6 Industrials Stocks Whale Activity In Today's Session

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:

Explanation

These bullet-by-bullet explanations have been constructed using the accompanying table.

• For GEV GEV, we notice a put option sweep that happens to be bearish, expiring in 71 day(s) on February 21, 2025. This event was a transfer of 21 contract(s) at a $320.00 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 $38.1K, with a price of $1820.0 per contract. There were 89 open contracts at this strike prior to today, and today 557 contract(s) were bought and sold.

• For BE BE, we notice a put option sweep that happens to be bearish, expiring in 8 day(s) on December 20, 2024. This event was a transfer of 551 contract(s) at a $25.00 strike. This particular put needed to be split into 50 different trades to become filled. The total cost received by the writing party (or parties) was $60.6K, with a price of $110.0 per contract. There were 2612 open contracts at this strike prior to today, and today 554 contract(s) were bought and sold.

• Regarding VRT VRT, we observe a call option sweep with neutral sentiment. It expires in 36 day(s) on January 17, 2025. Parties traded 239 contract(s) at a $130.00 strike. This particular call needed to be split into 26 different trades to become filled. The total cost received by the writing party (or parties) was $143.4K, with a price of $600.0 per contract. There were 3723 open contracts at this strike prior to today, and today 504 contract(s) were bought and sold.

• For LMT LMT, we notice a put option sweep that happens to be bearish, expiring in 8 day(s) on December 20, 2024. This event was a transfer of 157 contract(s) at a $500.00 strike. This particular put needed to be split into 34 different trades to become filled. The total cost received by the writing party (or parties) was $114.6K, with a price of $730.0 per contract. There were 840 open contracts at this strike prior to today, and today 427 contract(s) were bought and sold.

• For RKLB RKLB, we notice a call option trade that happens to be neutral, expiring in 736 day(s) on December 18, 2026. This event was a transfer of 50 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $41.5K, with a price of $830.0 per contract. There were 1157 open contracts at this strike prior to today, and today 275 contract(s) were bought and sold.

• Regarding ALK ALK, we observe a put option sweep with bullish sentiment. It expires in 36 day(s) on January 17, 2025. Parties traded 174 contract(s) at a $65.00 strike. This particular put needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $45.2K, with a price of $260.0 per contract. There were 39 open contracts at this strike prior to today, and today 249 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.