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.
Below are some instances of unusual options activity happening in the Financials sector:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BAC | PUT | SWEEP | BEARISH | 07/16/21 | $40.00 | $260.3K | 12.0K | 14.0K |
| IVR | PUT | SWEEP | BULLISH | 01/20/23 | $3.00 | $26.8K | 20.4K | 4.0K |
| WFC | PUT | SWEEP | BEARISH | 07/16/21 | $42.50 | $90.8K | 28.0K | 2.9K |
| TIGR | CALL | SWEEP | BEARISH | 07/16/21 | $30.00 | $54.0K | 13.4K | 2.9K |
| MS | PUT | TRADE | NEUTRAL | 07/16/21 | $90.00 | $202.4K | 1.8K | 1.5K |
| JEF | CALL | TRADE | NEUTRAL | 07/16/21 | $30.00 | $149.5K | 317 | 1.3K |
| LADR | PUT | SWEEP | BEARISH | 12/17/21 | $10.00 | $25.0K | 3.1K | 1.0K |
| GS | PUT | SWEEP | BEARISH | 06/18/21 | $350.00 | $32.3K | 2.2K | 934 |
| AGNC | PUT | SWEEP | BULLISH | 06/18/21 | $18.00 | $59.0K | 8.3K | 584 |
| BBD | CALL | TRADE | BEARISH | 01/20/23 | $5.50 | $51.5K | 99 | 500 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For BAC (NYSE:BAC), we notice a put option sweep that happens to be bearish, expiring in 29 day(s) on July 16, 2021. This event was a transfer of 1900 contract(s) at a $40.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $260.3K, with a price of $137.0 per contract. There were 12083 open contracts at this strike prior to today, and today 14030 contract(s) were bought and sold.
• For IVR (NYSE:IVR), we notice a put option sweep that happens to be bullish, expiring in 582 day(s) on January 20, 2023. This event was a transfer of 400 contract(s) at a $3.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $26.8K, with a price of $67.0 per contract. There were 20430 open contracts at this strike prior to today, and today 4064 contract(s) were bought and sold.
• Regarding WFC (NYSE:WFC), we observe a put option sweep with bearish sentiment. It expires in 29 day(s) on July 16, 2021. Parties traded 727 contract(s) at a $42.50 strike. This particular put needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $90.8K, with a price of $125.0 per contract. There were 28089 open contracts at this strike prior to today, and today 2984 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.
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