10 Financials Stocks Whale Activity In Today's Session

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:

Explanation

These bullet-by-bullet explanations have been constructed using the accompanying table.

• Regarding WFC WFC, we observe a call option trade with bearish sentiment. It expires in 79 day(s) on July 21, 2023. Parties traded 6500 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $1.3 million, with a price of $207.0 per contract. There were 7371 open contracts at this strike prior to today, and today 7216 contract(s) were bought and sold.

• For NLY NLY, we notice a call option sweep that happens to be bullish, expiring in 9 day(s) on May 12, 2023. This event was a transfer of 1489 contract(s) at a $19.50 strike. This particular call needed to be split into 50 different trades to become filled. The total cost received by the writing party (or parties) was $65.6K, with a price of $44.0 per contract. There were 151 open contracts at this strike prior to today, and today 1520 contract(s) were bought and sold.

• For BAC BAC, we notice a put option sweep that happens to be bullish, expiring in 198 day(s) on November 17, 2023. This event was a transfer of 604 contract(s) at a $21.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $34.4K, with a price of $57.0 per contract. There were 2652 open contracts at this strike prior to today, and today 1487 contract(s) were bought and sold.

• Regarding ALL ALL, we observe a put option sweep with bearish sentiment. It expires in 16 day(s) on May 19, 2023. Parties traded 99 contract(s) at a $110.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $25.2K, with a price of $250.0 per contract. There were 1247 open contracts at this strike prior to today, and today 1369 contract(s) were bought and sold.

• For COIN COIN, we notice a call option sweep that happens to be bearish, expiring in 2 day(s) on May 5, 2023. This event was a transfer of 500 contract(s) at a $49.50 strike. This particular call needed to be split into 28 different trades to become filled. The total cost received by the writing party (or parties) was $150.1K, with a price of $301.0 per contract. There were 284 open contracts at this strike prior to today, and today 1272 contract(s) were bought and sold.

• For JPM JPM, we notice a call option sweep that happens to be bearish, expiring in 2 day(s) on May 5, 2023. This event was a transfer of 125 contract(s) at a $136.00 strike. This particular call needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $31.7K, with a price of $254.0 per contract. There were 1164 open contracts at this strike prior to today, and today 1102 contract(s) were bought and sold.

• Regarding UPST UPST, we observe a put option trade with bullish sentiment. It expires in 16 day(s) on May 19, 2023. Parties traded 1000 contract(s) at a $25.00 strike. The total cost received by the writing party (or parties) was $1.2 million, with a price of $1286.0 per contract. There were 35286 open contracts at this strike prior to today, and today 1001 contract(s) were bought and sold.

• For PNC PNC, we notice a put option sweep that happens to be bearish, expiring in 2 day(s) on May 5, 2023. This event was a transfer of 310 contract(s) at a $118.00 strike. This particular put needed to be split into 49 different trades to become filled. The total cost received by the writing party (or parties) was $38.7K, with a price of $125.0 per contract. There were 447 open contracts at this strike prior to today, and today 506 contract(s) were bought and sold.

• For MET MET, we notice a put option trade that happens to be bearish, expiring in 44 day(s) on June 16, 2023. This event was a transfer of 100 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $29.0K, with a price of $290.0 per contract. There were 13972 open contracts at this strike prior to today, and today 252 contract(s) were bought and sold.

• Regarding ALLY ALLY, we observe a put option sweep with bullish sentiment. It expires in 44 day(s) on June 16, 2023. Parties traded 100 contract(s) at a $30.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $46.0K, with a price of $460.0 per contract. There were 1027 open contracts at this strike prior to today, and today 101 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.