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 Financials sector:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AXP | CALL | SWEEP | BEARISH | 05/19/23 | $180.00 | $52.0K | 1.2K | 1.9K |
| C | PUT | SWEEP | BEARISH | 09/15/23 | $37.50 | $26.9K | 5.1K | 1.0K |
| WFC | PUT | TRADE | BULLISH | 03/15/24 | $35.00 | $385.0K | 2.3K | 1.0K |
| FHN | CALL | TRADE | BEARISH | 05/19/23 | $19.00 | $26.0K | 3 | 1.0K |
| USB | CALL | SWEEP | BEARISH | 04/21/23 | $37.00 | $33.1K | 374 | 707 |
| JPM | PUT | TRADE | BULLISH | 01/19/24 | $120.00 | $163.6K | 18.7K | 569 |
| SCHW | PUT | TRADE | BEARISH | 09/15/23 | $40.00 | $25.7K | 2.1K | 538 |
| RF | CALL | SWEEP | BEARISH | 01/19/24 | $22.00 | $33.4K | 4.0K | 534 |
| WAL | PUT | TRADE | BULLISH | 04/06/23 | $40.00 | $45.7K | 18 | 200 |
| MS | PUT | SWEEP | BULLISH | 09/15/23 | $80.00 | $59.4K | 2.5K | 165 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding AXP AXP, we observe a call option sweep with bearish sentiment. It expires in 57 day(s) on May 19, 2023. Parties traded 210 contract(s) at a $180.00 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 $52.0K, with a price of $248.0 per contract. There were 1255 open contracts at this strike prior to today, and today 1918 contract(s) were bought and sold.
• For C C, we notice a put option sweep that happens to be bearish, expiring in 176 day(s) on September 15, 2023. This event was a transfer of 122 contract(s) at a $37.50 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $26.9K, with a price of $221.0 per contract. There were 5113 open contracts at this strike prior to today, and today 1003 contract(s) were bought and sold.
• For WFC WFC, we notice a put option trade that happens to be bullish, expiring in 358 day(s) on March 15, 2024. This event was a transfer of 1000 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $385.0K, with a price of $385.0 per contract. There were 2338 open contracts at this strike prior to today, and today 1002 contract(s) were bought and sold.
• Regarding FHN FHN, we observe a call option trade with bearish sentiment. It expires in 57 day(s) on May 19, 2023. Parties traded 400 contract(s) at a $19.00 strike. The total cost received by the writing party (or parties) was $26.0K, with a price of $65.0 per contract. There were 3 open contracts at this strike prior to today, and today 1000 contract(s) were bought and sold.
• For USB USB, we notice a call option sweep that happens to be bearish, expiring in 29 day(s) on April 21, 2023. This event was a transfer of 301 contract(s) at a $37.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $33.1K, with a price of $110.0 per contract. There were 374 open contracts at this strike prior to today, and today 707 contract(s) were bought and sold.
• Regarding JPM JPM, we observe a put option trade with bullish sentiment. It expires in 302 day(s) on January 19, 2024. Parties traded 175 contract(s) at a $120.00 strike. The total cost received by the writing party (or parties) was $163.6K, with a price of $935.0 per contract. There were 18730 open contracts at this strike prior to today, and today 569 contract(s) were bought and sold.
• Regarding SCHW SCHW, we observe a put option trade with bearish sentiment. It expires in 176 day(s) on September 15, 2023. Parties traded 100 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $25.7K, with a price of $257.0 per contract. There were 2108 open contracts at this strike prior to today, and today 538 contract(s) were bought and sold.
• For RF RF, we notice a call option sweep that happens to be bearish, expiring in 302 day(s) on January 19, 2024. This event was a transfer of 291 contract(s) at a $22.00 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 $33.4K, with a price of $115.0 per contract. There were 4018 open contracts at this strike prior to today, and today 534 contract(s) were bought and sold.
• Regarding WAL WAL, we observe a put option trade with bullish sentiment. It expires in 14 day(s) on April 6, 2023. Parties traded 50 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $45.7K, with a price of $915.0 per contract. There were 18 open contracts at this strike prior to today, and today 200 contract(s) were bought and sold.
• Regarding MS MS, we observe a put option sweep with bullish sentiment. It expires in 176 day(s) on September 15, 2023. Parties traded 120 contract(s) at a $80.00 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 $59.4K, with a price of $496.0 per contract. There were 2531 open contracts at this strike prior to today, and today 165 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 |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
