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 Industrials sector:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|
AAL | PUT | SWEEP | BEARISH | 09/16/22 | $11.00 | $93.8K | 4.7K | 2.2K |
ZIM | CALL | SWEEP | BULLISH | 10/21/22 | $55.00 | $25.7K | 894 | 1.8K |
UPS | PUT | TRADE | BEARISH | 07/29/22 | $175.00 | $32.0K | 329 | 965 |
UNP | CALL | TRADE | BULLISH | 08/19/22 | $210.00 | $28.0K | 1.5K | 894 |
BA | CALL | SWEEP | BEARISH | 07/22/22 | $150.00 | $58.7K | 3.0K | 868 |
CHPT | PUT | TRADE | BEARISH | 07/29/22 | $14.50 | $42.0K | 6.4K | 582 |
UAL | PUT | TRADE | BEARISH | 08/19/22 | $34.00 | $26.2K | 3.4K | 431 |
CSGP | PUT | SWEEP | BULLISH | 08/19/22 | $60.00 | $36.0K | 104 | 393 |
FDX | CALL | TRADE | BULLISH | 08/05/22 | $227.50 | $31.9K | 13 | 140 |
SMR | CALL | SWEEP | BULLISH | 08/19/22 | $7.50 | $53.0K | 22 | 101 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For AAL AAL, we notice a put option sweep that happens to be bearish, expiring in 56 day(s) on September 16, 2022. This event was a transfer of 2183 contract(s) at a $11.00 strike. This particular put needed to be split into 31 different trades to become filled. The total cost received by the writing party (or parties) was $93.8K, with a price of $43.0 per contract. There were 4730 open contracts at this strike prior to today, and today 2218 contract(s) were bought and sold.
• Regarding ZIM ZIM, we observe a call option sweep with bullish sentiment. It expires in 91 day(s) on October 21, 2022. Parties traded 103 contract(s) at a $55.00 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 $25.7K, with a price of $250.0 per contract. There were 894 open contracts at this strike prior to today, and today 1889 contract(s) were bought and sold.
• For UPS UPS, we notice a put option trade that happens to be bearish, expiring in 7 day(s) on July 29, 2022. This event was a transfer of 100 contract(s) at a $175.00 strike. The total cost received by the writing party (or parties) was $32.0K, with a price of $320.0 per contract. There were 329 open contracts at this strike prior to today, and today 965 contract(s) were bought and sold.
• Regarding UNP UNP, we observe a call option trade with bullish sentiment. It expires in 28 day(s) on August 19, 2022. Parties traded 33 contract(s) at a $210.00 strike. The total cost received by the writing party (or parties) was $28.0K, with a price of $850.0 per contract. There were 1525 open contracts at this strike prior to today, and today 894 contract(s) were bought and sold.
• For BA BA, we notice a call option sweep that happens to be bearish, is expiring today. Parties traded 72 contract(s) at a $150.00 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 $58.7K, with a price of $815.0 per contract. There were 3021 open contracts at this strike prior to today, and today 868 contract(s) were bought and sold.
• For CHPT CHPT, we notice a put option trade that happens to be bearish, expiring in 7 day(s) on July 29, 2022. This event was a transfer of 400 contract(s) at a $14.50 strike. The total cost received by the writing party (or parties) was $42.0K, with a price of $105.0 per contract. There were 6419 open contracts at this strike prior to today, and today 582 contract(s) were bought and sold.
• Regarding UAL UAL, we observe a put option trade with bearish sentiment. It expires in 28 day(s) on August 19, 2022. Parties traded 200 contract(s) at a $34.00 strike. The total cost received by the writing party (or parties) was $26.2K, with a price of $131.0 per contract. There were 3418 open contracts at this strike prior to today, and today 431 contract(s) were bought and sold.
• For CSGP CSGP, we notice a put option sweep that happens to be bullish, expiring in 28 day(s) on August 19, 2022. This event was a transfer of 144 contract(s) at a $60.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $36.0K, with a price of $250.0 per contract. There were 104 open contracts at this strike prior to today, and today 393 contract(s) were bought and sold.
• For FDX FDX, we notice a call option trade that happens to be bullish, expiring in 14 day(s) on August 5, 2022. This event was a transfer of 57 contract(s) at a $227.50 strike. The total cost received by the writing party (or parties) was $31.9K, with a price of $560.0 per contract. There were 13 open contracts at this strike prior to today, and today 140 contract(s) were bought and sold.
• For SMR SMR, we notice a call option sweep that happens to be bullish, expiring in 28 day(s) on August 19, 2022. This event was a transfer of 100 contract(s) at a $7.50 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $53.0K, with a price of $530.0 per contract. There were 22 open contracts at this strike prior to today, and today 101 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.
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