10 Financials Stocks Whale Activity In Today's Session

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 Financials sector:

Explanation

These itemized elaborations have been created using the accompanying table.

• Regarding ALLY ALLY, we observe a call option trade with bullish sentiment. It expires in 669 day(s) on January 17, 2025. Parties traded 250 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $77.5K, with a price of $310.0 per contract. There were 64 open contracts at this strike prior to today, and today 5633 contract(s) were bought and sold.

• For FRC FRC, we notice a call option sweep that happens to be bearish, expiring in 11 day(s) on March 31, 2023. This event was a transfer of 177 contract(s) at a $30.00 strike. This particular call needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $29.2K, with a price of $165.0 per contract. There were 1192 open contracts at this strike prior to today, and today 840 contract(s) were bought and sold.

• For C C, we notice a put option trade that happens to be bullish, expiring in 179 day(s) on September 15, 2023. This event was a transfer of 196 contract(s) at a $32.50 strike. The total cost received by the writing party (or parties) was $25.6K, with a price of $131.0 per contract. There were 851 open contracts at this strike prior to today, and today 571 contract(s) were bought and sold.

• Regarding HBAN HBAN, we observe a call option sweep with bearish sentiment. It expires in 32 day(s) on April 21, 2023. Parties traded 325 contract(s) at a $10.00 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 $42.2K, with a price of $130.0 per contract. There were 1456 open contracts at this strike prior to today, and today 374 contract(s) were bought and sold.

• For WFC WFC, we notice a put option sweep that happens to be bullish, expiring in 214 day(s) on October 20, 2023. This event was a transfer of 301 contract(s) at a $35.00 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 $91.8K, with a price of $305.0 per contract. There were 1003 open contracts at this strike prior to today, and today 347 contract(s) were bought and sold.

• Regarding SCHW SCHW, we observe a call option sweep with bearish sentiment. It expires in 88 day(s) on June 16, 2023. Parties traded 45 contract(s) at a $55.00 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 $34.8K, with a price of $775.0 per contract. There were 1567 open contracts at this strike prior to today, and today 238 contract(s) were bought and sold.

• Regarding COIN COIN, we observe a put option trade with bearish sentiment. It expires in 88 day(s) on June 16, 2023. Parties traded 40 contract(s) at a $80.00 strike. The total cost received by the writing party (or parties) was $75.6K, with a price of $1890.0 per contract. There were 618 open contracts at this strike prior to today, and today 215 contract(s) were bought and sold.

• Regarding SOFI SOFI, we observe a call option trade with bullish sentiment. It expires in 32 day(s) on April 21, 2023. Parties traded 130 contract(s) at a $2.50 strike. The total cost received by the writing party (or parties) was $37.3K, with a price of $287.0 per contract. There were 1913 open contracts at this strike prior to today, and today 130 contract(s) were bought and sold.

• Regarding JPM JPM, we observe a call option trade with bearish sentiment. It expires in 305 day(s) on January 19, 2024. Parties traded 20 contract(s) at a $110.00 strike. The total cost received by the writing party (or parties) was $50.4K, with a price of $2520.0 per contract. There were 1166 open contracts at this strike prior to today, and today 55 contract(s) were bought and sold.

• For GS GS, we notice a put option trade that happens to be neutral, expiring in 305 day(s) on January 19, 2024. This event was a transfer of 11 contract(s) at a $300.00 strike. The total cost received by the writing party (or parties) was $33.1K, with a price of $3015.0 per contract. There were 3295 open contracts at this strike prior to today, and today 36 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 about unusual options activity.

This article was generated by Benzinga's automated content engine and reviewed by an editor.