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 bullet-by-bullet explanations have been constructed using the accompanying table.

• For UPST UPST, we notice a call option trade that happens to be bearish, expiring in 8 day(s) on May 19, 2023. This event was a transfer of 1286 contract(s) at a $17.50 strike. The total cost received by the writing party (or parties) was $90.0K, with a price of $70.0 per contract. There were 9720 open contracts at this strike prior to today, and today 3122 contract(s) were bought and sold.

• For WFC WFC, we notice a put option trade that happens to be bullish, expiring in 36 day(s) on June 16, 2023. This event was a transfer of 1123 contract(s) at a $37.50 strike. The total cost received by the writing party (or parties) was $129.1K, with a price of $115.0 per contract. There were 20980 open contracts at this strike prior to today, and today 2751 contract(s) were bought and sold.

• Regarding COF COF, we observe a put option trade with bearish sentiment. It expires in 36 day(s) on June 16, 2023. Parties traded 44 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $26.4K, with a price of $600.0 per contract. There were 5747 open contracts at this strike prior to today, and today 1583 contract(s) were bought and sold.

• Regarding BAC BAC, we observe a call option sweep with bullish sentiment. It expires in 253 day(s) on January 19, 2024. Parties traded 150 contract(s) at a $28.00 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 $41.8K, with a price of $279.0 per contract. There were 33682 open contracts at this strike prior to today, and today 651 contract(s) were bought and sold.

• Regarding MS MS, we observe a put option sweep with bearish sentiment. It expires in 71 day(s) on July 21, 2023. Parties traded 119 contract(s) at a $82.50 strike. This particular put needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $48.8K, with a price of $410.0 per contract. There were 5372 open contracts at this strike prior to today, and today 650 contract(s) were bought and sold.

• For COIN COIN, we notice a put option sweep that happens to be bearish, expiring in 36 day(s) on June 16, 2023. This event was a transfer of 100 contract(s) at a $60.00 strike. This particular put needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $62.0K, with a price of $620.0 per contract. There were 12789 open contracts at this strike prior to today, and today 518 contract(s) were bought and sold.

• For PACW PACW, we notice a put option sweep that happens to be bearish, expiring in 71 day(s) on July 21, 2023. This event was a transfer of 200 contract(s) at a $5.00 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 $44.0K, with a price of $220.0 per contract. There were 200 open contracts at this strike prior to today, and today 362 contract(s) were bought and sold.

• For WAL WAL, we notice a call option sweep that happens to be bullish, expiring in 8 day(s) on May 19, 2023. This event was a transfer of 100 contract(s) at a $27.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $28.5K, with a price of $285.0 per contract. There were 157 open contracts at this strike prior to today, and today 337 contract(s) were bought and sold.

• Regarding AX AX, we observe a put option trade with bullish sentiment. It expires in 71 day(s) on July 21, 2023. Parties traded 210 contract(s) at a $37.50 strike. The total cost received by the writing party (or parties) was $63.0K, with a price of $300.0 per contract. There were 818 open contracts at this strike prior to today, and today 300 contract(s) were bought and sold.

• For BX BX, we notice a put option sweep that happens to be bearish, expiring in 127 day(s) on September 15, 2023. This event was a transfer of 60 contract(s) at a $75.00 strike. This particular put needed to be split into 30 different trades to become filled. The total cost received by the writing party (or parties) was $27.9K, with a price of $465.0 per contract. There were 4117 open contracts at this strike prior to today, and today 133 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.