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 Industrials sector:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|
HUBB | CALL | TRADE | BEARISH | 09/20/24 | $470.00 | $2.1 million | 0 | 1.2K |
RKLB | CALL | TRADE | BEARISH | 01/16/26 | $7.00 | $55.2K | 3.9K | 605 |
DAY | PUT | SWEEP | BULLISH | 04/19/24 | $65.00 | $91.4K | 3.2K | 520 |
UPS | CALL | TRADE | BULLISH | 04/12/24 | $150.00 | $26.0K | 630 | 477 |
UAL | PUT | TRADE | BULLISH | 06/20/25 | $37.00 | $150.0K | 896 | 401 |
LMT | CALL | TRADE | NEUTRAL | 01/17/25 | $200.00 | $1.2 million | 206 | 150 |
NSC | CALL | TRADE | BEARISH | 09/20/24 | $290.00 | $35.4K | 109 | 132 |
ETN | CALL | SWEEP | BULLISH | 06/21/24 | $300.00 | $37.5K | 374 | 85 |
MMM | CALL | SWEEP | BULLISH | 01/17/25 | $100.00 | $30.1K | 32 | 74 |
PCAR | CALL | SWEEP | BULLISH | 01/17/25 | $130.00 | $26.6K | 30 | 28 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding HUBB HUBB, we observe a call option trade with bearish sentiment. It expires in 168 day(s) on September 20, 2024. Parties traded 1258 contract(s) at a $470.00 strike. The total cost received by the writing party (or parties) was $2.1 million, with a price of $1670.0 per contract. There were 0 open contracts at this strike prior to today, and today 1258 contract(s) were bought and sold.
• For RKLB RKLB, we notice a call option trade that happens to be bearish, expiring in 651 day(s) on January 16, 2026. This event was a transfer of 600 contract(s) at a $7.00 strike. The total cost received by the writing party (or parties) was $55.2K, with a price of $92.0 per contract. There were 3956 open contracts at this strike prior to today, and today 605 contract(s) were bought and sold.
• For DAY DAY, we notice a put option sweep that happens to be bullish, expiring in 14 day(s) on April 19, 2024. This event was a transfer of 223 contract(s) at a $65.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $91.4K, with a price of $410.0 per contract. There were 3218 open contracts at this strike prior to today, and today 520 contract(s) were bought and sold.
• For UPS UPS, we notice a call option trade that happens to be bullish, expiring in 7 day(s) on April 12, 2024. This event was a transfer of 100 contract(s) at a $150.00 strike. The total cost received by the writing party (or parties) was $26.0K, with a price of $260.0 per contract. There were 630 open contracts at this strike prior to today, and today 477 contract(s) were bought and sold.
• For UAL UAL, we notice a put option trade that happens to be bullish, expiring in 441 day(s) on June 20, 2025. This event was a transfer of 400 contract(s) at a $37.00 strike. The total cost received by the writing party (or parties) was $150.0K, with a price of $375.0 per contract. There were 896 open contracts at this strike prior to today, and today 401 contract(s) were bought and sold.
• For LMT LMT, we notice a call option trade that happens to be neutral, expiring in 287 day(s) on January 17, 2025. This event was a transfer of 50 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $1.2 million, with a price of $25350.0 per contract. There were 206 open contracts at this strike prior to today, and today 150 contract(s) were bought and sold.
• Regarding NSC NSC, we observe a call option trade with bearish sentiment. It expires in 168 day(s) on September 20, 2024. Parties traded 78 contract(s) at a $290.00 strike. The total cost received by the writing party (or parties) was $35.4K, with a price of $455.0 per contract. There were 109 open contracts at this strike prior to today, and today 132 contract(s) were bought and sold.
• Regarding ETN ETN, we observe a call option sweep with bullish sentiment. It expires in 77 day(s) on June 21, 2024. Parties traded 10 contract(s) at a $300.00 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 $37.5K, with a price of $3750.0 per contract. There were 374 open contracts at this strike prior to today, and today 85 contract(s) were bought and sold.
• Regarding MMM MMM, we observe a call option sweep with bullish sentiment. It expires in 287 day(s) on January 17, 2025. Parties traded 49 contract(s) at a $100.00 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 $30.1K, with a price of $610.0 per contract. There were 32 open contracts at this strike prior to today, and today 74 contract(s) were bought and sold.
• Regarding PCAR PCAR, we observe a call option sweep with bullish sentiment. It expires in 287 day(s) on January 17, 2025. Parties traded 28 contract(s) at a $130.00 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 $26.6K, with a price of $950.0 per contract. There were 30 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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