe a put option sweep with bearish sentiment. It expires in 372 day(s) on January 17, 2025. Parties traded 253 contract(s) at a $45.00 strike. This particular put needed to be split into 41 different trades to become filled. The total cost received by the writing party (or parties) was $68.7K, with a price of $271.0 per contract. There were 69403 open contracts at this strike prior to today, and today 432 contract(s) were bought and sold.
• For PYPL PYPL, we notice a call option sweep that happens to be bullish, expiring in 8 day(s) on January 19, 2024. This event was a transfer of 100 contract(s) at a $55.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $59.0K, with a price of $590.0 per contract. There were 21359 open contracts at this strike prior to today, and today 309 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.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.