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 |
---|---|---|---|---|---|---|---|---|
NKLA | PUT | SWEEP | BEARISH | 09/01/23 | $1.50 | $70.4K | 6.2K | 27.0K |
UAL | PUT | TRADE | BULLISH | 10/20/23 | $50.00 | $283.0K | 944 | 1.0K |
ARRY | PUT | SWEEP | BULLISH | 09/15/23 | $20.00 | $63.6K | 4.1K | 948 |
ETN | CALL | SWEEP | BULLISH | 10/20/23 | $195.00 | $66.6K | 2.0K | 895 |
ENVX | CALL | TRADE | BULLISH | 10/20/23 | $16.00 | $47.5K | 3.3K | 844 |
CAT | PUT | SWEEP | BEARISH | 09/29/23 | $300.00 | $71.9K | 0 | 125 |
GE | PUT | SWEEP | BEARISH | 01/19/24 | $100.00 | $29.9K | 1.6K | 112 |
URI | PUT | TRADE | BULLISH | 11/17/23 | $460.00 | $31.5K | 23 | 85 |
RTX | CALL | TRADE | NEUTRAL | 01/17/25 | $80.00 | $57.9K | 1.4K | 48 |
GSL | CALL | TRADE | BEARISH | 01/19/24 | $2.50 | $51.0K | 30 | 30 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For NKLA NKLA, we notice a put option sweep that happens to be bearish, expiring in 11 day(s) on September 1, 2023. This event was a transfer of 3338 contract(s) at a $1.50 strike. This particular put needed to be split into 52 different trades to become filled. The total cost received by the writing party (or parties) was $70.4K, with a price of $21.0 per contract. There were 6288 open contracts at this strike prior to today, and today 27047 contract(s) were bought and sold.
• Regarding UAL UAL, we observe a put option trade with bullish sentiment. It expires in 60 day(s) on October 20, 2023. Parties traded 871 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $283.0K, with a price of $325.0 per contract. There were 944 open contracts at this strike prior to today, and today 1011 contract(s) were bought and sold.
• For ARRY ARRY, we notice a put option sweep that happens to be bullish, expiring in 25 day(s) on September 15, 2023. This event was a transfer of 707 contract(s) at a $20.00 strike. This particular put needed to be split into 33 different trades to become filled. The total cost received by the writing party (or parties) was $63.6K, with a price of $90.0 per contract. There were 4164 open contracts at this strike prior to today, and today 948 contract(s) were bought and sold.
• Regarding ETN ETN, we observe a call option sweep with bullish sentiment. It expires in 60 day(s) on October 20, 2023. Parties traded 28 contract(s) at a $195.00 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 $66.6K, with a price of $2380.0 per contract. There were 2072 open contracts at this strike prior to today, and today 895 contract(s) were bought and sold.
• Regarding ENVX ENVX, we observe a call option trade with bullish sentiment. It expires in 60 day(s) on October 20, 2023. Parties traded 500 contract(s) at a $16.00 strike. The total cost received by the writing party (or parties) was $47.5K, with a price of $95.0 per contract. There were 3371 open contracts at this strike prior to today, and today 844 contract(s) were bought and sold.
• Regarding CAT CAT, we observe a put option sweep with bearish sentiment. It expires in 39 day(s) on September 29, 2023. Parties traded 25 contract(s) at a $300.00 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 $71.9K, with a price of $2869.0 per contract. There were 0 open contracts at this strike prior to today, and today 125 contract(s) were bought and sold.
• For GE GE, we notice a put option sweep that happens to be bearish, expiring in 151 day(s) on January 19, 2024. This event was a transfer of 105 contract(s) at a $100.00 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 $29.9K, with a price of $285.0 per contract. There were 1678 open contracts at this strike prior to today, and today 112 contract(s) were bought and sold.
• For URI URI, we notice a put option trade that happens to be bullish, expiring in 88 day(s) on November 17, 2023. This event was a transfer of 9 contract(s) at a $460.00 strike. The total cost received by the writing party (or parties) was $31.5K, with a price of $3500.0 per contract. There were 23 open contracts at this strike prior to today, and today 85 contract(s) were bought and sold.
• Regarding RTX RTX, we observe a call option trade with neutral sentiment. It expires in 515 day(s) on January 17, 2025. Parties traded 40 contract(s) at a $80.00 strike. The total cost received by the writing party (or parties) was $57.9K, with a price of $1449.0 per contract. There were 1444 open contracts at this strike prior to today, and today 48 contract(s) were bought and sold.
• Regarding GSL GSL, we observe a call option trade with bearish sentiment. It expires in 151 day(s) on January 19, 2024. Parties traded 30 contract(s) at a $2.50 strike. The total cost received by the writing party (or parties) was $51.0K, with a price of $1700.0 per contract. There were 30 open contracts at this strike prior to today, and today 30 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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