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 |
---|---|---|---|---|---|---|---|---|
SOFI | PUT | SWEEP | BEARISH | 07/19/24 | $7.00 | $37.2K | 27.6K | 922 |
BAC | PUT | SWEEP | BEARISH | 08/16/24 | $40.00 | $33.6K | 634 | 533 |
C | CALL | SWEEP | BULLISH | 07/19/24 | $65.00 | $82.7K | 18.8K | 411 |
JPM | CALL | SWEEP | NEUTRAL | 07/19/24 | $200.00 | $96.3K | 3.8K | 347 |
AFRM | CALL | SWEEP | BULLISH | 06/21/24 | $32.50 | $43.1K | 3.3K | 325 |
LNC | CALL | SWEEP | BEARISH | 05/17/24 | $27.50 | $53.0K | 1.6K | 238 |
BX | PUT | SWEEP | BEARISH | 01/17/25 | $100.00 | $54.4K | 5.0K | 200 |
GS | CALL | SWEEP | BULLISH | 05/24/24 | $462.50 | $36.2K | 134 | 118 |
COF | PUT | SWEEP | BEARISH | 03/21/25 | $135.00 | $27.5K | 13 | 89 |
COIN | CALL | TRADE | BEARISH | 06/20/25 | $200.00 | $118.8K | 528 | 74 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For SOFI SOFI, we notice a put option sweep that happens to be bearish, expiring in 64 day(s) on July 19, 2024. This event was a transfer of 825 contract(s) at a $7.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $37.2K, with a price of $45.0 per contract. There were 27691 open contracts at this strike prior to today, and today 922 contract(s) were bought and sold.
• Regarding BAC BAC, we observe a put option sweep with bearish sentiment. It expires in 92 day(s) on August 16, 2024. Parties traded 170 contract(s) at a $40.00 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 $33.6K, with a price of $198.0 per contract. There were 634 open contracts at this strike prior to today, and today 533 contract(s) were bought and sold.
• For C C, we notice a call option sweep that happens to be bullish, expiring in 64 day(s) on July 19, 2024. This event was a transfer of 332 contract(s) at a $65.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $82.7K, with a price of $249.0 per contract. There were 18822 open contracts at this strike prior to today, and today 411 contract(s) were bought and sold.
• Regarding JPM JPM, we observe a call option sweep with neutral sentiment. It expires in 64 day(s) on July 19, 2024. Parties traded 107 contract(s) at a $200.00 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 $96.3K, with a price of $903.0 per contract. There were 3858 open contracts at this strike prior to today, and today 347 contract(s) were bought and sold.
• Regarding AFRM AFRM, we observe a call option sweep with bullish sentiment. It expires in 36 day(s) on June 21, 2024. Parties traded 200 contract(s) at a $32.50 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $43.1K, with a price of $216.0 per contract. There were 3337 open contracts at this strike prior to today, and today 325 contract(s) were bought and sold.
• For LNC LNC, we notice a call option sweep that happens to be bearish, expiring in 1 day(s) on May 17, 2024. This event was a transfer of 200 contract(s) at a $27.50 strike. This particular call needed to be split into 39 different trades to become filled. The total cost received by the writing party (or parties) was $53.0K, with a price of $265.0 per contract. There were 1663 open contracts at this strike prior to today, and today 238 contract(s) were bought and sold.
• Regarding BX BX, we observe a put option sweep with bearish sentiment. It expires in 246 day(s) on January 17, 2025. Parties traded 200 contract(s) at a $100.00 strike. This particular put needed to be split into 38 different trades to become filled. The total cost received by the writing party (or parties) was $54.4K, with a price of $272.0 per contract. There were 5062 open contracts at this strike prior to today, and today 200 contract(s) were bought and sold.
• Regarding GS GS, we observe a call option sweep with bullish sentiment. It expires in 8 day(s) on May 24, 2024. Parties traded 50 contract(s) at a $462.50 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 $36.2K, with a price of $725.0 per contract. There were 134 open contracts at this strike prior to today, and today 118 contract(s) were bought and sold.
• For COF COF, we notice a put option sweep that happens to be bearish, expiring in 309 day(s) on March 21, 2025. This event was a transfer of 29 contract(s) at a $135.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $27.5K, with a price of $950.0 per contract. There were 13 open contracts at this strike prior to today, and today 89 contract(s) were bought and sold.
• Regarding COIN COIN, we observe a call option trade with bearish sentiment. It expires in 400 day(s) on June 20, 2025. Parties traded 18 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $118.8K, with a price of $6600.0 per contract. There were 528 open contracts at this strike prior to today, and today 74 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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