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.
Here's the list of options activity happening in today's session:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|
COIN | PUT | SWEEP | BEARISH | 05/19/23 | $50.00 | $45.5K | 17.4K | 5.1K |
SCHW | PUT | SWEEP | BEARISH | 05/19/23 | $45.00 | $36.0K | 6.4K | 4.9K |
PACW | PUT | TRADE | BEARISH | 05/05/23 | $9.00 | $34.9K | 7.8K | 4.8K |
SOFI | CALL | TRADE | NEUTRAL | 05/19/23 | $4.50 | $60.0K | 220 | 1.9K |
GS | PUT | TRADE | BULLISH | 05/05/23 | $340.00 | $147.2K | 1.0K | 1.4K |
BAC | CALL | SWEEP | BEARISH | 07/21/23 | $29.00 | $27.3K | 8.3K | 1.1K |
NLY | CALL | SWEEP | BULLISH | 05/19/23 | $19.50 | $33.2K | 504 | 717 |
FHN | CALL | SWEEP | BULLISH | 06/16/23 | $17.00 | $108.4K | 3.0K | 559 |
SYF | PUT | SWEEP | BEARISH | 07/21/23 | $25.00 | $55.0K | 3.4K | 504 |
MET | PUT | SWEEP | BEARISH | 05/05/23 | $59.00 | $43.0K | 808 | 327 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For COIN COIN, we notice a put option sweep that happens to be bearish, expiring in 17 day(s) on May 19, 2023. This event was a transfer of 100 contract(s) at a $50.00 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 $45.5K, with a price of $455.0 per contract. There were 17445 open contracts at this strike prior to today, and today 5124 contract(s) were bought and sold.
• For SCHW SCHW, we notice a put option sweep that happens to be bearish, expiring in 17 day(s) on May 19, 2023. This event was a transfer of 500 contract(s) at a $45.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $36.0K, with a price of $72.0 per contract. There were 6489 open contracts at this strike prior to today, and today 4988 contract(s) were bought and sold.
• For PACW PACW, we notice a put option trade that happens to be bearish, expiring in 3 day(s) on May 5, 2023. This event was a transfer of 150 contract(s) at a $9.00 strike. The total cost received by the writing party (or parties) was $34.9K, with a price of $233.0 per contract. There were 7848 open contracts at this strike prior to today, and today 4865 contract(s) were bought and sold.
• For SOFI SOFI, we notice a call option trade that happens to be neutral, expiring in 17 day(s) on May 19, 2023. This event was a transfer of 1200 contract(s) at a $4.50 strike. The total cost received by the writing party (or parties) was $60.0K, with a price of $50.0 per contract. There were 220 open contracts at this strike prior to today, and today 1918 contract(s) were bought and sold.
• Regarding GS GS, we observe a put option trade with bullish sentiment. It expires in 3 day(s) on May 5, 2023. Parties traded 184 contract(s) at a $340.00 strike. The total cost received by the writing party (or parties) was $147.2K, with a price of $800.0 per contract. There were 1080 open contracts at this strike prior to today, and today 1469 contract(s) were bought and sold.
• Regarding BAC BAC, we observe a call option sweep with bearish sentiment. It expires in 80 day(s) on July 21, 2023. Parties traded 230 contract(s) at a $29.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $27.3K, with a price of $119.0 per contract. There were 8339 open contracts at this strike prior to today, and today 1152 contract(s) were bought and sold.
• For NLY NLY, we notice a call option sweep that happens to be bullish, expiring in 17 day(s) on May 19, 2023. This event was a transfer of 1145 contract(s) at a $19.50 strike. This particular call needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $33.2K, with a price of $29.0 per contract. There were 504 open contracts at this strike prior to today, and today 717 contract(s) were bought and sold.
• For FHN FHN, we notice a call option sweep that happens to be bullish, expiring in 45 day(s) on June 16, 2023. This event was a transfer of 542 contract(s) at a $17.00 strike. This particular call needed to be split into 35 different trades to become filled. The total cost received by the writing party (or parties) was $108.4K, with a price of $200.0 per contract. There were 3039 open contracts at this strike prior to today, and today 559 contract(s) were bought and sold.
• For SYF SYF, we notice a put option sweep that happens to be bearish, expiring in 80 day(s) on July 21, 2023. This event was a transfer of 500 contract(s) at a $25.00 strike. This particular put needed to be split into 27 different trades to become filled. The total cost received by the writing party (or parties) was $55.0K, with a price of $110.0 per contract. There were 3472 open contracts at this strike prior to today, and today 504 contract(s) were bought and sold.
• Regarding MET MET, we observe a put option sweep with bearish sentiment. It expires in 3 day(s) on May 5, 2023. Parties traded 278 contract(s) at a $59.00 strike. This particular put needed to be split into 28 different trades to become filled. The total cost received by the writing party (or parties) was $43.0K, with a price of $155.0 per contract. There were 808 open contracts at this strike prior to today, and today 327 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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