This unusual options alert can help traders track potentially big trading opportunities. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Unusual trading activity could push option prices to hyperbolic or underperforming levels.
Below are some instances of unusual options activity happening in the Financials sector:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ITUB | CALL | SWEEP | BULLISH | 07/16/21 | $7.00 | $50.3K | 125.6K | 138.0K |
| BAC | PUT | TRADE | BEARISH | 01/20/23 | $27.00 | $28.1K | 21.6K | 1.2K |
| IVR | PUT | TRADE | BEARISH | 01/21/22 | $3.00 | $30.0K | 17.6K | 1.0K |
| BX | CALL | TRADE | BULLISH | 06/25/21 | $98.00 | $68.8K | 884 | 997 |
| WFC | PUT | SWEEP | BEARISH | 06/25/21 | $44.00 | $27.3K | 1.6K | 945 |
| MS | PUT | SWEEP | BEARISH | 07/16/21 | $90.00 | $61.1K | 1.5K | 875 |
| NAVI | CALL | SWEEP | BULLISH | 07/16/21 | $20.00 | $25.0K | 901 | 767 |
| LADR | PUT | TRADE | BEARISH | 12/17/21 | $12.50 | $60.0K | 496 | 401 |
| JPM | PUT | SWEEP | BULLISH | 06/17/22 | $140.00 | $197.0K | 2.1K | 202 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For ITUB ITUB, we notice a call option sweep that happens to be bullish, expiring in 30 day(s) on July 16, 2021. This event was a transfer of 2089 contract(s) at a $7.00 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 $50.3K, with a price of $24.0 per contract. There were 125600 open contracts at this strike prior to today, and today 138071 contract(s) were bought and sold.
• For BAC BAC, we notice a put option trade that happens to be bearish, expiring in 583 day(s) on January 20, 2023. This event was a transfer of 231 contract(s) at a $27.00 strike. The total cost received by the writing party (or parties) was $28.1K, with a price of $122.0 per contract. There were 21612 open contracts at this strike prior to today, and today 1221 contract(s) were bought and sold.
• Regarding IVR IVR, we observe a put option trade with bearish sentiment. It expires in 219 day(s) on January 21, 2022. Parties traded 970 contract(s) at a $3.00 strike. The total cost received by the writing party (or parties) was $30.0K, with a price of $31.0 per contract. There were 17627 open contracts at this strike prior to today, and today 1030 contract(s) were bought and sold.
• For BX BX, we notice a call option trade that happens to be bullish, expiring in 9 day(s) on June 25, 2021. This event was a transfer of 336 contract(s) at a $98.00 strike. The total cost received by the writing party (or parties) was $68.8K, with a price of $205.0 per contract. There were 884 open contracts at this strike prior to today, and today 997 contract(s) were bought and sold.
• For WFC WFC, we notice a put option sweep that happens to be bearish, expiring in 9 day(s) on June 25, 2021. This event was a transfer of 537 contract(s) at a $44.00 strike. This particular put needed to be split into 26 different trades to become filled. The total cost received by the writing party (or parties) was $27.3K, with a price of $51.0 per contract. There were 1666 open contracts at this strike prior to today, and today 945 contract(s) were bought and sold.
• For MS MS, we notice a put option sweep that happens to be bearish, expiring in 30 day(s) on July 16, 2021. This event was a transfer of 231 contract(s) at a $90.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $61.1K, with a price of $265.0 per contract. There were 1535 open contracts at this strike prior to today, and today 875 contract(s) were bought and sold.
• For NAVI NAVI, we notice a call option sweep that happens to be bullish, expiring in 30 day(s) on July 16, 2021. This event was a transfer of 357 contract(s) at a $20.00 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 $25.0K, with a price of $70.0 per contract. There were 901 open contracts at this strike prior to today, and today 767 contract(s) were bought and sold.
• For LADR LADR, we notice a put option trade that happens to be bearish, expiring in 184 day(s) on December 17, 2021. This event was a transfer of 400 contract(s) at a $12.50 strike. The total cost received by the writing party (or parties) was $60.0K, with a price of $150.0 per contract. There were 496 open contracts at this strike prior to today, and today 401 contract(s) were bought and sold.
• For JPM JPM, we notice a put option sweep that happens to be bullish, expiring in 366 day(s) on June 17, 2022. This event was a transfer of 200 contract(s) at a $140.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $197.0K, with a price of $985.0 per contract. There were 2194 open contracts at this strike prior to today, and today 202 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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