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 |
---|---|---|---|---|---|---|---|---|
CHRW | PUT | SWEEP | BULLISH | 02/16/24 | $80.00 | $25.0K | 167 | 2.6K |
LUV | CALL | SWEEP | BULLISH | 01/19/24 | $25.00 | $33.0K | 3.9K | 414 |
SAVE | PUT | SWEEP | BEARISH | 03/15/24 | $10.00 | $49.0K | 11.0K | 255 |
TREX | PUT | SWEEP | BULLISH | 01/19/24 | $55.00 | $51.7K | 345 | 143 |
BA | PUT | SWEEP | BEARISH | 02/16/24 | $220.00 | $68.4K | 447 | 100 |
DAL | PUT | SWEEP | BULLISH | 12/15/23 | $33.00 | $39.5K | 4.7K | 79 |
PWR | PUT | SWEEP | BULLISH | 12/15/23 | $160.00 | $32.5K | 74 | 56 |
UPS | CALL | TRADE | BEARISH | 11/17/23 | $140.00 | $32.8K | 433 | 44 |
GE | CALL | TRADE | BULLISH | 01/17/25 | $105.00 | $81.1K | 731 | 6 |
URI | CALL | SWEEP | BULLISH | 01/19/24 | $420.00 | $41.0K | 188 | 2 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For CHRW CHRW, we notice a put option sweep that happens to be bullish, expiring in 109 day(s) on February 16, 2024. This event was a transfer of 44 contract(s) at a $80.00 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 $25.0K, with a price of $570.0 per contract. There were 167 open contracts at this strike prior to today, and today 2626 contract(s) were bought and sold.
• Regarding LUV LUV, we observe a call option sweep with bullish sentiment. It expires in 81 day(s) on January 19, 2024. Parties traded 500 contract(s) at a $25.00 strike. This particular call needed to be split into 31 different trades to become filled. The total cost received by the writing party (or parties) was $33.0K, with a price of $66.0 per contract. There were 3970 open contracts at this strike prior to today, and today 414 contract(s) were bought and sold.
• For SAVE SAVE, we notice a put option sweep that happens to be bearish, expiring in 137 day(s) on March 15, 2024. This event was a transfer of 202 contract(s) at a $10.00 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 $49.0K, with a price of $243.0 per contract. There were 11063 open contracts at this strike prior to today, and today 255 contract(s) were bought and sold.
• Regarding TREX TREX, we observe a put option sweep with bullish sentiment. It expires in 81 day(s) on January 19, 2024. Parties traded 115 contract(s) at a $55.00 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 $51.7K, with a price of $450.0 per contract. There were 345 open contracts at this strike prior to today, and today 143 contract(s) were bought and sold.
• Regarding BA BA, we observe a put option sweep with bearish sentiment. It expires in 109 day(s) on February 16, 2024. Parties traded 18 contract(s) at a $220.00 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 $68.4K, with a price of $3800.0 per contract. There were 447 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold.
• For DAL DAL, we notice a put option sweep that happens to be bullish, expiring in 46 day(s) on December 15, 2023. This event was a transfer of 158 contract(s) at a $33.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $39.5K, with a price of $250.0 per contract. There were 4718 open contracts at this strike prior to today, and today 79 contract(s) were bought and sold.
• Regarding PWR PWR, we observe a put option sweep with bullish sentiment. It expires in 46 day(s) on December 15, 2023. Parties traded 50 contract(s) at a $160.00 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 $32.5K, with a price of $650.0 per contract. There were 74 open contracts at this strike prior to today, and today 56 contract(s) were bought and sold.
• Regarding UPS UPS, we observe a call option trade with bearish sentiment. It expires in 18 day(s) on November 17, 2023. Parties traded 198 contract(s) at a $140.00 strike. The total cost received by the writing party (or parties) was $32.8K, with a price of $166.0 per contract. There were 433 open contracts at this strike prior to today, and today 44 contract(s) were bought and sold.
• Regarding GE GE, we observe a call option trade with bullish sentiment. It expires in 445 day(s) on January 17, 2025. Parties traded 39 contract(s) at a $105.00 strike. The total cost received by the writing party (or parties) was $81.1K, with a price of $2080.0 per contract. There were 731 open contracts at this strike prior to today, and today 6 contract(s) were bought and sold.
• Regarding URI URI, we observe a call option sweep with bullish sentiment. It expires in 81 day(s) on January 19, 2024. Parties traded 15 contract(s) at a $420.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $41.0K, with a price of $2740.0 per contract. There were 188 open contracts at this strike prior to today, and today 2 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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.