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 |
|---|---|---|---|---|---|---|---|---|
| OXY | PUT | SWEEP | BULLISH | 02/25/22 | $37.00 | $38.9K | 163 | 2.5K |
| PBR | CALL | TRADE | BEARISH | 07/15/22 | $14.00 | $31.5K | 1.7K | 1.1K |
| VLO | PUT | SWEEP | BEARISH | 02/25/22 | $85.00 | $43.1K | 11 | 1.0K |
| DVN | PUT | SWEEP | BULLISH | 03/18/22 | $44.00 | $59.7K | 1.2K | 848 |
| PXD | PUT | SWEEP | BEARISH | 02/25/22 | $220.00 | $142.2K | 21 | 418 |
| STNG | CALL | SWEEP | BULLISH | 07/15/22 | $11.00 | $39.4K | 860 | 349 |
| EOG | CALL | TRADE | NEUTRAL | 04/14/22 | $85.50 | $56.6K | 86 | 25 |
| HES | CALL | TRADE | BULLISH | 03/18/22 | $75.00 | $39.6K | 53 | 20 |
| CVX | CALL | TRADE | BULLISH | 01/19/24 | $75.00 | $31.2K | 4 | 5 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For OXY OXY, we notice a put option sweep that happens to be bullish, expiring in 297 day(s) on February 25, 2022. This event was a transfer of 865 contract(s) at a $37.00 strike. This particular put needed to be split into 40 different trades to become filled. The total cost received by the writing party (or parties) was $38.9K, with a price of $45.0 per contract. There were 163 open contracts at this strike prior to today, and today 2594 contract(s) were bought and sold.
• For PBR PBR, we notice a call option trade that happens to be bearish, expiring in 157 day(s) on July 15, 2022. This event was a transfer of 270 contract(s) at a $14.00 strike. The total cost received by the writing party (or parties) was $31.5K, with a price of $117.0 per contract. There were 1752 open contracts at this strike prior to today, and today 1106 contract(s) were bought and sold.
• Regarding VLO VLO, we observe a put option sweep with bearish sentiment. It expires in 297 day(s) on February 25, 2022. Parties traded 407 contract(s) at a $85.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $43.1K, with a price of $106.0 per contract. There were 11 open contracts at this strike prior to today, and today 1065 contract(s) were bought and sold.
• For DVN DVN, we notice a put option sweep that happens to be bullish, expiring in 276 day(s) on March 18, 2022. This event was a transfer of 511 contract(s) at a $44.00 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $59.7K, with a price of $117.0 per contract. There were 1294 open contracts at this strike prior to today, and today 848 contract(s) were bought and sold.
• For PXD PXD, we notice a put option sweep that happens to be bearish, expiring in 297 day(s) on February 25, 2022. This event was a transfer of 215 contract(s) at a $220.00 strike. This particular put needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $142.2K, with a price of $660.0 per contract. There were 21 open contracts at this strike prior to today, and today 418 contract(s) were bought and sold.
• Regarding STNG STNG, we observe a call option sweep with bullish sentiment. It expires in 157 day(s) on July 15, 2022. Parties traded 73 contract(s) at a $11.00 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 $39.4K, with a price of $540.0 per contract. There were 860 open contracts at this strike prior to today, and today 349 contract(s) were bought and sold.
• Regarding EOG EOG, we observe a call option trade with neutral sentiment. It expires in 249 day(s) on April 14, 2022. Parties traded 20 contract(s) at a $85.50 strike. The total cost received by the writing party (or parties) was $56.6K, with a price of $2833.0 per contract. There were 86 open contracts at this strike prior to today, and today 25 contract(s) were bought and sold.
• Regarding HES HES, we observe a call option trade with bullish sentiment. It expires in 276 day(s) on March 18, 2022. Parties traded 20 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $39.6K, with a price of $1980.0 per contract. There were 53 open contracts at this strike prior to today, and today 20 contract(s) were bought and sold.
• For CVX CVX, we notice a call option trade that happens to be bullish, expiring in 396 day(s) on January 19, 2024. This event was a transfer of 5 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $31.2K, with a price of $6255.0 per contract. There were 4 open contracts at this strike prior to today, and today 5 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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