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.
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 |
|---|---|---|---|---|---|---|---|---|
| GE | CALL | TRADE | BEARISH | 01/15/21 | $11.50 | $27.6K | 75.4K | 40.9K |
| DAL | CALL | SWEEP | NEUTRAL | 01/08/21 | $41.00 | $62.8K | 2.6K | 4.1K |
| CBAT | CALL | TRADE | BEARISH | 02/19/21 | $7.50 | $32.4K | 2.3K | 2.8K |
| BE | CALL | SWEEP | BEARISH | 01/15/21 | $30.00 | $65.7K | 4.2K | 1.2K |
| PLUG | CALL | SWEEP | BULLISH | 03/19/21 | $35.00 | $204.5K | 4.8K | 725 |
| WMS | CALL | TRADE | BULLISH | 02/19/21 | $100.00 | $125.4K | 0 | 650 |
| IAA | PUT | TRADE | BEARISH | 07/16/21 | $55.00 | $177.0K | 608 | 600 |
| SOL | CALL | TRADE | BULLISH | 07/16/21 | $10.00 | $485.0K | 4.0K | 517 |
| SRCL | CALL | SWEEP | BEARISH | 05/21/21 | $80.00 | $62.0K | 68 | 400 |
| CARR | CALL | SWEEP | BEARISH | 01/15/21 | $39.00 | $29.7K | 1.2K | 338 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For GE GE, we notice a call option trade that happens to be bearish, expiring in 9 day(s) on January 15, 2021. A trader bought 923 contract(s) at a $11.50 strike. The trader or institution spent $27.6K on this trade with a price of $30.0 per contract. There were 75429 open contracts at this strike prior to today, and today 40931 contract(s) were bought and sold.
• For DAL DAL, we notice a call option sweep that happens to be neutral, expiring in 2 day(s) on January 8, 2021. A trader bought 1791 contract(s) at a $41.00 strike. This particular call needed to be split into 9 different trades to become filled. The trader or institution spent $62.8K on this trade with a price of $35.0 per contract. There were 2603 open contracts at this strike prior to today, and today 4134 contract(s) were bought and sold.
• Regarding CBAT CBAT, we observe a call option trade with bearish sentiment. It expires in 44 day(s) on February 19, 2021. A trader bought 200 contract(s) at a $7.50 strike. The trader or institution spent $32.4K on this trade with a price of $162.0 per contract. There were 2378 open contracts at this strike prior to today, and today 2848 contract(s) were bought and sold.
• Regarding BE BE, we observe a call option sweep with bearish sentiment. It expires in 9 day(s) on January 15, 2021. A trader bought 243 contract(s) at a $30.00 strike. This particular call needed to be split into 23 different trades to become filled. The trader or institution spent $65.7K on this trade with a price of $270.0 per contract. There were 4293 open contracts at this strike prior to today, and today 1227 contract(s) were bought and sold.
• Regarding PLUG PLUG, we observe a call option sweep with bullish sentiment. It expires in 72 day(s) on March 19, 2021. A trader bought 299 contract(s) at a $35.00 strike. This particular call needed to be split into 12 different trades to become filled. The trader or institution spent $204.5K on this trade with a price of $685.0 per contract. There were 4889 open contracts at this strike prior to today, and today 725 contract(s) were bought and sold.
• Regarding WMS WMS, we observe a call option trade with bullish sentiment. It expires in 44 day(s) on February 19, 2021. A trader bought 650 contract(s) at a $100.00 strike. The trader or institution spent $125.4K on this trade with a price of $193.0 per contract. There were 0 open contracts at this strike prior to today, and today 650 contract(s) were bought and sold.
• Regarding IAA IAA, we observe a put option trade with bearish sentiment. It expires in 191 day(s) on July 16, 2021. A trader bought 600 contract(s) at a $55.00 strike. The trader or institution spent $177.0K on this trade with a price of $295.0 per contract. There were 608 open contracts at this strike prior to today, and today 600 contract(s) were bought and sold.
• Regarding SOL SOL, we observe a call option trade with bullish sentiment. It expires in 191 day(s) on July 16, 2021. A trader bought 500 contract(s) at a $10.00 strike. The trader or institution spent $485.0K on this trade with a price of $970.0 per contract. There were 4031 open contracts at this strike prior to today, and today 517 contract(s) were bought and sold.
• Regarding SRCL SRCL, we observe a call option sweep with bearish sentiment. It expires in 135 day(s) on May 21, 2021. A trader bought 200 contract(s) at a $80.00 strike. This particular call needed to be split into 9 different trades to become filled. The trader or institution spent $62.0K on this trade with a price of $310.0 per contract. There were 68 open contracts at this strike prior to today, and today 400 contract(s) were bought and sold.
• For CARR CARR, we notice a call option sweep that happens to be bearish, expiring in 9 day(s) on January 15, 2021. A trader bought 205 contract(s) at a $39.00 strike. This particular call needed to be split into 21 different trades to become filled. The trader or institution spent $29.7K on this trade with a price of $145.0 per contract. There were 1237 open contracts at this strike prior to today, and today 338 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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