This unusual options alert can help traders discover the next big trading opportunities. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. Unusual trading activity could push option prices to exaggerated or underestimated levels.
Here's the list of some unusual options activity happening in today's session:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| RKT | PUT | TRADE | BEARISH | 05/21/21 | $19.00 | $101.4K | 5.4K | 2.6K |
| WFC | CALL | SWEEP | BULLISH | 07/16/21 | $47.50 | $263.1K | 6.3K | 2.3K |
| MET | CALL | TRADE | NEUTRAL | 09/17/21 | $65.00 | $700.0K | 1.5K | 2.0K |
| ALLY | CALL | SWEEP | BEARISH | 01/21/22 | $35.00 | $1.3 million | 30.5K | 2.0K |
| COIN | PUT | SWEEP | BEARISH | 06/18/21 | $200.00 | $82.7K | 4.1K | 1.0K |
| MS | CALL | SWEEP | BEARISH | 06/18/21 | $85.00 | $78.0K | 9.7K | 400 |
| NOAH | CALL | SWEEP | BULLISH | 09/17/21 | $60.00 | $26.5K | 4.2K | 332 |
| UPST | CALL | SWEEP | BEARISH | 07/16/21 | $120.00 | $375.0K | 293 | 323 |
| WETF | PUT | SWEEP | BEARISH | 09/17/21 | $8.00 | $28.0K | 4 | 200 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For RKT RKT, we notice a put option trade that happens to be bearish, expiring in 17 day(s) on May 21, 2021. This event was a transfer of 2600 contract(s) at a $19.00 strike. The total cost received by the writing party (or parties) was $101.4K, with a price of $39.0 per contract. There were 5417 open contracts at this strike prior to today, and today 2681 contract(s) were bought and sold.
• For WFC WFC, we notice a call option sweep that happens to be bullish, expiring in 73 day(s) on July 16, 2021. This event was a transfer of 1487 contract(s) at a $47.50 strike. This particular call needed to be split into 56 different trades to become filled. The total cost received by the writing party (or parties) was $263.1K, with a price of $177.0 per contract. There were 6354 open contracts at this strike prior to today, and today 2362 contract(s) were bought and sold.
• For MET MET, we notice a call option trade that happens to be neutral, expiring in 136 day(s) on September 17, 2021. This event was a transfer of 2000 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $700.0K, with a price of $350.0 per contract. There were 1553 open contracts at this strike prior to today, and today 2053 contract(s) were bought and sold.
• For ALLY ALLY, we notice a call option sweep that happens to be bearish, expiring in 262 day(s) on January 21, 2022. This event was a transfer of 780 contract(s) at a $35.00 strike. This particular call needed to be split into 29 different trades to become filled. The total cost received by the writing party (or parties) was $1.3 million, with a price of $1690.0 per contract. There were 30556 open contracts at this strike prior to today, and today 2000 contract(s) were bought and sold.
• Regarding COIN COIN, we observe a put option sweep with bearish sentiment. It expires in 45 day(s) on June 18, 2021. Parties traded 407 contract(s) at a $200.00 strike. This particular put needed to be split into 35 different trades to become filled. The total cost received by the writing party (or parties) was $82.7K, with a price of $200.0 per contract. There were 4140 open contracts at this strike prior to today, and today 1097 contract(s) were bought and sold.
• For MS MS, we notice a call option sweep that happens to be bearish, expiring in 45 day(s) on June 18, 2021. This event was a transfer of 388 contract(s) at a $85.00 strike. This particular call needed to be split into 33 different trades to become filled. The total cost received by the writing party (or parties) was $78.0K, with a price of $201.0 per contract. There were 9780 open contracts at this strike prior to today, and today 400 contract(s) were bought and sold.
• For NOAH NOAH, we notice a call option sweep that happens to be bullish, expiring in 136 day(s) on September 17, 2021. This event was a transfer of 332 contract(s) at a $60.00 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 $26.5K, with a price of $80.0 per contract. There were 4261 open contracts at this strike prior to today, and today 332 contract(s) were bought and sold.
• For UPST UPST, we notice a call option sweep that happens to be bearish, expiring in 73 day(s) on July 16, 2021. This event was a transfer of 300 contract(s) at a $120.00 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 $375.0K, with a price of $1250.0 per contract. There were 293 open contracts at this strike prior to today, and today 323 contract(s) were bought and sold.
• For WETF WETF, we notice a put option sweep that happens to be bearish, expiring in 136 day(s) on September 17, 2021. This event was a transfer of 200 contract(s) at a $8.00 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 $28.0K, with a price of $140.0 per contract. There were 4 open contracts at this strike prior to today, and today 200 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.
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Comments
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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