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 |
---|---|---|---|---|---|---|---|---|
NKLA | PUT | SWEEP | BEARISH | 08/11/23 | $2.50 | $34.9K | 57.3K | 4.7K |
ZTO | PUT | TRADE | BULLISH | 01/19/24 | $24.40 | $190.5K | 1.5K | 1.5K |
VRT | CALL | TRADE | NEUTRAL | 09/15/23 | $37.50 | $84.0K | 745 | 742 |
AMSC | PUT | TRADE | BEARISH | 08/18/23 | $12.00 | $28.7K | 1.2K | 378 |
UPS | CALL | SWEEP | BULLISH | 08/04/23 | $182.50 | $47.3K | 123 | 349 |
ENVX | CALL | TRADE | BULLISH | 01/17/25 | $20.00 | $25.2K | 48.6K | 309 |
UNP | PUT | TRADE | BEARISH | 01/19/24 | $225.00 | $69.9K | 383 | 308 |
BA | PUT | TRADE | BEARISH | 10/20/23 | $230.00 | $27.6K | 422 | 232 |
CAT | CALL | TRADE | BEARISH | 06/21/24 | $340.00 | $26.5K | 177 | 231 |
WCC | CALL | TRADE | BULLISH | 01/19/24 | $130.00 | $68.2K | 1 | 101 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For NKLA NKLA, we notice a put option sweep that happens to be bearish, expiring in 8 day(s) on August 11, 2023. This event was a transfer of 1518 contract(s) at a $2.50 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $34.9K, with a price of $23.0 per contract. There were 57365 open contracts at this strike prior to today, and today 4777 contract(s) were bought and sold.
• For ZTO ZTO, we notice a put option trade that happens to be bullish, expiring in 169 day(s) on January 19, 2024. This event was a transfer of 1500 contract(s) at a $24.40 strike. The total cost received by the writing party (or parties) was $190.5K, with a price of $127.0 per contract. There were 1550 open contracts at this strike prior to today, and today 1501 contract(s) were bought and sold.
• For VRT VRT, we notice a call option trade that happens to be neutral, expiring in 43 day(s) on September 15, 2023. This event was a transfer of 700 contract(s) at a $37.50 strike. The total cost received by the writing party (or parties) was $84.0K, with a price of $120.0 per contract. There were 745 open contracts at this strike prior to today, and today 742 contract(s) were bought and sold.
• For AMSC AMSC, we notice a put option trade that happens to be bearish, expiring in 15 day(s) on August 18, 2023. This event was a transfer of 90 contract(s) at a $12.00 strike. The total cost received by the writing party (or parties) was $28.7K, with a price of $319.0 per contract. There were 1220 open contracts at this strike prior to today, and today 378 contract(s) were bought and sold.
• Regarding UPS UPS, we observe a call option sweep with bullish sentiment. It expires in 1 day(s) on August 4, 2023. Parties traded 305 contract(s) at a $182.50 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 $47.3K, with a price of $155.0 per contract. There were 123 open contracts at this strike prior to today, and today 349 contract(s) were bought and sold.
• For ENVX ENVX, we notice a call option trade that happens to be bullish, expiring in 533 day(s) on January 17, 2025. This event was a transfer of 36 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $25.2K, with a price of $700.0 per contract. There were 48691 open contracts at this strike prior to today, and today 309 contract(s) were bought and sold.
• For UNP UNP, we notice a put option trade that happens to be bearish, expiring in 169 day(s) on January 19, 2024. This event was a transfer of 76 contract(s) at a $225.00 strike. The total cost received by the writing party (or parties) was $69.9K, with a price of $920.0 per contract. There were 383 open contracts at this strike prior to today, and today 308 contract(s) were bought and sold.
• For BA BA, we notice a put option trade that happens to be bearish, expiring in 78 day(s) on October 20, 2023. This event was a transfer of 30 contract(s) at a $230.00 strike. The total cost received by the writing party (or parties) was $27.6K, with a price of $920.0 per contract. There were 422 open contracts at this strike prior to today, and today 232 contract(s) were bought and sold.
• Regarding CAT CAT, we observe a call option trade with bearish sentiment. It expires in 323 day(s) on June 21, 2024. Parties traded 22 contract(s) at a $340.00 strike. The total cost received by the writing party (or parties) was $26.5K, with a price of $1205.0 per contract. There were 177 open contracts at this strike prior to today, and today 231 contract(s) were bought and sold.
• Regarding WCC WCC, we observe a call option trade with bullish sentiment. It expires in 169 day(s) on January 19, 2024. Parties traded 20 contract(s) at a $130.00 strike. The total cost received by the writing party (or parties) was $68.2K, with a price of $3410.0 per contract. There were 1 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 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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