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.
Here's the list of options activity happening in today's session:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|
LUV | CALL | SWEEP | BULLISH | 01/17/25 | $37.50 | $53.1K | 2.6K | 2.5K |
FDX | PUT | TRADE | NEUTRAL | 07/21/23 | $170.00 | $372.5K | 661 | 515 |
UBER | CALL | SWEEP | BEARISH | 02/17/23 | $25.00 | $229.2K | 1.8K | 478 |
AAL | CALL | TRADE | BULLISH | 05/19/23 | $17.00 | $41.6K | 8.2K | 358 |
DAL | PUT | SWEEP | BULLISH | 03/17/23 | $42.00 | $36.6K | 238 | 219 |
LMT | CALL | TRADE | BULLISH | 06/16/23 | $435.00 | $33.7K | 1.1K | 181 |
MMM | PUT | SWEEP | BULLISH | 06/16/23 | $110.00 | $26.5K | 457 | 127 |
URI | PUT | TRADE | BULLISH | 03/17/23 | $330.00 | $25.5K | 114 | 80 |
BA | PUT | TRADE | BULLISH | 01/17/25 | $240.00 | $34.5K | 316 | 32 |
CAR | PUT | SWEEP | BEARISH | 06/16/23 | $200.00 | $69.3K | 4 | 31 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding LUV LUV, we observe a call option sweep with bullish sentiment. It expires in 724 day(s) on January 17, 2025. Parties traded 77 contract(s) at a $37.50 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $53.1K, with a price of $690.0 per contract. There were 2670 open contracts at this strike prior to today, and today 2578 contract(s) were bought and sold.
• For FDX FDX, we notice a put option trade that happens to be neutral, expiring in 178 day(s) on July 21, 2023. This event was a transfer of 500 contract(s) at a $170.00 strike. The total cost received by the writing party (or parties) was $372.5K, with a price of $745.0 per contract. There were 661 open contracts at this strike prior to today, and today 515 contract(s) were bought and sold.
• For UBER UBER, we notice a call option sweep that happens to be bearish, expiring in 24 day(s) on February 17, 2023. This event was a transfer of 400 contract(s) at a $25.00 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 $229.2K, with a price of $573.0 per contract. There were 1819 open contracts at this strike prior to today, and today 478 contract(s) were bought and sold.
• For AAL AAL, we notice a call option trade that happens to be bullish, expiring in 115 day(s) on May 19, 2023. This event was a transfer of 300 contract(s) at a $17.00 strike. The total cost received by the writing party (or parties) was $41.6K, with a price of $139.0 per contract. There were 8285 open contracts at this strike prior to today, and today 358 contract(s) were bought and sold.
• For DAL DAL, we notice a put option sweep that happens to be bullish, expiring in 52 day(s) on March 17, 2023. This event was a transfer of 111 contract(s) at a $42.00 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 $36.6K, with a price of $330.0 per contract. There were 238 open contracts at this strike prior to today, and today 219 contract(s) were bought and sold.
• Regarding LMT LMT, we observe a call option trade with bullish sentiment. It expires in 143 day(s) on June 16, 2023. Parties traded 10 contract(s) at a $435.00 strike. The total cost received by the writing party (or parties) was $33.7K, with a price of $3376.0 per contract. There were 1152 open contracts at this strike prior to today, and today 181 contract(s) were bought and sold.
• For MMM MMM, we notice a put option sweep that happens to be bullish, expiring in 143 day(s) on June 16, 2023. This event was a transfer of 50 contract(s) at a $110.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $26.5K, with a price of $530.0 per contract. There were 457 open contracts at this strike prior to today, and today 127 contract(s) were bought and sold.
• For URI URI, we notice a put option trade that happens to be bullish, expiring in 52 day(s) on March 17, 2023. This event was a transfer of 75 contract(s) at a $330.00 strike. The total cost received by the writing party (or parties) was $25.5K, with a price of $340.0 per contract. There were 114 open contracts at this strike prior to today, and today 80 contract(s) were bought and sold.
• For BA BA, we notice a put option trade that happens to be bullish, expiring in 724 day(s) on January 17, 2025. This event was a transfer of 7 contract(s) at a $240.00 strike. The total cost received by the writing party (or parties) was $34.5K, with a price of $4935.0 per contract. There were 316 open contracts at this strike prior to today, and today 32 contract(s) were bought and sold.
• For CAR CAR, we notice a put option sweep that happens to be bearish, expiring in 143 day(s) on June 16, 2023. This event was a transfer of 22 contract(s) at a $200.00 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 $69.3K, with a price of $3150.0 per contract. There were 4 open contracts at this strike prior to today, and today 31 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.
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