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 often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming 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 |
|---|---|---|---|---|---|---|---|---|
| CVX | PUT | TRADE | BEARISH | 10/20/23 | $145.00 | $80.0K | 11.0K | 10.0K |
| EC | CALL | SWEEP | BEARISH | 10/20/23 | $10.00 | $52.9K | 410 | 1.4K |
| SLB | PUT | SWEEP | BULLISH | 02/16/24 | $45.00 | $29.9K | 1.3K | 911 |
| NOG | CALL | TRADE | NEUTRAL | 01/19/24 | $20.00 | $1.1 million | 833 | 570 |
| OXY | PUT | SWEEP | BEARISH | 11/17/23 | $65.00 | $71.0K | 10.0K | 296 |
| XOM | PUT | TRADE | BEARISH | 01/19/24 | $100.00 | $25.8K | 19.9K | 253 |
| HES | PUT | TRADE | BEARISH | 01/19/24 | $160.00 | $141.0K | 556 | 100 |
| VAL | CALL | SWEEP | BEARISH | 12/20/24 | $100.00 | $25.7K | 198 | 22 |
| EOG | CALL | TRADE | NEUTRAL | 10/06/23 | $100.00 | $38.1K | 0 | 15 |
| COP | CALL | TRADE | BEARISH | 05/17/24 | $95.00 | $29.1K | 0 | 10 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For CVX CVX, we notice a put option trade that happens to be bearish, expiring in 25 day(s) on October 20, 2023. This event was a transfer of 10000 contract(s) at a $145.00 strike. The total cost received by the writing party (or parties) was $80.0K, with a price of $8.0 per contract. There were 11084 open contracts at this strike prior to today, and today 10014 contract(s) were bought and sold.
• For EC EC, we notice a call option sweep that happens to be bearish, expiring in 25 day(s) on October 20, 2023. This event was a transfer of 200 contract(s) at a $10.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $52.9K, with a price of $265.0 per contract. There were 410 open contracts at this strike prior to today, and today 1448 contract(s) were bought and sold.
• For SLB SLB, we notice a put option sweep that happens to be bullish, expiring in 144 day(s) on February 16, 2024. This event was a transfer of 389 contract(s) at a $45.00 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 $29.9K, with a price of $78.0 per contract. There were 1377 open contracts at this strike prior to today, and today 911 contract(s) were bought and sold.
• Regarding NOG NOG, we observe a call option trade with neutral sentiment. It expires in 116 day(s) on January 19, 2024. Parties traded 570 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $1.1 million, with a price of $1989.0 per contract. There were 833 open contracts at this strike prior to today, and today 570 contract(s) were bought and sold.
• Regarding OXY OXY, we observe a put option sweep with bearish sentiment. It expires in 53 day(s) on November 17, 2023. Parties traded 200 contract(s) at a $65.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $71.0K, with a price of $355.0 per contract. There were 10061 open contracts at this strike prior to today, and today 296 contract(s) were bought and sold.
• For XOM XOM, we notice a put option trade that happens to be bearish, expiring in 116 day(s) on January 19, 2024. This event was a transfer of 200 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $25.8K, with a price of $129.0 per contract. There were 19939 open contracts at this strike prior to today, and today 253 contract(s) were bought and sold.
• Regarding HES HES, we observe a put option trade with bearish sentiment. It expires in 116 day(s) on January 19, 2024. Parties traded 100 contract(s) at a $160.00 strike. The total cost received by the writing party (or parties) was $141.0K, with a price of $1410.0 per contract. There were 556 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold.
• Regarding VAL VAL, we observe a call option sweep with bearish sentiment. It expires in 452 day(s) on December 20, 2024. Parties traded 31 contract(s) at a $100.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $25.7K, with a price of $830.0 per contract. There were 198 open contracts at this strike prior to today, and today 22 contract(s) were bought and sold.
• For EOG EOG, we notice a call option trade that happens to be neutral, expiring in 11 day(s) on October 6, 2023. This event was a transfer of 15 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $38.1K, with a price of $2543.0 per contract. There were 0 open contracts at this strike prior to today, and today 15 contract(s) were bought and sold.
• For COP COP, we notice a call option trade that happens to be bearish, expiring in 235 day(s) on May 17, 2024. This event was a transfer of 10 contract(s) at a $95.00 strike. The total cost received by the writing party (or parties) was $29.1K, with a price of $2910.0 per contract. There were 0 open contracts at this strike prior to today, and today 10 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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