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 |
|---|---|---|---|---|---|---|---|---|
| JPM | PUT | TRADE | BULLISH | 07/21/23 | $130.00 | $38.9K | 2.9K | 1.8K |
| LNC | PUT | SWEEP | BEARISH | 07/21/23 | $22.50 | $135.3K | 2.7K | 1.6K |
| WFC | PUT | TRADE | BULLISH | 01/17/25 | $37.50 | $560.0K | 13.6K | 1.0K |
| EWBC | PUT | SWEEP | NEUTRAL | 05/19/23 | $50.00 | $59.0K | 202 | 661 |
| USB | CALL | SWEEP | BEARISH | 06/16/23 | $35.00 | $108.7K | 1.0K | 533 |
| MS | CALL | TRADE | BEARISH | 01/19/24 | $90.00 | $46.2K | 8.9K | 388 |
| COIN | PUT | TRADE | BEARISH | 03/31/23 | $90.00 | $66.3K | 127 | 197 |
| SCHW | PUT | SWEEP | BEARISH | 01/19/24 | $42.50 | $68.0K | 1.5K | 194 |
| AXP | PUT | TRADE | BULLISH | 05/19/23 | $160.00 | $66.0K | 196 | 161 |
| GS | CALL | TRADE | BULLISH | 01/19/24 | $360.00 | $37.5K | 735 | 41 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For JPM JPM, we notice a put option trade that happens to be bullish, expiring in 113 day(s) on July 21, 2023. This event was a transfer of 45 contract(s) at a $130.00 strike. The total cost received by the writing party (or parties) was $38.9K, with a price of $865.0 per contract. There were 2984 open contracts at this strike prior to today, and today 1825 contract(s) were bought and sold.
• Regarding LNC LNC, we observe a put option sweep with bearish sentiment. It expires in 113 day(s) on July 21, 2023. Parties traded 376 contract(s) at a $22.50 strike. This particular put needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $135.3K, with a price of $360.0 per contract. There were 2716 open contracts at this strike prior to today, and today 1613 contract(s) were bought and sold.
• Regarding WFC WFC, we observe a put option trade with bullish sentiment. It expires in 659 day(s) on January 17, 2025. Parties traded 1000 contract(s) at a $37.50 strike. The total cost received by the writing party (or parties) was $560.0K, with a price of $560.0 per contract. There were 13641 open contracts at this strike prior to today, and today 1061 contract(s) were bought and sold.
• For EWBC EWBC, we notice a put option sweep that happens to be neutral, expiring in 50 day(s) on May 19, 2023. This event was a transfer of 171 contract(s) at a $50.00 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 $59.0K, with a price of $340.0 per contract. There were 202 open contracts at this strike prior to today, and today 661 contract(s) were bought and sold.
• Regarding USB USB, we observe a call option sweep with bearish sentiment. It expires in 78 day(s) on June 16, 2023. Parties traded 375 contract(s) at a $35.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $108.7K, with a price of $290.0 per contract. There were 1075 open contracts at this strike prior to today, and today 533 contract(s) were bought and sold.
• Regarding MS MS, we observe a call option trade with bearish sentiment. It expires in 295 day(s) on January 19, 2024. Parties traded 60 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $46.2K, with a price of $770.0 per contract. There were 8934 open contracts at this strike prior to today, and today 388 contract(s) were bought and sold.
• Regarding COIN COIN, we observe a put option trade with bearish sentiment. It expires in 1 day(s) on March 31, 2023. Parties traded 26 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $66.3K, with a price of $2550.0 per contract. There were 127 open contracts at this strike prior to today, and today 197 contract(s) were bought and sold.
• Regarding SCHW SCHW, we observe a put option sweep with bearish sentiment. It expires in 295 day(s) on January 19, 2024. Parties traded 162 contract(s) at a $42.50 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 $68.0K, with a price of $420.0 per contract. There were 1559 open contracts at this strike prior to today, and today 194 contract(s) were bought and sold.
• For AXP AXP, we notice a put option trade that happens to be bullish, expiring in 50 day(s) on May 19, 2023. This event was a transfer of 100 contract(s) at a $160.00 strike. The total cost received by the writing party (or parties) was $66.0K, with a price of $660.0 per contract. There were 196 open contracts at this strike prior to today, and today 161 contract(s) were bought and sold.
• For GS GS, we notice a call option trade that happens to be bullish, expiring in 295 day(s) on January 19, 2024. This event was a transfer of 20 contract(s) at a $360.00 strike. The total cost received by the writing party (or parties) was $37.5K, with a price of $1875.0 per contract. There were 735 open contracts at this strike prior to today, and today 41 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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