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 |
|---|---|---|---|---|---|---|---|---|
| C | CALL | SWEEP | BEARISH | 01/19/24 | $55.00 | $30.0K | 106.5K | 6.0K |
| MS | PUT | SWEEP | BEARISH | 10/20/23 | $80.00 | $200.1K | 5.3K | 2.5K |
| WFC | PUT | SWEEP | BEARISH | 10/20/23 | $40.00 | $54.7K | 22.4K | 502 |
| BLK | PUT | TRADE | BULLISH | 01/17/25 | $520.00 | $51.3K | 40 | 178 |
| GS | PUT | TRADE | BULLISH | 10/06/23 | $325.00 | $84.0K | 154 | 132 |
| BAC | CALL | TRADE | BULLISH | 01/16/26 | $27.00 | $29.8K | 428 | 70 |
| COF | CALL | SWEEP | BULLISH | 01/19/24 | $100.00 | $28.0K | 2.1K | 64 |
| UPST | CALL | SWEEP | BULLISH | 12/15/23 | $20.00 | $44.2K | 99 | 60 |
| XP | CALL | TRADE | BEARISH | 01/17/25 | $20.00 | $25.7K | 385 | 0 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding C C, we observe a call option sweep with bearish sentiment. It expires in 114 day(s) on January 19, 2024. Parties traded 3000 contract(s) at a $55.00 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 $30.0K, with a price of $10.0 per contract. There were 106580 open contracts at this strike prior to today, and today 6014 contract(s) were bought and sold.
• Regarding MS MS, we observe a put option sweep with bearish sentiment. It expires in 23 day(s) on October 20, 2023. Parties traded 1021 contract(s) at a $80.00 strike. This particular put needed to be split into 51 different trades to become filled. The total cost received by the writing party (or parties) was $200.1K, with a price of $197.0 per contract. There were 5372 open contracts at this strike prior to today, and today 2575 contract(s) were bought and sold.
• For WFC WFC, we notice a put option sweep that happens to be bearish, expiring in 23 day(s) on October 20, 2023. This event was a transfer of 512 contract(s) at a $40.00 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 $54.7K, with a price of $107.0 per contract. There were 22479 open contracts at this strike prior to today, and today 502 contract(s) were bought and sold.
• For BLK BLK, we notice a put option trade that happens to be bullish, expiring in 478 day(s) on January 17, 2025. This event was a transfer of 17 contract(s) at a $520.00 strike. The total cost received by the writing party (or parties) was $51.3K, with a price of $3020.0 per contract. There were 40 open contracts at this strike prior to today, and today 178 contract(s) were bought and sold.
• Regarding GS GS, we observe a put option trade with bullish sentiment. It expires in 9 day(s) on October 6, 2023. Parties traded 100 contract(s) at a $325.00 strike. The total cost received by the writing party (or parties) was $84.0K, with a price of $840.0 per contract. There were 154 open contracts at this strike prior to today, and today 132 contract(s) were bought and sold.
• For BAC BAC, we notice a call option trade that happens to be bullish, expiring in 842 day(s) on January 16, 2026. This event was a transfer of 58 contract(s) at a $27.00 strike. The total cost received by the writing party (or parties) was $29.8K, with a price of $515.0 per contract. There were 428 open contracts at this strike prior to today, and today 70 contract(s) were bought and sold.
• For COF COF, we notice a call option sweep that happens to be bullish, expiring in 114 day(s) on January 19, 2024. This event was a transfer of 50 contract(s) at a $100.00 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 $28.0K, with a price of $560.0 per contract. There were 2132 open contracts at this strike prior to today, and today 64 contract(s) were bought and sold.
• Regarding UPST UPST, we observe a call option sweep with bullish sentiment. It expires in 79 day(s) on December 15, 2023. Parties traded 55 contract(s) at a $20.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $44.2K, with a price of $805.0 per contract. There were 99 open contracts at this strike prior to today, and today 60 contract(s) were bought and sold.
• Regarding XP XP, we observe a call option trade with bearish sentiment. It expires in 478 day(s) on January 17, 2025. Parties traded 39 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $25.7K, with a price of $660.0 per contract. There were 385 open contracts at this strike prior to today, and today 0 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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