Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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.
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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 Financials sector:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BAC | PUT | SWEEP | BEARISH | 12/16/22 | $33.00 | $91.0K | 15.0K | 11.2K |
| JPM | PUT | SWEEP | BULLISH | 12/16/22 | $130.00 | $27.7K | 15.3K | 4.2K |
| BX | PUT | TRADE | BULLISH | 01/20/23 | $80.00 | $130.0K | 3.7K | 1.2K |
| SI | PUT | SWEEP | NEUTRAL | 02/17/23 | $20.00 | $59.2K | 1.2K | 770 |
| VOYA | PUT | SWEEP | BEARISH | 01/20/23 | $62.50 | $68.8K | 501 | 428 |
| BXMT | PUT | SWEEP | BULLISH | 04/21/23 | $25.00 | $35.0K | 230 | 100 |
| COIN | CALL | SWEEP | NEUTRAL | 01/17/25 | $125.00 | $38.5K | 436 | 64 |
| UPST | PUT | SWEEP | BULLISH | 01/19/24 | $15.00 | $27.4K | 1.7K | 59 |
| AFL | PUT | SWEEP | BEARISH | 01/19/24 | $77.50 | $25.4K | 0 | 13 |
| SIVB | PUT | SWEEP | NEUTRAL | 12/15/23 | $250.00 | $73.8K | 18 | 10 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding BAC (NYSE:BAC), we observe a put option sweep with bearish sentiment. It expires in 10 day(s) on December 16, 2022. Parties traded 1000 contract(s) at a $33.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $91.0K, with a price of $91.0 per contract. There were 15016 open contracts at this strike prior to today, and today 11275 contract(s) were bought and sold.
• Regarding JPM (NYSE:JPM), we observe a put option sweep with bullish sentiment. It expires in 10 day(s) on December 16, 2022. Parties traded 126 contract(s) at a $130.00 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 $27.7K, with a price of $220.0 per contract. There were 15391 open contracts at this strike prior to today, and today 4235 contract(s) were bought and sold.
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• For BX (NYSE:BX), we notice a put option trade that happens to be bullish, expiring in 45 day(s) on January 20, 2023. This event was a transfer of 250 contract(s) at a $80.00 strike. The total cost received by the writing party (or parties) was $130.0K, with a price of $520.0 per contract. There were 3798 open contracts at this strike prior to today, and today 1254 contract(s) were bought and sold.
• Regarding SI (NYSE:SI), we observe a put option sweep with neutral sentiment. It expires in 73 day(s) on February 17, 2023. Parties traded 147 contract(s) at a $20.00 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 $59.2K, with a price of $403.0 per contract. There were 1201 open contracts at this strike prior to today, and today 770 contract(s) were bought and sold.
• Regarding VOYA (NYSE:VOYA), we observe a put option sweep with bearish sentiment. It expires in 45 day(s) on January 20, 2023. Parties traded 293 contract(s) at a $62.50 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 $68.8K, with a price of $235.0 per contract. There were 501 open contracts at this strike prior to today, and today 428 contract(s) were bought and sold.
• For BXMT (NYSE:BXMT), we notice a put option sweep that happens to be bullish, expiring in 136 day(s) on April 21, 2023. This event was a transfer of 100 contract(s) at a $25.00 strike. This particular put needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $35.0K, with a price of $350.0 per contract. There were 230 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold.
• Regarding COIN (NASDAQ:COIN), we observe a call option sweep with neutral sentiment. It expires in 773 day(s) on January 17, 2025. Parties traded 47 contract(s) at a $125.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $38.5K, with a price of $820.0 per contract. There were 436 open contracts at this strike prior to today, and today 64 contract(s) were bought and sold.
• Regarding UPST (NASDAQ:UPST), we observe a put option sweep with bullish sentiment. It expires in 409 day(s) on January 19, 2024. Parties traded 47 contract(s) at a $15.00 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 $27.4K, with a price of $585.0 per contract. There were 1708 open contracts at this strike prior to today, and today 59 contract(s) were bought and sold.
• For AFL (NYSE:AFL), we notice a put option sweep that happens to be bearish, expiring in 409 day(s) on January 19, 2024. This event was a transfer of 26 contract(s) at a $77.50 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 $25.4K, with a price of $980.0 per contract. There were 0 open contracts at this strike prior to today, and today 13 contract(s) were bought and sold.
• For SIVB (NASDAQ:SIVB), we notice a put option sweep that happens to be neutral, expiring in 374 day(s) on December 15, 2023. This event was a transfer of 10 contract(s) at a $250.00 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 $73.8K, with a price of $7376.0 per contract. There were 18 open contracts at this strike prior to today, and today 10 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.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.