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 |
---|---|---|---|---|---|---|---|---|
UPS | CALL | TRADE | NEUTRAL | 08/25/23 | $180.00 | $32.9K | 98 | 4.8K |
SPCE | CALL | SWEEP | BULLISH | 08/18/23 | $3.00 | $42.1K | 868 | 1.8K |
JBLU | CALL | SWEEP | BULLISH | 09/15/23 | $6.00 | $46.2K | 682 | 1.0K |
GE | PUT | SWEEP | BULLISH | 09/29/23 | $116.00 | $33.2K | 0 | 603 |
AAL | PUT | SWEEP | BEARISH | 06/21/24 | $15.00 | $83.5K | 26.3K | 500 |
BLNK | PUT | SWEEP | BULLISH | 08/11/23 | $7.00 | $28.7K | 315 | 252 |
AZUL | CALL | TRADE | BEARISH | 01/17/25 | $2.50 | $81.1K | 217 | 100 |
BA | CALL | TRADE | BEARISH | 01/17/25 | $210.00 | $112.1K | 1.0K | 22 |
HRI | CALL | TRADE | BULLISH | 09/15/23 | $90.00 | $43.2K | 28 | 10 |
HON | CALL | TRADE | BULLISH | 12/15/23 | $130.00 | $31.2K | 23 | 5 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding UPS UPS, we observe a call option trade with neutral sentiment. It expires in 14 day(s) on August 25, 2023. Parties traded 183 contract(s) at a $180.00 strike. The total cost received by the writing party (or parties) was $32.9K, with a price of $180.0 per contract. There were 98 open contracts at this strike prior to today, and today 4813 contract(s) were bought and sold.
• Regarding SPCE SPCE, we observe a call option sweep with bullish sentiment. It expires in 7 day(s) on August 18, 2023. Parties traded 1500 contract(s) at a $3.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $42.1K, with a price of $28.0 per contract. There were 868 open contracts at this strike prior to today, and today 1810 contract(s) were bought and sold.
• Regarding JBLU JBLU, we observe a call option sweep with bullish sentiment. It expires in 35 day(s) on September 15, 2023. Parties traded 700 contract(s) at a $6.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $46.2K, with a price of $66.0 per contract. There were 682 open contracts at this strike prior to today, and today 1035 contract(s) were bought and sold.
• For GE GE, we notice a put option sweep that happens to be bullish, expiring in 49 day(s) on September 29, 2023. This event was a transfer of 80 contract(s) at a $116.00 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 $33.2K, with a price of $415.0 per contract. There were 0 open contracts at this strike prior to today, and today 603 contract(s) were bought and sold.
• Regarding AAL AAL, we observe a put option sweep with bearish sentiment. It expires in 315 day(s) on June 21, 2024. Parties traded 500 contract(s) at a $15.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $83.5K, with a price of $167.0 per contract. There were 26366 open contracts at this strike prior to today, and today 500 contract(s) were bought and sold.
• For BLNK BLNK, we notice a put option sweep that happens to be bullish, is expiring today. Parties traded 250 contract(s) at a $7.00 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 $28.7K, with a price of $115.0 per contract. There were 315 open contracts at this strike prior to today, and today 252 contract(s) were bought and sold.
• For AZUL AZUL, we notice a call option trade that happens to be bearish, expiring in 525 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $2.50 strike. The total cost received by the writing party (or parties) was $81.1K, with a price of $811.0 per contract. There were 217 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold.
• For BA BA, we notice a call option trade that happens to be bearish, expiring in 525 day(s) on January 17, 2025. This event was a transfer of 19 contract(s) at a $210.00 strike. The total cost received by the writing party (or parties) was $112.1K, with a price of $5905.0 per contract. There were 1035 open contracts at this strike prior to today, and today 22 contract(s) were bought and sold.
• For HRI HRI, we notice a call option trade that happens to be bullish, expiring in 35 day(s) on September 15, 2023. This event was a transfer of 10 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $43.2K, with a price of $4325.0 per contract. There were 28 open contracts at this strike prior to today, and today 10 contract(s) were bought and sold.
• Regarding HON HON, we observe a call option trade with bullish sentiment. It expires in 126 day(s) on December 15, 2023. Parties traded 5 contract(s) at a $130.00 strike. The total cost received by the writing party (or parties) was $31.2K, with a price of $6250.0 per contract. There were 23 open contracts at this strike prior to today, and today 5 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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