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 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 Industrials sector:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CAT | CALL | SWEEP | BEARISH | 02/16/24 | $315.00 | $41.2K | 138 | 1.0K |
| BE | CALL | SWEEP | BULLISH | 02/16/24 | $12.00 | $35.1K | 3.6K | 502 |
| UBER | PUT | TRADE | NEUTRAL | 06/18/26 | $55.00 | $310.8K | 0 | 400 |
| AAL | CALL | SWEEP | NEUTRAL | 12/19/25 | $20.00 | $45.8K | 2.2K | 285 |
| CPRT | CALL | SWEEP | BULLISH | 05/17/24 | $55.00 | $26.7K | 2.3K | 267 |
| SYM | CALL | TRADE | BEARISH | 03/15/24 | $55.00 | $96.7K | 203 | 208 |
| BA | CALL | SWEEP | BEARISH | 01/17/25 | $65.00 | $43.7K | 384 | 184 |
| HTZ | CALL | SWEEP | NEUTRAL | 01/17/25 | $7.50 | $25.0K | 1.9K | 100 |
| VRT | CALL | TRADE | NEUTRAL | 02/16/24 | $55.00 | $36.0K | 2.6K | 77 |
| DE | PUT | SWEEP | BULLISH | 06/21/24 | $380.00 | $100.2K | 417 | 72 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For CAT CAT, we notice a call option sweep that happens to be bearish, expiring in 14 day(s) on February 16, 2024. This event was a transfer of 50 contract(s) at a $315.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $41.2K, with a price of $825.0 per contract. There were 138 open contracts at this strike prior to today, and today 1013 contract(s) were bought and sold.
• Regarding BE BE, we observe a call option sweep with bullish sentiment. It expires in 14 day(s) on February 16, 2024. Parties traded 501 contract(s) at a $12.00 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 $35.1K, with a price of $70.0 per contract. There were 3696 open contracts at this strike prior to today, and today 502 contract(s) were bought and sold.
• Regarding UBER UBER, we observe a put option trade with neutral sentiment. It expires in 867 day(s) on June 18, 2026. Parties traded 400 contract(s) at a $55.00 strike. The total cost received by the writing party (or parties) was $310.8K, with a price of $777.0 per contract. There were 0 open contracts at this strike prior to today, and today 400 contract(s) were bought and sold.
• For AAL AAL, we notice a call option sweep that happens to be neutral, expiring in 686 day(s) on December 19, 2025. This event was a transfer of 285 contract(s) at a $20.00 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 $45.8K, with a price of $161.0 per contract. There were 2236 open contracts at this strike prior to today, and today 285 contract(s) were bought and sold.
• Regarding CPRT CPRT, we observe a call option sweep with bullish sentiment. It expires in 105 day(s) on May 17, 2024. Parties traded 267 contract(s) at a $55.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $26.7K, with a price of $100.0 per contract. There were 2350 open contracts at this strike prior to today, and today 267 contract(s) were bought and sold.
• For SYM SYM, we notice a call option trade that happens to be bearish, expiring in 42 day(s) on March 15, 2024. This event was a transfer of 186 contract(s) at a $55.00 strike. The total cost received by the writing party (or parties) was $96.7K, with a price of $520.0 per contract. There were 203 open contracts at this strike prior to today, and today 208 contract(s) were bought and sold.
• Regarding BA BA, we observe a call option sweep with bearish sentiment. It expires in 350 day(s) on January 17, 2025. Parties traded 3 contract(s) at a $65.00 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 $43.7K, with a price of $14575.0 per contract. There were 384 open contracts at this strike prior to today, and today 184 contract(s) were bought and sold.
• For HTZ HTZ, we notice a call option sweep that happens to be neutral, expiring in 350 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $7.50 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 $25.0K, with a price of $251.0 per contract. There were 1955 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold.
• For VRT VRT, we notice a call option trade that happens to be neutral, expiring in 14 day(s) on February 16, 2024. This event was a transfer of 50 contract(s) at a $55.00 strike. The total cost received by the writing party (or parties) was $36.0K, with a price of $720.0 per contract. There were 2616 open contracts at this strike prior to today, and today 77 contract(s) were bought and sold.
• Regarding DE DE, we observe a put option sweep with bullish sentiment. It expires in 140 day(s) on June 21, 2024. Parties traded 60 contract(s) at a $380.00 strike. This particular put needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $100.2K, with a price of $1670.0 per contract. There were 417 open contracts at this strike prior to today, and today 72 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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