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 |
|---|---|---|---|---|---|---|---|---|
| BAC | PUT | SWEEP | BEARISH | 01/19/24 | $34.00 | $53.3K | 1.3K | 877 |
| QFIN | PUT | SWEEP | BULLISH | 09/15/23 | $17.50 | $83.1K | 0 | 874 |
| WAL | CALL | TRADE | BULLISH | 09/15/23 | $52.50 | $31.8K | 211 | 538 |
| BGC | CALL | SWEEP | BEARISH | 08/18/23 | $4.00 | $32.0K | 1.8K | 534 |
| LX | CALL | TRADE | BEARISH | 01/19/24 | $2.50 | $30.0K | 1.0K | 500 |
| BX | CALL | SWEEP | BULLISH | 07/21/23 | $85.00 | $465.7K | 3.2K | 461 |
| SCHW | CALL | SWEEP | BEARISH | 08/18/23 | $65.00 | $32.5K | 6.8K | 318 |
| GS | CALL | TRADE | BULLISH | 07/28/23 | $340.00 | $30.0K | 746 | 187 |
| DFS | CALL | SWEEP | BULLISH | 08/18/23 | $90.00 | $70.4K | 44 | 139 |
| MS | CALL | TRADE | BEARISH | 12/19/25 | $95.00 | $28.9K | 301 | 89 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For BAC BAC, we notice a put option sweep that happens to be bearish, expiring in 182 day(s) on January 19, 2024. This event was a transfer of 179 contract(s) at a $34.00 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 $53.3K, with a price of $298.0 per contract. There were 1308 open contracts at this strike prior to today, and today 877 contract(s) were bought and sold.
• Regarding QFIN QFIN, we observe a put option sweep with bullish sentiment. It expires in 56 day(s) on September 15, 2023. Parties traded 874 contract(s) at a $17.50 strike. This particular put needed to be split into 33 different trades to become filled. The total cost received by the writing party (or parties) was $83.1K, with a price of $95.0 per contract. There were 0 open contracts at this strike prior to today, and today 874 contract(s) were bought and sold.
• Regarding WAL WAL, we observe a call option trade with bullish sentiment. It expires in 56 day(s) on September 15, 2023. Parties traded 178 contract(s) at a $52.50 strike. The total cost received by the writing party (or parties) was $31.8K, with a price of $179.0 per contract. There were 211 open contracts at this strike prior to today, and today 538 contract(s) were bought and sold.
• For BGC BGC, we notice a call option sweep that happens to be bearish, expiring in 28 day(s) on August 18, 2023. This event was a transfer of 400 contract(s) at a $4.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $32.0K, with a price of $80.0 per contract. There were 1848 open contracts at this strike prior to today, and today 534 contract(s) were bought and sold.
• For LX LX, we notice a call option trade that happens to be bearish, expiring in 182 day(s) on January 19, 2024. This event was a transfer of 500 contract(s) at a $2.50 strike. The total cost received by the writing party (or parties) was $30.0K, with a price of $60.0 per contract. There were 1012 open contracts at this strike prior to today, and today 500 contract(s) were bought and sold.
• For BX BX, we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 225 contract(s) at a $85.00 strike. This particular call needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $465.7K, with a price of $2070.0 per contract. There were 3270 open contracts at this strike prior to today, and today 461 contract(s) were bought and sold.
• For SCHW SCHW, we notice a call option sweep that happens to be bearish, expiring in 28 day(s) on August 18, 2023. This event was a transfer of 100 contract(s) at a $65.00 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 $32.5K, with a price of $325.0 per contract. There were 6815 open contracts at this strike prior to today, and today 318 contract(s) were bought and sold.
• For GS GS, we notice a call option trade that happens to be bullish, expiring in 7 day(s) on July 28, 2023. This event was a transfer of 20 contract(s) at a $340.00 strike. The total cost received by the writing party (or parties) was $30.0K, with a price of $1500.0 per contract. There were 746 open contracts at this strike prior to today, and today 187 contract(s) were bought and sold.
• For DFS DFS, we notice a call option sweep that happens to be bullish, expiring in 28 day(s) on August 18, 2023. This event was a transfer of 42 contract(s) at a $90.00 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 $70.4K, with a price of $1678.0 per contract. There were 44 open contracts at this strike prior to today, and today 139 contract(s) were bought and sold.
• For MS MS, we notice a call option trade that happens to be bearish, expiring in 882 day(s) on December 19, 2025. This event was a transfer of 20 contract(s) at a $95.00 strike. The total cost received by the writing party (or parties) was $28.9K, with a price of $1445.0 per contract. There were 301 open contracts at this strike prior to today, and today 89 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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