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 |
|---|---|---|---|---|---|---|---|---|
| LUV | PUT | SWEEP | BEARISH | 09/15/23 | $35.00 | $61.0K | 6.0K | 1.2K |
| ENVX | PUT | TRADE | BULLISH | 10/20/23 | $16.00 | $32.5K | 1.3K | 736 |
| HYZN | PUT | SWEEP | BEARISH | 01/19/24 | $2.50 | $59.9K | 749 | 599 |
| GE | CALL | TRADE | BEARISH | 09/15/23 | $90.00 | $172.5K | 1.2K | 562 |
| UPS | CALL | TRADE | BULLISH | 09/15/23 | $195.00 | $33.7K | 435 | 538 |
| BA | CALL | TRADE | BEARISH | 01/19/24 | $220.00 | $25.5K | 3.0K | 241 |
| ADP | PUT | SWEEP | BEARISH | 08/04/23 | $255.00 | $77.5K | 0 | 233 |
| CAT | CALL | TRADE | BEARISH | 01/19/24 | $320.00 | $27.2K | 948 | 101 |
| ETN | PUT | TRADE | BULLISH | 08/18/23 | $210.00 | $25.4K | 224 | 54 |
| ALK | CALL | TRADE | NEUTRAL | 01/17/25 | $40.00 | $40.4K | 65 | 30 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For LUV LUV, we notice a put option sweep that happens to be bearish, expiring in 51 day(s) on September 15, 2023. This event was a transfer of 500 contract(s) at a $35.00 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 $61.0K, with a price of $122.0 per contract. There were 6079 open contracts at this strike prior to today, and today 1244 contract(s) were bought and sold.
• Regarding ENVX ENVX, we observe a put option trade with bullish sentiment. It expires in 86 day(s) on October 20, 2023. Parties traded 250 contract(s) at a $16.00 strike. The total cost received by the writing party (or parties) was $32.5K, with a price of $130.0 per contract. There were 1305 open contracts at this strike prior to today, and today 736 contract(s) were bought and sold.
• For HYZN HYZN, we notice a put option sweep that happens to be bearish, expiring in 177 day(s) on January 19, 2024. This event was a transfer of 599 contract(s) at a $2.50 strike. This particular put needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $59.9K, with a price of $100.0 per contract. There were 749 open contracts at this strike prior to today, and today 599 contract(s) were bought and sold.
• Regarding GE GE, we observe a call option trade with bearish sentiment. It expires in 51 day(s) on September 15, 2023. Parties traded 69 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $172.5K, with a price of $2500.0 per contract. There were 1275 open contracts at this strike prior to today, and today 562 contract(s) were bought and sold.
• For UPS UPS, we notice a call option trade that happens to be bullish, expiring in 51 day(s) on September 15, 2023. This event was a transfer of 136 contract(s) at a $195.00 strike. The total cost received by the writing party (or parties) was $33.7K, with a price of $248.0 per contract. There were 435 open contracts at this strike prior to today, and today 538 contract(s) were bought and sold.
• For BA BA, we notice a call option trade that happens to be bearish, expiring in 177 day(s) on January 19, 2024. This event was a transfer of 10 contract(s) at a $220.00 strike. The total cost received by the writing party (or parties) was $25.5K, with a price of $2555.0 per contract. There were 3067 open contracts at this strike prior to today, and today 241 contract(s) were bought and sold.
• For ADP ADP, we notice a put option sweep that happens to be bearish, expiring in 9 day(s) on August 4, 2023. This event was a transfer of 228 contract(s) at a $255.00 strike. This particular put needed to be split into 29 different trades to become filled. The total cost received by the writing party (or parties) was $77.5K, with a price of $340.0 per contract. There were 0 open contracts at this strike prior to today, and today 233 contract(s) were bought and sold.
• Regarding CAT CAT, we observe a call option trade with bearish sentiment. It expires in 177 day(s) on January 19, 2024. Parties traded 99 contract(s) at a $320.00 strike. The total cost received by the writing party (or parties) was $27.2K, with a price of $275.0 per contract. There were 948 open contracts at this strike prior to today, and today 101 contract(s) were bought and sold.
• Regarding ETN ETN, we observe a put option trade with bullish sentiment. It expires in 23 day(s) on August 18, 2023. Parties traded 25 contract(s) at a $210.00 strike. The total cost received by the writing party (or parties) was $25.4K, with a price of $1017.0 per contract. There were 224 open contracts at this strike prior to today, and today 54 contract(s) were bought and sold.
• For ALK ALK, we notice a call option trade that happens to be neutral, expiring in 541 day(s) on January 17, 2025. This event was a transfer of 30 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $40.4K, with a price of $1347.0 per contract. There were 65 open contracts at this strike prior to today, and today 30 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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