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 Industrials sector:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| RTX | CALL | TRADE | BEARISH | 06/23/23 | $100.00 | $243.7K | 6.9K | 2.7K |
| VRT | CALL | SWEEP | BULLISH | 12/15/23 | $22.50 | $27.2K | 581 | 1.4K |
| MIDD | PUT | SWEEP | BEARISH | 12/15/23 | $100.00 | $36.9K | 1 | 886 |
| INOD | CALL | SWEEP | BEARISH | 06/16/23 | $5.00 | $53.0K | 1.0K | 320 |
| DE | CALL | TRADE | BULLISH | 06/30/23 | $385.00 | $90.3K | 167 | 139 |
| GNRC | CALL | SWEEP | BULLISH | 06/21/24 | $125.00 | $51.4K | 1.0K | 117 |
| BA | CALL | TRADE | BEARISH | 07/21/23 | $210.00 | $44.8K | 2.4K | 95 |
| ETN | CALL | SWEEP | BULLISH | 01/17/25 | $190.00 | $120.5K | 22 | 39 |
| CAT | PUT | SWEEP | BEARISH | 01/17/25 | $210.00 | $37.6K | 251 | 39 |
| WCC | CALL | SWEEP | BULLISH | 09/15/23 | $175.00 | $31.2K | 241 | 31 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For RTX RTX, we notice a call option trade that happens to be bearish, expiring in 10 day(s) on June 23, 2023. This event was a transfer of 1636 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $243.7K, with a price of $149.0 per contract. There were 6945 open contracts at this strike prior to today, and today 2785 contract(s) were bought and sold.
• Regarding VRT VRT, we observe a call option sweep with bullish sentiment. It expires in 185 day(s) on December 15, 2023. Parties traded 80 contract(s) at a $22.50 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $27.2K, with a price of $340.0 per contract. There were 581 open contracts at this strike prior to today, and today 1456 contract(s) were bought and sold.
• For MIDD MIDD, we notice a put option sweep that happens to be bearish, expiring in 185 day(s) on December 15, 2023. This event was a transfer of 168 contract(s) at a $100.00 strike. This particular put needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $36.9K, with a price of $220.0 per contract. There were 1 open contracts at this strike prior to today, and today 886 contract(s) were bought and sold.
• For INOD INOD, we notice a call option sweep that happens to be bearish, expiring in 3 day(s) on June 16, 2023. This event was a transfer of 100 contract(s) at a $5.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $53.0K, with a price of $530.0 per contract. There were 1001 open contracts at this strike prior to today, and today 320 contract(s) were bought and sold.
• For DE DE, we notice a call option trade that happens to be bullish, expiring in 17 day(s) on June 30, 2023. This event was a transfer of 50 contract(s) at a $385.00 strike. The total cost received by the writing party (or parties) was $90.3K, with a price of $1808.0 per contract. There were 167 open contracts at this strike prior to today, and today 139 contract(s) were bought and sold.
• Regarding GNRC GNRC, we observe a call option sweep with bullish sentiment. It expires in 374 day(s) on June 21, 2024. Parties traded 20 contract(s) at a $125.00 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 $51.4K, with a price of $2570.0 per contract. There were 1035 open contracts at this strike prior to today, and today 117 contract(s) were bought and sold.
• Regarding BA BA, we observe a call option trade with bearish sentiment. It expires in 38 day(s) on July 21, 2023. Parties traded 28 contract(s) at a $210.00 strike. The total cost received by the writing party (or parties) was $44.8K, with a price of $1603.0 per contract. There were 2493 open contracts at this strike prior to today, and today 95 contract(s) were bought and sold.
• For ETN ETN, we notice a call option sweep that happens to be bullish, expiring in 584 day(s) on January 17, 2025. This event was a transfer of 39 contract(s) at a $190.00 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 $120.5K, with a price of $3090.0 per contract. There were 22 open contracts at this strike prior to today, and today 39 contract(s) were bought and sold.
• Regarding CAT CAT, we observe a put option sweep with bearish sentiment. It expires in 584 day(s) on January 17, 2025. Parties traded 23 contract(s) at a $210.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $37.6K, with a price of $1635.0 per contract. There were 251 open contracts at this strike prior to today, and today 39 contract(s) were bought and sold.
• Regarding WCC WCC, we observe a call option sweep with bullish sentiment. It expires in 94 day(s) on September 15, 2023. Parties traded 30 contract(s) at a $175.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $31.2K, with a price of $1040.0 per contract. There were 241 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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