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.
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 |
---|---|---|---|---|---|---|---|---|
GS | CALL | SWEEP | BULLISH | 04/19/24 | $370.00 | $107.1K | 1.8K | 1.8K |
NU | PUT | SWEEP | BULLISH | 05/17/24 | $10.00 | $46.9K | 2.6K | 1.8K |
IBKR | PUT | SWEEP | BEARISH | 05/17/24 | $105.00 | $60.0K | 117 | 829 |
GL | CALL | TRADE | BULLISH | 05/17/24 | $65.00 | $27.2K | 1.1K | 591 |
COIN | CALL | TRADE | BULLISH | 06/20/25 | $210.00 | $25.3K | 369 | 433 |
C | PUT | SWEEP | BULLISH | 06/21/24 | $55.00 | $27.3K | 27.3K | 418 |
AXP | CALL | SWEEP | BULLISH | 06/21/24 | $220.00 | $27.1K | 1.0K | 270 |
UBS | PUT | SWEEP | BULLISH | 01/17/25 | $25.00 | $26.2K | 1.5K | 245 |
SQ | CALL | SWEEP | BEARISH | 05/17/24 | $85.00 | $75.7K | 10.9K | 124 |
WAL | CALL | TRADE | BEARISH | 01/17/25 | $60.00 | $38.6K | 228 | 89 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For GS GS, we notice a call option sweep that happens to be bullish, expiring in 1 day(s) on April 19, 2024. This event was a transfer of 32 contract(s) at a $370.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $107.1K, with a price of $3350.0 per contract. There were 1828 open contracts at this strike prior to today, and today 1835 contract(s) were bought and sold.
• For NU NU, we notice a put option sweep that happens to be bullish, expiring in 29 day(s) on May 17, 2024. This event was a transfer of 1807 contract(s) at a $10.00 strike. This particular put needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $46.9K, with a price of $26.0 per contract. There were 2649 open contracts at this strike prior to today, and today 1820 contract(s) were bought and sold.
• Regarding IBKR IBKR, we observe a put option sweep with bearish sentiment. It expires in 29 day(s) on May 17, 2024. Parties traded 500 contract(s) at a $105.00 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 $60.0K, with a price of $120.0 per contract. There were 117 open contracts at this strike prior to today, and today 829 contract(s) were bought and sold.
• For GL GL, we notice a call option trade that happens to be bullish, expiring in 29 day(s) on May 17, 2024. This event was a transfer of 47 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $27.2K, with a price of $580.0 per contract. There were 1184 open contracts at this strike prior to today, and today 591 contract(s) were bought and sold.
• For COIN COIN, we notice a call option trade that happens to be bullish, expiring in 428 day(s) on June 20, 2025. This event was a transfer of 3 contract(s) at a $210.00 strike. The total cost received by the writing party (or parties) was $25.3K, with a price of $8450.0 per contract. There were 369 open contracts at this strike prior to today, and today 433 contract(s) were bought and sold.
• Regarding C C, we observe a put option sweep with bullish sentiment. It expires in 64 day(s) on June 21, 2024. Parties traded 242 contract(s) at a $55.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $27.3K, with a price of $113.0 per contract. There were 27356 open contracts at this strike prior to today, and today 418 contract(s) were bought and sold.
• For AXP AXP, we notice a call option sweep that happens to be bullish, expiring in 64 day(s) on June 21, 2024. This event was a transfer of 25 contract(s) at a $220.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $27.1K, with a price of $1085.0 per contract. There were 1025 open contracts at this strike prior to today, and today 270 contract(s) were bought and sold.
• Regarding UBS UBS, we observe a put option sweep with bullish sentiment. It expires in 274 day(s) on January 17, 2025. Parties traded 200 contract(s) at a $25.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $26.2K, with a price of $131.0 per contract. There were 1514 open contracts at this strike prior to today, and today 245 contract(s) were bought and sold.
• Regarding SQ SQ, we observe a call option sweep with bearish sentiment. It expires in 29 day(s) on May 17, 2024. Parties traded 473 contract(s) at a $85.00 strike. This particular call needed to be split into 33 different trades to become filled. The total cost received by the writing party (or parties) was $75.7K, with a price of $160.0 per contract. There were 10994 open contracts at this strike prior to today, and today 124 contract(s) were bought and sold.
• For WAL WAL, we notice a call option trade that happens to be bearish, expiring in 274 day(s) on January 17, 2025. This event was a transfer of 49 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $38.6K, with a price of $788.0 per contract. There were 228 open contracts at this strike prior to today, and today 89 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.
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