This unusual options alert can help traders discover the next big trading opportunities. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. Unusual trading activity could push option prices to exaggerated or underestimated levels.
Below are some instances of unusual options activity happening in the Industrials sector:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| GE | PUT | TRADE | BULLISH | 01/15/21 | $6.00 | $83.1K | 55.2K | 17.6K |
| AAL | PUT | SWEEP | BEARISH | 12/18/20 | $12.00 | $31.4K | 10.9K | 3.8K |
| DAL | CALL | SWEEP | BULLISH | 12/18/20 | $38.00 | $112.9K | 7.5K | 3.8K |
| SPCE | CALL | SWEEP | NEUTRAL | 11/20/20 | $25.00 | $41.0K | 11.2K | 2.1K |
| UBER | PUT | TRADE | BEARISH | 01/21/22 | $30.00 | $363.0K | 13.2K | 1.5K |
| UAL | CALL | SWEEP | BEARISH | 01/15/21 | $40.00 | $111.2K | 16.5K | 1.4K |
| SAVE | PUT | TRADE | BEARISH | 12/18/20 | $15.00 | $42.2K | 5.2K | 1.3K |
| UPS | CALL | SWEEP | NEUTRAL | 11/13/20 | $165.00 | $30.8K | 1.1K | 1.2K |
| MMM | PUT | TRADE | BULLISH | 11/13/20 | $167.50 | $105.4K | 1.1K | 1.1K |
| BE | CALL | SWEEP | BULLISH | 02/19/21 | $30.00 | $75.0K | 67 | 1.0K |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For GE GE, we notice a put option trade that happens to be bullish, expiring in 64 day(s) on January 15, 2021. A trader bought 11714 contract(s) at a $6.00 strike. The trader or institution spent $83.1K on this trade with a price of $7.0 per contract. There were 55234 open contracts at this strike prior to today, and today 17638 contract(s) were bought and sold.
• For AAL AAL, we notice a put option sweep that happens to be bearish, expiring in 36 day(s) on December 18, 2020. A trader bought 324 contract(s) at a $12.00 strike. This particular put needed to be split into 15 different trades to become filled. The trader or institution spent $31.4K on this trade with a price of $97.0 per contract. There were 10953 open contracts at this strike prior to today, and today 3842 contract(s) were bought and sold.
• For DAL DAL, we notice a call option sweep that happens to be bullish, expiring in 36 day(s) on December 18, 2020. A trader bought 875 contract(s) at a $38.00 strike. This particular call needed to be split into 3 different trades to become filled. The trader or institution spent $112.9K on this trade with a price of $129.0 per contract. There were 7573 open contracts at this strike prior to today, and today 3821 contract(s) were bought and sold.
• Regarding SPCE SPCE, we observe a call option sweep with neutral sentiment. It expires in 8 day(s) on November 20, 2020. A trader bought 955 contract(s) at a $25.00 strike. This particular call needed to be split into 6 different trades to become filled. The trader or institution spent $41.0K on this trade with a price of $43.0 per contract. There were 11298 open contracts at this strike prior to today, and today 2155 contract(s) were bought and sold.
• Regarding UBER UBER, we observe a put option trade with bearish sentiment. It expires in 435 day(s) on January 21, 2022. A trader bought 1500 contract(s) at a $30.00 strike. This particular put needed to be split into 1 different trades to become filled. The trader or institution spent $363.0K on this trade with a price of $242.0 per contract. There were 13274 open contracts at this strike prior to today, and today 1501 contract(s) were bought and sold.
• For UAL UAL, we notice a call option sweep that happens to be bearish, expiring in 64 day(s) on January 15, 2021. A trader bought 332 contract(s) at a $40.00 strike. This particular call needed to be split into 30 different trades to become filled. The trader or institution spent $111.2K on this trade with a price of $335.0 per contract. There were 16500 open contracts at this strike prior to today, and today 1454 contract(s) were bought and sold.
• For SAVE SAVE, we notice a put option trade that happens to be bearish, expiring in 36 day(s) on December 18, 2020. A trader bought 937 contract(s) at a $15.00 strike. This particular put needed to be split into 1 different trades to become filled. The trader or institution spent $42.2K on this trade with a price of $45.0 per contract. There were 5245 open contracts at this strike prior to today, and today 1375 contract(s) were bought and sold.
• For UPS UPS, we notice a call option sweep that happens to be neutral, expiring in 1 day(s) on November 13, 2020. A trader bought 498 contract(s) at a $165.00 strike. This particular call needed to be split into 5 different trades to become filled. The trader or institution spent $30.8K on this trade with a price of $62.0 per contract. There were 1131 open contracts at this strike prior to today, and today 1236 contract(s) were bought and sold.
• For MMM MMM, we notice a put option trade that happens to be bullish, expiring in 1 day(s) on November 13, 2020. A trader bought 894 contract(s) at a $167.50 strike. This particular put needed to be split into 1 different trades to become filled. The trader or institution spent $105.4K on this trade with a price of $118.0 per contract. There were 1182 open contracts at this strike prior to today, and today 1117 contract(s) were bought and sold.
• Regarding BE BE, we observe a call option sweep with bullish sentiment. It expires in 99 day(s) on February 19, 2021. A trader bought 1000 contract(s) at a $30.00 strike. This particular call needed to be split into 36 different trades to become filled. The trader or institution spent $75.0K on this trade with a price of $75.0 per contract. There were 67 open contracts at this strike prior to today, and today 1005 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.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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