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.
Below are some instances of unusual options activity happening in the Energy sector:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| OXY | CALL | SWEEP | BEARISH | 12/17/21 | $40.00 | $37.0K | 5.3K | 5.2K |
| YPF | CALL | TRADE | BEARISH | 10/15/21 | $5.00 | $264.3K | 10.6K | 3.8K |
| COG | CALL | TRADE | NEUTRAL | 10/15/21 | $19.00 | $30.1K | 13.2K | 3.3K |
| PXD | CALL | SWEEP | BEARISH | 11/19/21 | $170.00 | $120.6K | 1.2K | 1.9K |
| SD | CALL | TRADE | BULLISH | 01/21/22 | $10.00 | $183.9K | 4.3K | 1.0K |
| PBR | PUT | SWEEP | BULLISH | 01/20/23 | $10.00 | $73.5K | 71.1K | 1.0K |
| COP | PUT | TRADE | BULLISH | 11/19/21 | $55.00 | $59.0K | 2.6K | 950 |
| MPC | PUT | TRADE | BULLISH | 11/19/21 | $57.50 | $156.0K | 2.4K | 927 |
| SWN | CALL | TRADE | BULLISH | 09/17/21 | $4.00 | $50.4K | 2.4K | 923 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For OXY OXY, we notice a call option sweep that happens to be bearish, expiring in 95 day(s) on December 17, 2021. This event was a transfer of 1676 contract(s) at a $40.00 strike. This particular call needed to be split into 46 different trades to become filled. The total cost received by the writing party (or parties) was $37.0K, with a price of $22.0 per contract. There were 5311 open contracts at this strike prior to today, and today 5268 contract(s) were bought and sold.
• Regarding YPF YPF, we observe a call option trade with bearish sentiment. It expires in 32 day(s) on October 15, 2021. Parties traded 3525 contract(s) at a $5.00 strike. The total cost received by the writing party (or parties) was $264.3K, with a price of $75.0 per contract. There were 10618 open contracts at this strike prior to today, and today 3869 contract(s) were bought and sold.
• For COG COG, we notice a call option trade that happens to be neutral, expiring in 32 day(s) on October 15, 2021. This event was a transfer of 317 contract(s) at a $19.00 strike. The total cost received by the writing party (or parties) was $30.1K, with a price of $95.0 per contract. There were 13204 open contracts at this strike prior to today, and today 3373 contract(s) were bought and sold.
• For PXD PXD, we notice a call option sweep that happens to be bearish, expiring in 67 day(s) on November 19, 2021. This event was a transfer of 327 contract(s) at a $170.00 strike. This particular call needed to be split into 26 different trades to become filled. The total cost received by the writing party (or parties) was $120.6K, with a price of $360.0 per contract. There were 1238 open contracts at this strike prior to today, and today 1917 contract(s) were bought and sold.
• For SD SD, we notice a call option trade that happens to be bullish, expiring in 130 day(s) on January 21, 2022. This event was a transfer of 800 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $183.9K, with a price of $230.0 per contract. There were 4344 open contracts at this strike prior to today, and today 1045 contract(s) were bought and sold.
• Regarding PBR PBR, we observe a put option sweep with bullish sentiment. It expires in 494 day(s) on January 20, 2023. Parties traded 300 contract(s) at a $10.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $73.5K, with a price of $245.0 per contract. There were 71135 open contracts at this strike prior to today, and today 1031 contract(s) were bought and sold.
• Regarding COP COP, we observe a put option trade with bullish sentiment. It expires in 67 day(s) on November 19, 2021. Parties traded 241 contract(s) at a $55.00 strike. The total cost received by the writing party (or parties) was $59.0K, with a price of $245.0 per contract. There were 2627 open contracts at this strike prior to today, and today 950 contract(s) were bought and sold.
• Regarding MPC MPC, we observe a put option trade with bullish sentiment. It expires in 67 day(s) on November 19, 2021. Parties traded 459 contract(s) at a $57.50 strike. The total cost received by the writing party (or parties) was $156.0K, with a price of $340.0 per contract. There were 2448 open contracts at this strike prior to today, and today 927 contract(s) were bought and sold.
• Regarding SWN SWN, we observe a call option trade with bullish sentiment. It expires in 4 day(s) on September 17, 2021. Parties traded 400 contract(s) at a $4.00 strike. The total cost received by the writing party (or parties) was $50.4K, with a price of $126.0 per contract. There were 2418 open contracts at this strike prior to today, and today 923 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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