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 |
|---|---|---|---|---|---|---|---|---|
| SOFI | CALL | SWEEP | BULLISH | 01/17/25 | $8.00 | $86.1K | 35.6K | 2.9K |
| SCHW | CALL | SWEEP | BEARISH | 10/18/24 | $69.00 | $75.7K | 19 | 1.0K |
| COF | PUT | TRADE | BEARISH | 11/15/24 | $140.00 | $156.0K | 540 | 408 |
| MA | PUT | TRADE | BEARISH | 11/15/24 | $500.00 | $49.5K | 355 | 345 |
| BX | CALL | SWEEP | BULLISH | 03/21/25 | $170.00 | $64.0K | 384 | 326 |
| FUTU | CALL | SWEEP | BEARISH | 01/17/25 | $85.00 | $69.1K | 1.2K | 259 |
| BAC | PUT | TRADE | BULLISH | 01/16/26 | $37.00 | $31.0K | 37.2K | 200 |
| EG | PUT | SWEEP | BEARISH | 11/15/24 | $370.00 | $35.0K | 1 | 150 |
| RKT | PUT | SWEEP | BEARISH | 12/20/24 | $19.00 | $25.2K | 607 | 144 |
| AXP | CALL | TRADE | BULLISH | 01/16/26 | $240.00 | $25.6K | 7.6K | 105 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For SOFI (NASDAQ:SOFI), we notice a call option sweep that happens to be bullish, expiring in 115 day(s) on January 17, 2025. This event was a transfer of 1000 contract(s) at a $8.00 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 $86.1K, with a price of $86.0 per contract. There were 35685 open contracts at this strike prior to today, and today 2907 contract(s) were bought and sold.
• Regarding SCHW (NYSE:SCHW), we observe a call option sweep with bearish sentiment. It expires in 24 day(s) on October 18, 2024. Parties traded 1065 contract(s) at a $69.00 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 $75.7K, with a price of $71.0 per contract. There were 19 open contracts at this strike prior to today, and today 1067 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.
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