This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels.
Below are some instances of options activity happening in the Energy sector:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PBR | CALL | SWEEP | BULLISH | 01/20/23 | $12.00 | $60.3K | 36.0K | 10.1K |
| OXY | CALL | SWEEP | BULLISH | 01/20/23 | $75.00 | $48.6K | 8.3K | 697 |
| COP | PUT | TRADE | BULLISH | 12/16/22 | $120.00 | $49.0K | 2.3K | 339 |
| CVI | CALL | SWEEP | BEARISH | 06/16/23 | $49.00 | $54.5K | 400 | 335 |
| CRK | CALL | TRADE | BULLISH | 03/17/23 | $20.00 | $25.4K | 11.2K | 205 |
| BTU | CALL | SWEEP | BULLISH | 07/21/23 | $40.00 | $35.3K | 10.8K | 153 |
| BP | CALL | SWEEP | BULLISH | 07/21/23 | $39.00 | $30.3K | 8 | 151 |
| SLB | PUT | TRADE | BULLISH | 01/17/25 | $50.00 | $43.2K | 826 | 49 |
| PBF | CALL | TRADE | BULLISH | 01/19/24 | $15.00 | $99.8K | 33 | 31 |
| CVX | CALL | TRADE | BEARISH | 12/16/22 | $165.00 | $28.5K | 4.7K | 26 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding PBR PBR, we observe a call option sweep with bullish sentiment. It expires in 58 day(s) on January 20, 2023. Parties traded 2235 contract(s) at a $12.00 strike. This particular call needed to be split into 30 different trades to become filled. The total cost received by the writing party (or parties) was $60.3K, with a price of $27.0 per contract. There were 36067 open contracts at this strike prior to today, and today 10110 contract(s) were bought and sold.
• Regarding OXY OXY, we observe a call option sweep with bullish sentiment. It expires in 58 day(s) on January 20, 2023. Parties traded 152 contract(s) at a $75.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $48.6K, with a price of $320.0 per contract. There were 8337 open contracts at this strike prior to today, and today 697 contract(s) were bought and sold.
• Regarding COP COP, we observe a put option trade with bullish sentiment. It expires in 23 day(s) on December 16, 2022. Parties traded 200 contract(s) at a $120.00 strike. The total cost received by the writing party (or parties) was $49.0K, with a price of $245.0 per contract. There were 2355 open contracts at this strike prior to today, and today 339 contract(s) were bought and sold.
• For CVI CVI, we notice a call option sweep that happens to be bearish, expiring in 205 day(s) on June 16, 2023. This event was a transfer of 133 contract(s) at a $49.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $54.5K, with a price of $410.0 per contract. There were 400 open contracts at this strike prior to today, and today 335 contract(s) were bought and sold.
• Regarding CRK CRK, we observe a call option trade with bullish sentiment. It expires in 114 day(s) on March 17, 2023. Parties traded 100 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $25.4K, with a price of $255.0 per contract. There were 11206 open contracts at this strike prior to today, and today 205 contract(s) were bought and sold.
• For BTU BTU, we notice a call option sweep that happens to be bullish, expiring in 240 day(s) on July 21, 2023. This event was a transfer of 93 contract(s) at a $40.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $35.3K, with a price of $380.0 per contract. There were 10800 open contracts at this strike prior to today, and today 153 contract(s) were bought and sold.
• For BP BP, we notice a call option sweep that happens to be bullish, expiring in 240 day(s) on July 21, 2023. This event was a transfer of 151 contract(s) at a $39.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $30.3K, with a price of $201.0 per contract. There were 8 open contracts at this strike prior to today, and today 151 contract(s) were bought and sold.
• Regarding SLB SLB, we observe a put option trade with bullish sentiment. It expires in 786 day(s) on January 17, 2025. Parties traded 40 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $43.2K, with a price of $1080.0 per contract. There were 826 open contracts at this strike prior to today, and today 49 contract(s) were bought and sold.
• Regarding PBF PBF, we observe a call option trade with bullish sentiment. It expires in 422 day(s) on January 19, 2024. Parties traded 31 contract(s) at a $15.00 strike. The total cost received by the writing party (or parties) was $99.8K, with a price of $3220.0 per contract. There were 33 open contracts at this strike prior to today, and today 31 contract(s) were bought and sold.
• Regarding CVX CVX, we observe a call option trade with bearish sentiment. It expires in 23 day(s) on December 16, 2022. Parties traded 15 contract(s) at a $165.00 strike. The total cost received by the writing party (or parties) was $28.5K, with a price of $1900.0 per contract. There were 4776 open contracts at this strike prior to today, and today 26 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.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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