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 Financials sector:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TOST | CALL | SWEEP | BULLISH | 11/15/24 | $36.00 | $55.2K | 83 | 3.7K |
| JPM | PUT | TRADE | BULLISH | 11/08/24 | $240.00 | $29.0K | 2.9K | 3.5K |
| AFRM | CALL | SWEEP | BEARISH | 11/08/24 | $60.00 | $25.2K | 1.0K | 2.3K |
| UPST | PUT | SWEEP | BULLISH | 11/15/24 | $50.00 | $52.3K | 1.7K | 2.3K |
| BAC | CALL | SWEEP | BEARISH | 11/08/24 | $44.00 | $155.6K | 7.0K | 2.2K |
| PYPL | CALL | SWEEP | BEARISH | 01/17/25 | $85.00 | $194.9K | 12.0K | 1.6K |
| FUTU | CALL | TRADE | BEARISH | 12/20/24 | $130.00 | $263.0K | 782 | 1.3K |
| COIN | CALL | SWEEP | BEARISH | 11/29/24 | $270.00 | $58.8K | 1.4K | 688 |
| FHN | PUT | TRADE | NEUTRAL | 02/21/25 | $21.00 | $28.4K | 0 | 154 |
| AXP | CALL | SWEEP | BULLISH | 09/19/25 | $390.00 | $28.1K | 52 | 152 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding TOST (NYSE:TOST), we observe a call option sweep with bullish sentiment. It expires in 8 day(s) on November 15, 2024. Parties traded 670 contract(s) at a $36.00 strike. This particular call needed to be split into 55 different trades to become filled. The total cost received by the writing party (or parties) was $55.2K, with a price of $83.0 per contract. There were 83 open contracts at this strike prior to today, and today 3735 contract(s) were bought and sold.
• Regarding JPM (NYSE:JPM), we observe a put option trade with bullish sentiment. It expires in 1 day(s) on November 8, 2024. Parties traded 100 contract(s) at a $240.00 strike. The total cost received by the writing party (or parties) was $29.0K, with a price of $290.0 per contract. There were 2990 open contracts at this strike prior to today, and today 3504 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.
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