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 will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated 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 |
---|---|---|---|---|---|---|---|---|
LUV | CALL | SWEEP | BULLISH | 01/26/24 | $30.50 | $58.5K | 624 | 2.0K |
AAL | CALL | SWEEP | BULLISH | 06/20/25 | $17.00 | $49.0K | 4.8K | 965 |
ENVX | PUT | SWEEP | BEARISH | 01/17/25 | $12.50 | $93.4K | 8.6K | 654 |
SAVE | PUT | SWEEP | BEARISH | 06/18/26 | $5.00 | $60.0K | 29.3K | 621 |
UAL | CALL | TRADE | BULLISH | 01/26/24 | $35.50 | $199.5K | 318 | 300 |
DAL | CALL | SWEEP | BEARISH | 03/15/24 | $38.00 | $28.1K | 12.1K | 277 |
DE | CALL | SWEEP | NEUTRAL | 02/16/24 | $390.00 | $127.8K | 957 | 214 |
BA | PUT | SWEEP | BEARISH | 05/17/24 | $185.00 | $31.6K | 700 | 151 |
GD | CALL | TRADE | BULLISH | 02/16/24 | $265.00 | $25.2K | 98 | 137 |
UBER | CALL | SWEEP | BEARISH | 01/17/25 | $67.50 | $27.5K | 759 | 28 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding LUV LUV, we observe a call option sweep with bullish sentiment. It expires in 1 day(s) on January 26, 2024. Parties traded 930 contract(s) at a $30.50 strike. This particular call needed to be split into 43 different trades to become filled. The total cost received by the writing party (or parties) was $58.5K, with a price of $63.0 per contract. There were 624 open contracts at this strike prior to today, and today 2027 contract(s) were bought and sold.
• Regarding AAL AAL, we observe a call option sweep with bullish sentiment. It expires in 512 day(s) on June 20, 2025. Parties traded 200 contract(s) at a $17.00 strike. This particular call needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $49.0K, with a price of $245.0 per contract. There were 4888 open contracts at this strike prior to today, and today 965 contract(s) were bought and sold.
• For ENVX ENVX, we notice a put option sweep that happens to be bearish, expiring in 358 day(s) on January 17, 2025. This event was a transfer of 201 contract(s) at a $12.50 strike. This particular put needed to be split into 47 different trades to become filled. The total cost received by the writing party (or parties) was $93.4K, with a price of $465.0 per contract. There were 8617 open contracts at this strike prior to today, and today 654 contract(s) were bought and sold.
• For SAVE SAVE, we notice a put option sweep that happens to be bearish, expiring in 875 day(s) on June 18, 2026. This event was a transfer of 200 contract(s) at a $5.00 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 $60.0K, with a price of $300.0 per contract. There were 29312 open contracts at this strike prior to today, and today 621 contract(s) were bought and sold.
• Regarding UAL UAL, we observe a call option trade with bullish sentiment. It expires in 1 day(s) on January 26, 2024. Parties traded 300 contract(s) at a $35.50 strike. The total cost received by the writing party (or parties) was $199.5K, with a price of $665.0 per contract. There were 318 open contracts at this strike prior to today, and today 300 contract(s) were bought and sold.
• For DAL DAL, we notice a call option sweep that happens to be bearish, expiring in 50 day(s) on March 15, 2024. This event was a transfer of 100 contract(s) at a $38.00 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 $28.1K, with a price of $281.0 per contract. There were 12153 open contracts at this strike prior to today, and today 277 contract(s) were bought and sold.
• For DE DE, we notice a call option sweep that happens to be neutral, expiring in 22 day(s) on February 16, 2024. This event was a transfer of 100 contract(s) at a $390.00 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 $127.8K, with a price of $1278.0 per contract. There were 957 open contracts at this strike prior to today, and today 214 contract(s) were bought and sold.
• For BA BA, we notice a put option sweep that happens to be bearish, expiring in 113 day(s) on May 17, 2024. This event was a transfer of 43 contract(s) at a $185.00 strike. This particular put needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $31.6K, with a price of $735.0 per contract. There were 700 open contracts at this strike prior to today, and today 151 contract(s) were bought and sold.
• Regarding GD GD, we observe a call option trade with bullish sentiment. It expires in 22 day(s) on February 16, 2024. Parties traded 60 contract(s) at a $265.00 strike. The total cost received by the writing party (or parties) was $25.2K, with a price of $420.0 per contract. There were 98 open contracts at this strike prior to today, and today 137 contract(s) were bought and sold.
• Regarding UBER UBER, we observe a call option sweep with bearish sentiment. It expires in 358 day(s) on January 17, 2025. Parties traded 26 contract(s) at a $67.50 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 $27.5K, with a price of $1060.0 per contract. There were 759 open contracts at this strike prior to today, and today 28 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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