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 |
---|---|---|---|---|---|---|---|---|
GE | CALL | SWEEP | BULLISH | 04/19/24 | $155.00 | $44.0K | 3.0K | 1.1K |
BLDR | PUT | SWEEP | BEARISH | 05/17/24 | $180.00 | $49.9K | 223 | 162 |
BA | CALL | TRADE | BEARISH | 08/16/24 | $200.00 | $32.9K | 1.2K | 159 |
ZIM | PUT | SWEEP | BULLISH | 05/17/24 | $10.00 | $79.1K | 4.3K | 152 |
NXT | PUT | SWEEP | BEARISH | 05/17/24 | $55.00 | $117.4K | 1.1K | 116 |
PH | PUT | TRADE | BEARISH | 05/17/24 | $550.00 | $36.4K | 65 | 60 |
GD | PUT | SWEEP | BEARISH | 08/16/24 | $280.00 | $33.2K | 61 | 28 |
EMR | CALL | TRADE | BULLISH | 06/21/24 | $110.00 | $26.0K | 4.0K | 24 |
SPWR | PUT | TRADE | BEARISH | 01/17/25 | $40.00 | $37.7K | 1 | 10 |
URI | CALL | TRADE | BEARISH | 05/10/24 | $500.00 | $80.0K | 0 | 5 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For GE GE, we notice a call option sweep that happens to be bullish, expiring in 3 day(s) on April 19, 2024. This event was a transfer of 200 contract(s) at a $155.00 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 $44.0K, with a price of $220.0 per contract. There were 3064 open contracts at this strike prior to today, and today 1107 contract(s) were bought and sold.
• Regarding BLDR BLDR, we observe a put option sweep with bearish sentiment. It expires in 31 day(s) on May 17, 2024. Parties traded 51 contract(s) at a $180.00 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 $49.9K, with a price of $960.0 per contract. There were 223 open contracts at this strike prior to today, and today 162 contract(s) were bought and sold.
• Regarding BA BA, we observe a call option trade with bearish sentiment. It expires in 122 day(s) on August 16, 2024. Parties traded 70 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $32.9K, with a price of $470.0 per contract. There were 1276 open contracts at this strike prior to today, and today 159 contract(s) were bought and sold.
• Regarding ZIM ZIM, we observe a put option sweep with bullish sentiment. It expires in 31 day(s) on May 17, 2024. Parties traded 878 contract(s) at a $10.00 strike. This particular put needed to be split into 30 different trades to become filled. The total cost received by the writing party (or parties) was $79.1K, with a price of $90.0 per contract. There were 4301 open contracts at this strike prior to today, and today 152 contract(s) were bought and sold.
• Regarding NXT NXT, we observe a put option sweep with bearish sentiment. It expires in 31 day(s) on May 17, 2024. Parties traded 100 contract(s) at a $55.00 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 $117.4K, with a price of $1177.0 per contract. There were 1127 open contracts at this strike prior to today, and today 116 contract(s) were bought and sold.
• For PH PH, we notice a put option trade that happens to be bearish, expiring in 31 day(s) on May 17, 2024. This event was a transfer of 16 contract(s) at a $550.00 strike. The total cost received by the writing party (or parties) was $36.4K, with a price of $2280.0 per contract. There were 65 open contracts at this strike prior to today, and today 60 contract(s) were bought and sold.
• For GD GD, we notice a put option sweep that happens to be bearish, expiring in 122 day(s) on August 16, 2024. This event was a transfer of 32 contract(s) at a $280.00 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 $33.2K, with a price of $1040.0 per contract. There were 61 open contracts at this strike prior to today, and today 28 contract(s) were bought and sold.
• For EMR EMR, we notice a call option trade that happens to be bullish, expiring in 66 day(s) on June 21, 2024. This event was a transfer of 50 contract(s) at a $110.00 strike. The total cost received by the writing party (or parties) was $26.0K, with a price of $520.0 per contract. There were 4071 open contracts at this strike prior to today, and today 24 contract(s) were bought and sold.
• For SPWR SPWR, we notice a put option trade that happens to be bearish, expiring in 276 day(s) on January 17, 2025. This event was a transfer of 10 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $37.7K, with a price of $3770.0 per contract. There were 1 open contracts at this strike prior to today, and today 10 contract(s) were bought and sold.
• For URI URI, we notice a call option trade that happens to be bearish, expiring in 24 day(s) on May 10, 2024. This event was a transfer of 5 contract(s) at a $500.00 strike. The total cost received by the writing party (or parties) was $80.0K, with a price of $16000.0 per contract. There were 0 open contracts at this strike prior to today, and today 5 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.
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