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 often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming 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 |
|---|---|---|---|---|---|---|---|---|
| AAL | PUT | SWEEP | BEARISH | 01/17/25 | $5.00 | $100.0K | 190.9K | 2.0K |
| HON | PUT | SWEEP | NEUTRAL | 03/17/23 | $200.00 | $68.6K | 5.5K | 497 |
| LMT | CALL | SWEEP | BEARISH | 01/27/23 | $450.00 | $53.3K | 874 | 493 |
| GNRC | CALL | SWEEP | BULLISH | 03/17/23 | $115.00 | $28.2K | 120 | 459 |
| GFF | CALL | TRADE | NEUTRAL | 03/17/23 | $40.00 | $28.0K | 2.4K | 201 |
| DAL | CALL | TRADE | BULLISH | 01/17/25 | $32.00 | $80.9K | 689 | 63 |
| UBER | CALL | TRADE | BEARISH | 05/19/23 | $22.50 | $37.1K | 857 | 52 |
| ARRY | CALL | TRADE | NEUTRAL | 01/17/25 | $15.00 | $64.8K | 16 | 50 |
| UAL | CALL | TRADE | BULLISH | 06/16/23 | $30.00 | $98.4K | 240 | 47 |
| ALK | CALL | TRADE | BULLISH | 01/19/24 | $40.00 | $35.7K | 313 | 25 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For AAL AAL, we notice a put option sweep that happens to be bearish, expiring in 723 day(s) on January 17, 2025. This event was a transfer of 2001 contract(s) at a $5.00 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 $100.0K, with a price of $50.0 per contract. There were 190903 open contracts at this strike prior to today, and today 2001 contract(s) were bought and sold.
• For HON HON, we notice a put option sweep that happens to be neutral, expiring in 51 day(s) on March 17, 2023. This event was a transfer of 140 contract(s) at a $200.00 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 $68.6K, with a price of $490.0 per contract. There were 5505 open contracts at this strike prior to today, and today 497 contract(s) were bought and sold.
• Regarding LMT LMT, we observe a call option sweep with bearish sentiment. It expires in 2 day(s) on January 27, 2023. Parties traded 89 contract(s) at a $450.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $53.3K, with a price of $600.0 per contract. There were 874 open contracts at this strike prior to today, and today 493 contract(s) were bought and sold.
• For GNRC GNRC, we notice a call option sweep that happens to be bullish, expiring in 51 day(s) on March 17, 2023. This event was a transfer of 41 contract(s) at a $115.00 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 $28.2K, with a price of $690.0 per contract. There were 120 open contracts at this strike prior to today, and today 459 contract(s) were bought and sold.
• For GFF GFF, we notice a call option trade that happens to be neutral, expiring in 51 day(s) on March 17, 2023. This event was a transfer of 100 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $28.0K, with a price of $280.0 per contract. There were 2452 open contracts at this strike prior to today, and today 201 contract(s) were bought and sold.
• Regarding DAL DAL, we observe a call option trade with bullish sentiment. It expires in 723 day(s) on January 17, 2025. Parties traded 63 contract(s) at a $32.00 strike. The total cost received by the writing party (or parties) was $80.9K, with a price of $1285.0 per contract. There were 689 open contracts at this strike prior to today, and today 63 contract(s) were bought and sold.
• For UBER UBER, we notice a call option trade that happens to be bearish, expiring in 114 day(s) on May 19, 2023. This event was a transfer of 45 contract(s) at a $22.50 strike. The total cost received by the writing party (or parties) was $37.1K, with a price of $825.0 per contract. There were 857 open contracts at this strike prior to today, and today 52 contract(s) were bought and sold.
• Regarding ARRY ARRY, we observe a call option trade with neutral sentiment. It expires in 723 day(s) on January 17, 2025. Parties traded 50 contract(s) at a $15.00 strike. The total cost received by the writing party (or parties) was $64.8K, with a price of $1296.0 per contract. There were 16 open contracts at this strike prior to today, and today 50 contract(s) were bought and sold.
• Regarding UAL UAL, we observe a call option trade with bullish sentiment. It expires in 142 day(s) on June 16, 2023. Parties traded 47 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $98.4K, with a price of $2095.0 per contract. There were 240 open contracts at this strike prior to today, and today 47 contract(s) were bought and sold.
• Regarding ALK ALK, we observe a call option trade with bullish sentiment. It expires in 359 day(s) on January 19, 2024. Parties traded 25 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $35.7K, with a price of $1430.0 per contract. There were 313 open contracts at this strike prior to today, and today 25 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.
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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