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 |
---|---|---|---|---|---|---|---|---|
COIN | CALL | SWEEP | BULLISH | 12/22/23 | $157.50 | $28.3K | 6.7K | 3.9K |
PYPL | CALL | TRADE | BULLISH | 02/16/24 | $80.00 | $30.9K | 5.2K | 1.0K |
JPM | CALL | SWEEP | BULLISH | 01/19/24 | $165.00 | $33.6K | 26.1K | 708 |
WFC | CALL | SWEEP | BEARISH | 01/17/25 | $50.00 | $41.7K | 14.9K | 323 |
UBS | CALL | SWEEP | BULLISH | 05/17/24 | $30.00 | $27.4K | 1.7K | 235 |
RILY | PUT | SWEEP | BEARISH | 12/22/23 | $22.50 | $30.0K | 904 | 211 |
EWBC | PUT | TRADE | BEARISH | 01/19/24 | $70.00 | $26.0K | 237 | 200 |
AFRM | CALL | TRADE | BULLISH | 12/22/23 | $41.00 | $77.2K | 476 | 178 |
TOST | CALL | SWEEP | BEARISH | 01/05/24 | $16.00 | $26.3K | 2.7K | 159 |
FHN | CALL | TRADE | BEARISH | 02/16/24 | $12.00 | $26.4K | 434 | 120 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding COIN COIN, we observe a call option sweep with bullish sentiment. It expires in 3 day(s) on December 22, 2023. Parties traded 65 contract(s) at a $157.50 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 $28.3K, with a price of $438.0 per contract. There were 6747 open contracts at this strike prior to today, and today 3924 contract(s) were bought and sold.
• Regarding PYPL PYPL, we observe a call option trade with bullish sentiment. It expires in 59 day(s) on February 16, 2024. Parties traded 499 contract(s) at a $80.00 strike. The total cost received by the writing party (or parties) was $30.9K, with a price of $62.0 per contract. There were 5274 open contracts at this strike prior to today, and today 1064 contract(s) were bought and sold.
• For JPM JPM, we notice a call option sweep that happens to be bullish, expiring in 31 day(s) on January 19, 2024. This event was a transfer of 70 contract(s) at a $165.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $33.6K, with a price of $480.0 per contract. There were 26179 open contracts at this strike prior to today, and today 708 contract(s) were bought and sold.
• For WFC WFC, we notice a call option sweep that happens to be bearish, expiring in 395 day(s) on January 17, 2025. This event was a transfer of 72 contract(s) at a $50.00 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 $41.7K, with a price of $580.0 per contract. There were 14926 open contracts at this strike prior to today, and today 323 contract(s) were bought and sold.
• Regarding UBS UBS, we observe a call option sweep with bullish sentiment. It expires in 150 day(s) on May 17, 2024. Parties traded 100 contract(s) at a $30.00 strike. This particular call needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $27.4K, with a price of $271.0 per contract. There were 1770 open contracts at this strike prior to today, and today 235 contract(s) were bought and sold.
• Regarding RILY RILY, we observe a put option sweep with bearish sentiment. It expires in 3 day(s) on December 22, 2023. Parties traded 200 contract(s) at a $22.50 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 $30.0K, with a price of $151.0 per contract. There were 904 open contracts at this strike prior to today, and today 211 contract(s) were bought and sold.
• Regarding EWBC EWBC, we observe a put option trade with bearish sentiment. It expires in 31 day(s) on January 19, 2024. Parties traded 200 contract(s) at a $70.00 strike. The total cost received by the writing party (or parties) was $26.0K, with a price of $130.0 per contract. There were 237 open contracts at this strike prior to today, and today 200 contract(s) were bought and sold.
• Regarding AFRM AFRM, we observe a call option trade with bullish sentiment. It expires in 3 day(s) on December 22, 2023. Parties traded 80 contract(s) at a $41.00 strike. The total cost received by the writing party (or parties) was $77.2K, with a price of $966.0 per contract. There were 476 open contracts at this strike prior to today, and today 178 contract(s) were bought and sold.
• Regarding TOST TOST, we observe a call option sweep with bearish sentiment. It expires in 17 day(s) on January 5, 2024. Parties traded 128 contract(s) at a $16.00 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 $26.3K, with a price of $205.0 per contract. There were 2748 open contracts at this strike prior to today, and today 159 contract(s) were bought and sold.
• For FHN FHN, we notice a call option trade that happens to be bearish, expiring in 59 day(s) on February 16, 2024. This event was a transfer of 120 contract(s) at a $12.00 strike. The total cost received by the writing party (or parties) was $26.4K, with a price of $220.0 per contract. There were 434 open contracts at this strike prior to today, and today 120 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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