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.
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 | PUT | TRADE | BEARISH | 10/25/24 | $190.00 | $42.2K | 3.3K | 6.9K |
GS | PUT | SWEEP | BEARISH | 03/21/25 | $490.00 | $49.3K | 259 | 1.0K |
YRD | CALL | SWEEP | BEARISH | 11/15/24 | $5.00 | $47.7K | 893 | 555 |
LC | CALL | SWEEP | BULLISH | 12/20/24 | $12.00 | $31.0K | 9 | 198 |
STWD | PUT | SWEEP | BULLISH | 01/16/26 | $20.00 | $38.2K | 1.2K | 150 |
SCHW | CALL | TRADE | BULLISH | 09/19/25 | $77.50 | $26.1K | 96 | 138 |
JPM | CALL | TRADE | BEARISH | 02/21/25 | $230.00 | $47.1K | 1.0K | 115 |
HOOD | CALL | SWEEP | BULLISH | 08/15/25 | $27.00 | $60.1K | 0 | 101 |
ERIE | PUT | TRADE | BULLISH | 12/20/24 | $410.00 | $30.4K | 2 | 40 |
GPN | PUT | TRADE | BEARISH | 09/19/25 | $110.00 | $41.7K | 11 | 26 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For COIN COIN, we notice a put option trade that happens to be bearish, expiring in 2 day(s) on October 25, 2024. This event was a transfer of 200 contract(s) at a $190.00 strike. The total cost received by the writing party (or parties) was $42.2K, with a price of $211.0 per contract. There were 3391 open contracts at this strike prior to today, and today 6927 contract(s) were bought and sold.
• Regarding GS GS, we observe a put option sweep with bearish sentiment. It expires in 149 day(s) on March 21, 2025. Parties traded 25 contract(s) at a $490.00 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 $49.3K, with a price of $1975.0 per contract. There were 259 open contracts at this strike prior to today, and today 1004 contract(s) were bought and sold.
• Regarding YRD YRD, we observe a call option sweep with bearish sentiment. It expires in 23 day(s) on November 15, 2024. Parties traded 455 contract(s) at a $5.00 strike. This particular call needed to be split into 34 different trades to become filled. The total cost received by the writing party (or parties) was $47.7K, with a price of $105.0 per contract. There were 893 open contracts at this strike prior to today, and today 555 contract(s) were bought and sold.
• For LC LC, we notice a call option sweep that happens to be bullish, expiring in 58 day(s) on December 20, 2024. This event was a transfer of 188 contract(s) at a $12.00 strike. This particular call needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $31.0K, with a price of $165.0 per contract. There were 9 open contracts at this strike prior to today, and today 198 contract(s) were bought and sold.
• For STWD STWD, we notice a put option sweep that happens to be bullish, expiring in 450 day(s) on January 16, 2026. This event was a transfer of 150 contract(s) at a $20.00 strike. This particular put needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $38.2K, with a price of $255.0 per contract. There were 1221 open contracts at this strike prior to today, and today 150 contract(s) were bought and sold.
• Regarding SCHW SCHW, we observe a call option trade with bullish sentiment. It expires in 331 day(s) on September 19, 2025. Parties traded 48 contract(s) at a $77.50 strike. The total cost received by the writing party (or parties) was $26.1K, with a price of $545.0 per contract. There were 96 open contracts at this strike prior to today, and today 138 contract(s) were bought and sold.
• Regarding JPM JPM, we observe a call option trade with bearish sentiment. It expires in 121 day(s) on February 21, 2025. Parties traded 50 contract(s) at a $230.00 strike. The total cost received by the writing party (or parties) was $47.1K, with a price of $943.0 per contract. There were 1081 open contracts at this strike prior to today, and today 115 contract(s) were bought and sold.
• Regarding HOOD HOOD, we observe a call option sweep with bullish sentiment. It expires in 296 day(s) on August 15, 2025. Parties traded 101 contract(s) at a $27.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $60.1K, with a price of $595.0 per contract. There were 0 open contracts at this strike prior to today, and today 101 contract(s) were bought and sold.
• Regarding ERIE ERIE, we observe a put option trade with bullish sentiment. It expires in 58 day(s) on December 20, 2024. Parties traded 40 contract(s) at a $410.00 strike. The total cost received by the writing party (or parties) was $30.4K, with a price of $760.0 per contract. There were 2 open contracts at this strike prior to today, and today 40 contract(s) were bought and sold.
• Regarding GPN GPN, we observe a put option trade with bearish sentiment. It expires in 331 day(s) on September 19, 2025. Parties traded 25 contract(s) at a $110.00 strike. The total cost received by the writing party (or parties) was $41.7K, with a price of $1670.0 per contract. There were 11 open contracts at this strike prior to today, and today 26 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.