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.
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 |
|---|---|---|---|---|---|---|---|---|
| CS | PUT | SWEEP | BEARISH | 04/21/23 | $1.50 | $60.0K | 295 | 60.8K |
| PACW | CALL | SWEEP | BULLISH | 04/21/23 | $11.00 | $95.5K | 188 | 6.8K |
| C | CALL | SWEEP | BEARISH | 06/16/23 | $52.50 | $27.5K | 32.3K | 4.7K |
| BAC | CALL | TRADE | BEARISH | 05/19/23 | $29.00 | $35.2K | 2.0K | 3.8K |
| COIN | PUT | TRADE | BULLISH | 03/17/23 | $65.00 | $35.1K | 4.3K | 3.4K |
| JPM | CALL | SWEEP | BEARISH | 06/16/23 | $140.00 | $36.2K | 8.2K | 3.2K |
| MET | PUT | TRADE | BEARISH | 03/17/23 | $57.50 | $246.4K | 1.6K | 1.3K |
| WFC | CALL | TRADE | BULLISH | 09/15/23 | $45.00 | $25.7K | 4.1K | 1.0K |
| SCHW | PUT | TRADE | BEARISH | 04/21/23 | $60.00 | $122.1K | 3.0K | 1.0K |
| KEY | CALL | SWEEP | BEARISH | 03/17/23 | $11.00 | $40.2K | 389 | 661 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding CS (NYSE:CS), we observe a put option sweep with bearish sentiment. It expires in 37 day(s) on April 21, 2023. Parties traded 1201 contract(s) at a $1.50 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $60.0K, with a price of $50.0 per contract. There were 295 open contracts at this strike prior to today, and today 60803 contract(s) were bought and sold.
• Regarding PACW (NASDAQ:PACW), we observe a call option sweep with bullish sentiment. It expires in 37 day(s) on April 21, 2023. Parties traded 335 contract(s) at a $11.00 strike. This particular call needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $95.5K, with a price of $285.0 per contract. There were 188 open contracts at this strike prior to today, and today 6859 contract(s) were bought and sold.
• For C (NYSE:C), we notice a call option sweep that happens to be bearish, expiring in 93 day(s) on June 16, 2023. This event was a transfer of 303 contract(s) at a $52.50 strike. This particular call needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $27.5K, with a price of $91.0 per contract. There were 32334 open contracts at this strike prior to today, and today 4792 contract(s) were bought and sold.
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• For BAC (NYSE:BAC), we notice a call option trade that happens to be bearish, expiring in 65 day(s) on May 19, 2023. This event was a transfer of 200 contract(s) at a $29.00 strike. The total cost received by the writing party (or parties) was $35.2K, with a price of $176.0 per contract. There were 2003 open contracts at this strike prior to today, and today 3877 contract(s) were bought and sold.
• Regarding COIN (NASDAQ:COIN), we observe a put option trade with bullish sentiment. It expires in 2 day(s) on March 17, 2023. Parties traded 90 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $35.1K, with a price of $390.0 per contract. There were 4350 open contracts at this strike prior to today, and today 3466 contract(s) were bought and sold.
• For JPM (NYSE:JPM), we notice a call option sweep that happens to be bearish, expiring in 93 day(s) on June 16, 2023. This event was a transfer of 98 contract(s) at a $140.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $36.2K, with a price of $370.0 per contract. There were 8239 open contracts at this strike prior to today, and today 3264 contract(s) were bought and sold.
• For MET (NYSE:MET), we notice a put option trade that happens to be bearish, expiring in 2 day(s) on March 17, 2023. This event was a transfer of 1053 contract(s) at a $57.50 strike. The total cost received by the writing party (or parties) was $246.4K, with a price of $234.0 per contract. There were 1601 open contracts at this strike prior to today, and today 1358 contract(s) were bought and sold.
• Regarding WFC (NYSE:WFC), we observe a call option trade with bullish sentiment. It expires in 184 day(s) on September 15, 2023. Parties traded 148 contract(s) at a $45.00 strike. The total cost received by the writing party (or parties) was $25.7K, with a price of $174.0 per contract. There were 4135 open contracts at this strike prior to today, and today 1013 contract(s) were bought and sold.
• For SCHW (NYSE:SCHW), we notice a put option trade that happens to be bearish, expiring in 37 day(s) on April 21, 2023. This event was a transfer of 190 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $122.1K, with a price of $643.0 per contract. There were 3029 open contracts at this strike prior to today, and today 1013 contract(s) were bought and sold.
• For KEY (NYSE:KEY), we notice a call option sweep that happens to be bearish, expiring in 2 day(s) on March 17, 2023. This event was a transfer of 500 contract(s) at a $11.00 strike. This particular call needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $40.2K, with a price of $81.0 per contract. There were 389 open contracts at this strike prior to today, and today 661 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.
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.