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 |
---|---|---|---|---|---|---|---|---|
XP | PUT | TRADE | BULLISH | 08/18/23 | $8.00 | $140.0K | 10.0K | 10.0K |
EWBC | CALL | SWEEP | BULLISH | 06/16/23 | $45.00 | $45.2K | 50 | 2.0K |
JPM | PUT | TRADE | BEARISH | 01/19/24 | $125.00 | $1.5 million | 14.7K | 2.0K |
CMA | PUT | TRADE | BULLISH | 05/19/23 | $35.00 | $97.7K | 7.5K | 1.8K |
TRUP | PUT | TRADE | BULLISH | 05/19/23 | $35.00 | $68.2K | 1.6K | 590 |
COIN | PUT | SWEEP | BEARISH | 05/19/23 | $56.00 | $40.0K | 810 | 544 |
NYCB | PUT | SWEEP | NEUTRAL | 10/20/23 | $9.00 | $29.6K | 2.2K | 499 |
BOH | PUT | TRADE | BULLISH | 05/19/23 | $40.00 | $80.0K | 609 | 394 |
PACW | PUT | TRADE | BEARISH | 05/19/23 | $5.50 | $27.4K | 6.2K | 313 |
MS | PUT | SWEEP | BULLISH | 07/21/23 | $85.00 | $49.4K | 3.5K | 198 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For XP XP, we notice a put option trade that happens to be bullish, expiring in 98 day(s) on August 18, 2023. This event was a transfer of 10000 contract(s) at a $8.00 strike. The total cost received by the writing party (or parties) was $140.0K, with a price of $14.0 per contract. There were 10021 open contracts at this strike prior to today, and today 10001 contract(s) were bought and sold.
• For EWBC EWBC, we notice a call option sweep that happens to be bullish, expiring in 35 day(s) on June 16, 2023. This event was a transfer of 146 contract(s) at a $45.00 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 $45.2K, with a price of $310.0 per contract. There were 50 open contracts at this strike prior to today, and today 2077 contract(s) were bought and sold.
• For JPM JPM, we notice a put option trade that happens to be bearish, expiring in 252 day(s) on January 19, 2024. This event was a transfer of 2000 contract(s) at a $125.00 strike. The total cost received by the writing party (or parties) was $1.5 million, with a price of $790.0 per contract. There were 14716 open contracts at this strike prior to today, and today 2010 contract(s) were bought and sold.
• For CMA CMA, we notice a put option trade that happens to be bullish, expiring in 7 day(s) on May 19, 2023. This event was a transfer of 250 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $97.7K, with a price of $391.0 per contract. There were 7527 open contracts at this strike prior to today, and today 1877 contract(s) were bought and sold.
• Regarding TRUP TRUP, we observe a put option trade with bullish sentiment. It expires in 7 day(s) on May 19, 2023. Parties traded 50 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $68.2K, with a price of $1365.0 per contract. There were 1620 open contracts at this strike prior to today, and today 590 contract(s) were bought and sold.
• For COIN COIN, we notice a put option sweep that happens to be bearish, expiring in 7 day(s) on May 19, 2023. This event was a transfer of 200 contract(s) at a $56.00 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 $40.0K, with a price of $200.0 per contract. There were 810 open contracts at this strike prior to today, and today 544 contract(s) were bought and sold.
• For NYCB NYCB, we notice a put option sweep that happens to be neutral, expiring in 161 day(s) on October 20, 2023. This event was a transfer of 499 contract(s) at a $9.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $29.6K, with a price of $55.0 per contract. There were 2225 open contracts at this strike prior to today, and today 499 contract(s) were bought and sold.
• For BOH BOH, we notice a put option trade that happens to be bullish, expiring in 7 day(s) on May 19, 2023. This event was a transfer of 100 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $80.0K, with a price of $800.0 per contract. There were 609 open contracts at this strike prior to today, and today 394 contract(s) were bought and sold.
• Regarding PACW PACW, we observe a put option trade with bearish sentiment. It expires in 7 day(s) on May 19, 2023. Parties traded 200 contract(s) at a $5.50 strike. The total cost received by the writing party (or parties) was $27.4K, with a price of $137.0 per contract. There were 6260 open contracts at this strike prior to today, and today 313 contract(s) were bought and sold.
• Regarding MS MS, we observe a put option sweep with bullish sentiment. It expires in 70 day(s) on July 21, 2023. Parties traded 95 contract(s) at a $85.00 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 $49.4K, with a price of $520.0 per contract. There were 3504 open contracts at this strike prior to today, and today 198 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.
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