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 |
|---|---|---|---|---|---|---|---|---|
| UBER | PUT | TRADE | NEUTRAL | 03/18/22 | $40.00 | $500.5K | 1.3K | 2.8K |
| RUN | CALL | TRADE | BULLISH | 09/17/21 | $55.00 | $592.0K | 4.6K | 1.3K |
| DAL | CALL | SWEEP | BEARISH | 11/19/21 | $45.00 | $58.9K | 146 | 1.0K |
| CAT | PUT | SWEEP | BEARISH | 08/06/21 | $205.00 | $150.6K | 328 | 954 |
| SPCE | PUT | SWEEP | BEARISH | 08/06/21 | $30.00 | $48.8K | 1.7K | 651 |
| TGI | CALL | SWEEP | BEARISH | 08/20/21 | $20.00 | $32.7K | 127 | 623 |
| AAL | CALL | SWEEP | BEARISH | 09/17/21 | $21.00 | $31.5K | 1.7K | 402 |
| UAL | PUT | SWEEP | BEARISH | 01/21/22 | $37.00 | $62.1K | 2.9K | 370 |
| DNB | CALL | SWEEP | BULLISH | 08/20/21 | $20.00 | $47.0K | 416 | 336 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For UBER UBER, we notice a put option trade that happens to be neutral, expiring in 231 day(s) on March 18, 2022. This event was a transfer of 1300 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $500.5K, with a price of $385.0 per contract. There were 1385 open contracts at this strike prior to today, and today 2800 contract(s) were bought and sold.
• For RUN RUN, we notice a call option trade that happens to be bullish, expiring in 49 day(s) on September 17, 2021. This event was a transfer of 1287 contract(s) at a $55.00 strike. The total cost received by the writing party (or parties) was $592.0K, with a price of $460.0 per contract. There were 4622 open contracts at this strike prior to today, and today 1313 contract(s) were bought and sold.
• Regarding DAL DAL, we observe a call option sweep with bearish sentiment. It expires in 112 day(s) on November 19, 2021. Parties traded 380 contract(s) at a $45.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $58.9K, with a price of $158.0 per contract. There were 146 open contracts at this strike prior to today, and today 1013 contract(s) were bought and sold.
• For CAT CAT, we notice a put option sweep that happens to be bearish, expiring in 7 day(s) on August 6, 2021. This event was a transfer of 486 contract(s) at a $205.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $150.6K, with a price of $310.0 per contract. There were 328 open contracts at this strike prior to today, and today 954 contract(s) were bought and sold.
• For SPCE SPCE, we notice a put option sweep that happens to be bearish, expiring in 7 day(s) on August 6, 2021. This event was a transfer of 315 contract(s) at a $30.00 strike. This particular put needed to be split into 27 different trades to become filled. The total cost received by the writing party (or parties) was $48.8K, with a price of $155.0 per contract. There were 1792 open contracts at this strike prior to today, and today 651 contract(s) were bought and sold.
• Regarding TGI TGI, we observe a call option sweep with bearish sentiment. It expires in 21 day(s) on August 20, 2021. Parties traded 385 contract(s) at a $20.00 strike. This particular call needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $32.7K, with a price of $85.0 per contract. There were 127 open contracts at this strike prior to today, and today 623 contract(s) were bought and sold.
• Regarding AAL AAL, we observe a call option sweep with bearish sentiment. It expires in 49 day(s) on September 17, 2021. Parties traded 267 contract(s) at a $21.00 strike. This particular call needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $31.5K, with a price of $118.0 per contract. There were 1712 open contracts at this strike prior to today, and today 402 contract(s) were bought and sold.
• Regarding UAL UAL, we observe a put option sweep with bearish sentiment. It expires in 175 day(s) on January 21, 2022. Parties traded 300 contract(s) at a $37.00 strike. This particular put needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $62.1K, with a price of $207.0 per contract. There were 2953 open contracts at this strike prior to today, and today 370 contract(s) were bought and sold.
• Regarding DNB DNB, we observe a call option sweep with bullish sentiment. It expires in 21 day(s) on August 20, 2021. Parties traded 336 contract(s) at a $20.00 strike. This particular call needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $47.0K, with a price of $140.0 per contract. There were 416 open contracts at this strike prior to today, and today 336 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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