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 Financials sector:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|
SQ | CALL | SWEEP | BULLISH | 01/19/24 | $70.00 | $81.1K | 9.5K | 2.4K |
MET | CALL | SWEEP | BULLISH | 06/21/24 | $67.50 | $28.5K | 1.1K | 1.1K |
FIS | CALL | SWEEP | BULLISH | 01/19/24 | $60.00 | $124.0K | 6.4K | 888 |
PNC | PUT | SWEEP | BEARISH | 03/15/24 | $145.00 | $30.4K | 114 | 807 |
C | PUT | SWEEP | NEUTRAL | 01/17/25 | $52.50 | $72.5K | 10.8K | 142 |
JPM | CALL | TRADE | NEUTRAL | 01/19/24 | $130.00 | $46.0K | 12.4K | 18 |
SPGI | CALL | SWEEP | NEUTRAL | 01/16/26 | $490.00 | $41.1K | 0 | 12 |
COF | CALL | TRADE | NEUTRAL | 01/17/25 | $120.00 | $43.2K | 856 | 0 |
KKR | CALL | SWEEP | BEARISH | 03/15/24 | $80.00 | $34.1K | 588 | 0 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding SQ SQ, we observe a call option sweep with bullish sentiment. It expires in 43 day(s) on January 19, 2024. Parties traded 246 contract(s) at a $70.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $81.1K, with a price of $330.0 per contract. There were 9530 open contracts at this strike prior to today, and today 2456 contract(s) were bought and sold.
• Regarding MET MET, we observe a call option sweep with bullish sentiment. It expires in 197 day(s) on June 21, 2024. Parties traded 100 contract(s) at a $67.50 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $28.5K, with a price of $285.0 per contract. There were 1147 open contracts at this strike prior to today, and today 1152 contract(s) were bought and sold.
• Regarding FIS FIS, we observe a call option sweep with bullish sentiment. It expires in 43 day(s) on January 19, 2024. Parties traded 827 contract(s) at a $60.00 strike. This particular call needed to be split into 35 different trades to become filled. The total cost received by the writing party (or parties) was $124.0K, with a price of $149.0 per contract. There were 6456 open contracts at this strike prior to today, and today 888 contract(s) were bought and sold.
• For PNC PNC, we notice a put option sweep that happens to be bearish, expiring in 99 day(s) on March 15, 2024. This event was a transfer of 29 contract(s) at a $145.00 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 $30.4K, with a price of $1050.0 per contract. There were 114 open contracts at this strike prior to today, and today 807 contract(s) were bought and sold.
• For C C, we notice a put option sweep that happens to be neutral, expiring in 407 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $52.50 strike. This particular put needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $72.5K, with a price of $725.0 per contract. There were 10863 open contracts at this strike prior to today, and today 142 contract(s) were bought and sold.
• Regarding JPM JPM, we observe a call option trade with neutral sentiment. It expires in 43 day(s) on January 19, 2024. Parties traded 17 contract(s) at a $130.00 strike. The total cost received by the writing party (or parties) was $46.0K, with a price of $2708.0 per contract. There were 12454 open contracts at this strike prior to today, and today 18 contract(s) were bought and sold.
• Regarding SPGI SPGI, we observe a call option sweep with neutral sentiment. It expires in 771 day(s) on January 16, 2026. Parties traded 10 contract(s) at a $490.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $41.1K, with a price of $4115.0 per contract. There were 0 open contracts at this strike prior to today, and today 12 contract(s) were bought and sold.
• Regarding COF COF, we observe a call option trade with neutral sentiment. It expires in 407 day(s) on January 17, 2025. Parties traded 30 contract(s) at a $120.00 strike. The total cost received by the writing party (or parties) was $43.2K, with a price of $1440.0 per contract. There were 856 open contracts at this strike prior to today, and today 0 contract(s) were bought and sold.
• Regarding KKR KKR, we observe a call option sweep with bearish sentiment. It expires in 99 day(s) on March 15, 2024. Parties traded 129 contract(s) at a $80.00 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 $34.1K, with a price of $265.0 per contract. There were 588 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 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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.