This unusual options alert can help traders track potentially big trading opportunities. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Unusual trading activity could push option prices to hyperbolic or underperforming levels.
Here's the list of some unusual options activity happening in today's session:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BA | CALL | SWEEP | BULLISH | 11/20/20 | $200.00 | $317.8K | 19.5K | 68.0K |
| AAL | CALL | SWEEP | BEARISH | 11/20/20 | $13.00 | $70.4K | 54.0K | 50.1K |
| GE | CALL | SWEEP | BULLISH | 12/18/20 | $10.00 | $49.6K | 27.9K | 7.1K |
| SPCE | CALL | TRADE | BULLISH | 12/11/20 | $22.00 | $28.8K | 292 | 2.7K |
| UBER | CALL | SWEEP | BULLISH | 01/15/21 | $50.00 | $184.2K | 32.1K | 2.3K |
| PLUG | PUT | TRADE | BULLISH | 11/27/20 | $27.00 | $53.0K | 10 | 1.5K |
| UAL | PUT | SWEEP | BULLISH | 01/20/23 | $20.00 | $94.5K | 1.6K | 1.2K |
| WBT | CALL | TRADE | BULLISH | 09/17/21 | $12.50 | $145.0K | 0 | 1.0K |
| DAL | CALL | TRADE | BEARISH | 03/19/21 | $45.00 | $45.5K | 1.8K | 571 |
| CAR | PUT | SWEEP | BEARISH | 01/15/21 | $25.00 | $25.0K | 6.2K | 511 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding BA BA, we observe a call option sweep with bullish sentiment. It expires in 4 day(s) on November 20, 2020. A trader bought 489 contract(s) at a $200.00 strike. This particular call needed to be split into 9 different trades to become filled. The trader or institution spent $317.8K on this trade with a price of $650.0 per contract. There were 19595 open contracts at this strike prior to today, and today 68075 contract(s) were bought and sold.
• For AAL AAL, we notice a call option sweep that happens to be bearish, expiring in 4 day(s) on November 20, 2020. A trader bought 2429 contract(s) at a $13.00 strike. This particular call needed to be split into 10 different trades to become filled. The trader or institution spent $70.4K on this trade with a price of $29.0 per contract. There were 54029 open contracts at this strike prior to today, and today 50159 contract(s) were bought and sold.
• For GE GE, we notice a call option sweep that happens to be bullish, expiring in 32 day(s) on December 18, 2020. A trader bought 1500 contract(s) at a $10.00 strike. This particular call needed to be split into 13 different trades to become filled. The trader or institution spent $49.6K on this trade with a price of $33.0 per contract. There were 27905 open contracts at this strike prior to today, and today 7182 contract(s) were bought and sold.
• For SPCE SPCE, we notice a call option trade that happens to be bullish, expiring in 25 day(s) on December 11, 2020. A trader bought 300 contract(s) at a $22.00 strike. The trader or institution spent $28.8K on this trade with a price of $96.0 per contract. There were 292 open contracts at this strike prior to today, and today 2701 contract(s) were bought and sold.
• Regarding UBER UBER, we observe a call option sweep with bullish sentiment. It expires in 60 day(s) on January 15, 2021. A trader bought 519 contract(s) at a $50.00 strike. This particular call needed to be split into 34 different trades to become filled. The trader or institution spent $184.2K on this trade with a price of $355.0 per contract. There were 32161 open contracts at this strike prior to today, and today 2362 contract(s) were bought and sold.
• For PLUG PLUG, we notice a put option trade that happens to be bullish, expiring in 11 day(s) on November 27, 2020. A trader bought 200 contract(s) at a $27.00 strike. The trader or institution spent $53.0K on this trade with a price of $265.0 per contract. There were 10 open contracts at this strike prior to today, and today 1547 contract(s) were bought and sold.
• For UAL UAL, we notice a put option sweep that happens to be bullish, expiring in 795 day(s) on January 20, 2023. A trader bought 254 contract(s) at a $20.00 strike. This particular put needed to be split into 5 different trades to become filled. The trader or institution spent $94.5K on this trade with a price of $375.0 per contract. There were 1611 open contracts at this strike prior to today, and today 1200 contract(s) were bought and sold.
• For WBT WBT, we notice a call option trade that happens to be bullish, expiring in 305 day(s) on September 17, 2021. A trader bought 1000 contract(s) at a $12.50 strike. The trader or institution spent $145.0K on this trade with a price of $145.0 per contract. There were 0 open contracts at this strike prior to today, and today 1000 contract(s) were bought and sold.
• Regarding DAL DAL, we observe a call option trade with bearish sentiment. It expires in 123 day(s) on March 19, 2021. A trader bought 200 contract(s) at a $45.00 strike. The trader or institution spent $45.5K on this trade with a price of $228.0 per contract. There were 1847 open contracts at this strike prior to today, and today 571 contract(s) were bought and sold.
• Regarding CAR CAR, we observe a put option sweep with bearish sentiment. It expires in 60 day(s) on January 15, 2021. A trader bought 500 contract(s) at a $25.00 strike. This particular put needed to be split into 23 different trades to become filled. The trader or institution spent $25.0K on this trade with a price of $50.0 per contract. There were 6269 open contracts at this strike prior to today, and today 511 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
