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 | CALL | SWEEP | BULLISH | 03/28/24 | $300.00 | $26.0K | 3.4K | 12.5K |
| AGNC | CALL | SWEEP | BULLISH | 06/21/24 | $10.00 | $43.0K | 37.7K | 1.7K |
| PAYS | CALL | SWEEP | BULLISH | 09/20/24 | $2.50 | $47.2K | 591 | 405 |
| TFC | CALL | SWEEP | BEARISH | 07/19/24 | $37.50 | $96.0K | 731 | 377 |
| MS | PUT | TRADE | BEARISH | 12/19/25 | $95.00 | $27.4K | 24 | 120 |
| BAC | CALL | SWEEP | BULLISH | 11/15/24 | $36.00 | $38.0K | 6 | 105 |
| MA | PUT | SWEEP | BEARISH | 06/21/24 | $450.00 | $36.4K | 345 | 93 |
| AXP | PUT | TRADE | BEARISH | 06/21/24 | $210.00 | $26.7K | 753 | 72 |
| CFG | CALL | SWEEP | BULLISH | 01/17/25 | $30.00 | $30.1K | 349 | 40 |
| PGR | CALL | TRADE | BULLISH | 08/16/24 | $170.00 | $50.4K | 678 | 35 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For COIN COIN, we notice a call option sweep that happens to be bullish, expiring in 3 day(s) on March 28, 2024. This event was a transfer of 50 contract(s) at a $300.00 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 $26.0K, with a price of $520.0 per contract. There were 3475 open contracts at this strike prior to today, and today 12510 contract(s) were bought and sold.
• For AGNC AGNC, we notice a call option sweep that happens to be bullish, expiring in 88 day(s) on June 21, 2024. This event was a transfer of 1431 contract(s) at a $10.00 strike. This particular call needed to be split into 37 different trades to become filled. The total cost received by the writing party (or parties) was $43.0K, with a price of $30.0 per contract. There were 37711 open contracts at this strike prior to today, and today 1773 contract(s) were bought and sold.
• For PAYS PAYS, we notice a call option sweep that happens to be bullish, expiring in 179 day(s) on September 20, 2024. This event was a transfer of 400 contract(s) at a $2.50 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 $47.2K, with a price of $118.0 per contract. There were 591 open contracts at this strike prior to today, and today 405 contract(s) were bought and sold.
• Regarding TFC TFC, we observe a call option sweep with bearish sentiment. It expires in 116 day(s) on July 19, 2024. Parties traded 375 contract(s) at a $37.50 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 $96.0K, with a price of $256.0 per contract. There were 731 open contracts at this strike prior to today, and today 377 contract(s) were bought and sold.
• Regarding MS MS, we observe a put option trade with bearish sentiment. It expires in 634 day(s) on December 19, 2025. Parties traded 21 contract(s) at a $95.00 strike. The total cost received by the writing party (or parties) was $27.4K, with a price of $1305.0 per contract. There were 24 open contracts at this strike prior to today, and today 120 contract(s) were bought and sold.
• For BAC BAC, we notice a call option sweep that happens to be bullish, expiring in 235 day(s) on November 15, 2024. This event was a transfer of 100 contract(s) at a $36.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $38.0K, with a price of $380.0 per contract. There were 6 open contracts at this strike prior to today, and today 105 contract(s) were bought and sold.
• For MA MA, we notice a put option sweep that happens to be bearish, expiring in 88 day(s) on June 21, 2024. This event was a transfer of 52 contract(s) at a $450.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $36.4K, with a price of $700.0 per contract. There were 345 open contracts at this strike prior to today, and today 93 contract(s) were bought and sold.
• Regarding AXP AXP, we observe a put option trade with bearish sentiment. It expires in 88 day(s) on June 21, 2024. Parties traded 60 contract(s) at a $210.00 strike. The total cost received by the writing party (or parties) was $26.7K, with a price of $445.0 per contract. There were 753 open contracts at this strike prior to today, and today 72 contract(s) were bought and sold.
• For CFG CFG, we notice a call option sweep that happens to be bullish, expiring in 298 day(s) on January 17, 2025. This event was a transfer of 40 contract(s) at a $30.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $30.1K, with a price of $750.0 per contract. There were 349 open contracts at this strike prior to today, and today 40 contract(s) were bought and sold.
• Regarding PGR PGR, we observe a call option trade with bullish sentiment. It expires in 144 day(s) on August 16, 2024. Parties traded 12 contract(s) at a $170.00 strike. The total cost received by the writing party (or parties) was $50.4K, with a price of $4200.0 per contract. There were 678 open contracts at this strike prior to today, and today 35 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.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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