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 |
|---|---|---|---|---|---|---|---|---|
| BAC | PUT | TRADE | BEARISH | 01/19/24 | $30.00 | $37.9K | 77.5K | 2.0K |
| PNC | PUT | TRADE | NEUTRAL | 06/16/23 | $160.00 | $4.8 million | 368 | 1.2K |
| GS | PUT | SWEEP | BEARISH | 10/20/23 | $250.00 | $230.4K | 501 | 497 |
| COIN | PUT | TRADE | BEARISH | 01/19/24 | $100.00 | $47.2K | 1.4K | 431 |
| JPM | PUT | TRADE | BEARISH | 07/21/23 | $135.00 | $42.9K | 8.2K | 330 |
| IBKR | PUT | TRADE | BULLISH | 06/16/23 | $75.00 | $57.5K | 1.0K | 252 |
| PRU | PUT | TRADE | NEUTRAL | 01/19/24 | $77.50 | $46.9K | 1.3K | 71 |
| BLK | PUT | SWEEP | BEARISH | 01/19/24 | $640.00 | $46.4K | 292 | 70 |
| AIG | PUT | SWEEP | BULLISH | 01/17/25 | $57.50 | $34.5K | 62 | 38 |
| CFR | CALL | TRADE | BULLISH | 07/21/23 | $100.00 | $28.5K | 224 | 31 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For BAC BAC, we notice a put option trade that happens to be bearish, expiring in 240 day(s) on January 19, 2024. This event was a transfer of 107 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $37.9K, with a price of $355.0 per contract. There were 77582 open contracts at this strike prior to today, and today 2085 contract(s) were bought and sold.
• For PNC PNC, we notice a put option trade that happens to be neutral, expiring in 23 day(s) on June 16, 2023. This event was a transfer of 1200 contract(s) at a $160.00 strike. The total cost received by the writing party (or parties) was $4.8 million, with a price of $4080.0 per contract. There were 368 open contracts at this strike prior to today, and today 1200 contract(s) were bought and sold.
• Regarding GS GS, we observe a put option sweep with bearish sentiment. It expires in 149 day(s) on October 20, 2023. Parties traded 475 contract(s) at a $250.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $230.4K, with a price of $485.0 per contract. There were 501 open contracts at this strike prior to today, and today 497 contract(s) were bought and sold.
• Regarding COIN COIN, we observe a put option trade with bearish sentiment. It expires in 240 day(s) on January 19, 2024. Parties traded 10 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $47.2K, with a price of $4720.0 per contract. There were 1489 open contracts at this strike prior to today, and today 431 contract(s) were bought and sold.
• Regarding JPM JPM, we observe a put option trade with bearish sentiment. It expires in 58 day(s) on July 21, 2023. Parties traded 80 contract(s) at a $135.00 strike. The total cost received by the writing party (or parties) was $42.9K, with a price of $537.0 per contract. There were 8254 open contracts at this strike prior to today, and today 330 contract(s) were bought and sold.
• For IBKR IBKR, we notice a put option trade that happens to be bullish, expiring in 23 day(s) on June 16, 2023. This event was a transfer of 235 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $57.5K, with a price of $245.0 per contract. There were 1063 open contracts at this strike prior to today, and today 252 contract(s) were bought and sold.
• Regarding PRU PRU, we observe a put option trade with neutral sentiment. It expires in 240 day(s) on January 19, 2024. Parties traded 69 contract(s) at a $77.50 strike. The total cost received by the writing party (or parties) was $46.9K, with a price of $680.0 per contract. There were 1368 open contracts at this strike prior to today, and today 71 contract(s) were bought and sold.
• Regarding BLK BLK, we observe a put option sweep with bearish sentiment. It expires in 240 day(s) on January 19, 2024. Parties traded 9 contract(s) at a $640.00 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 $46.4K, with a price of $5160.0 per contract. There were 292 open contracts at this strike prior to today, and today 70 contract(s) were bought and sold.
• For AIG AIG, we notice a put option sweep that happens to be bullish, expiring in 604 day(s) on January 17, 2025. This event was a transfer of 38 contract(s) at a $57.50 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 $34.5K, with a price of $910.0 per contract. There were 62 open contracts at this strike prior to today, and today 38 contract(s) were bought and sold.
• For CFR CFR, we notice a call option trade that happens to be bullish, expiring in 58 day(s) on July 21, 2023. This event was a transfer of 30 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $28.5K, with a price of $950.0 per contract. There were 224 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 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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