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 |
|---|---|---|---|---|---|---|---|---|
| TFC | PUT | SWEEP | BEARISH | 01/19/24 | $25.00 | $40.2K | 4.3K | 2.0K |
| COIN | PUT | SWEEP | NEUTRAL | 12/01/23 | $115.00 | $25.1K | 136 | 1.9K |
| C | CALL | TRADE | BEARISH | 03/15/24 | $40.00 | $314.0K | 5.2K | 1.7K |
| AFRM | PUT | SWEEP | BULLISH | 01/19/24 | $25.00 | $42.4K | 8.5K | 1.3K |
| PNC | CALL | SWEEP | BEARISH | 01/19/24 | $135.00 | $126.7K | 1.2K | 542 |
| RILY | PUT | TRADE | BULLISH | 01/19/24 | $27.50 | $86.0K | 4.2K | 265 |
| GS | CALL | TRADE | BEARISH | 11/24/23 | $315.00 | $26.7K | 335 | 247 |
| OSCR | CALL | TRADE | BEARISH | 04/19/24 | $7.50 | $44.2K | 1.0K | 227 |
| SOFI | CALL | TRADE | BULLISH | 01/17/25 | $5.00 | $31.1K | 21.3K | 174 |
| WAL | CALL | TRADE | BEARISH | 01/17/25 | $35.00 | $35.4K | 671 | 20 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For TFC TFC, we notice a put option sweep that happens to be bearish, expiring in 56 day(s) on January 19, 2024. This event was a transfer of 2000 contract(s) at a $25.00 strike. This particular put needed to be split into 28 different trades to become filled. The total cost received by the writing party (or parties) was $40.2K, with a price of $20.0 per contract. There were 4329 open contracts at this strike prior to today, and today 2010 contract(s) were bought and sold.
• Regarding COIN COIN, we observe a put option sweep with neutral sentiment. It expires in 7 day(s) on December 1, 2023. Parties traded 64 contract(s) at a $115.00 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 $25.1K, with a price of $393.0 per contract. There were 136 open contracts at this strike prior to today, and today 1982 contract(s) were bought and sold.
• Regarding C C, we observe a call option trade with bearish sentiment. It expires in 112 day(s) on March 15, 2024. Parties traded 500 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $314.0K, with a price of $628.0 per contract. There were 5255 open contracts at this strike prior to today, and today 1751 contract(s) were bought and sold.
• Regarding AFRM AFRM, we observe a put option sweep with bullish sentiment. It expires in 56 day(s) on January 19, 2024. Parties traded 210 contract(s) at a $25.00 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 $42.4K, with a price of $202.0 per contract. There were 8530 open contracts at this strike prior to today, and today 1371 contract(s) were bought and sold.
• For PNC PNC, we notice a call option sweep that happens to be bearish, expiring in 56 day(s) on January 19, 2024. This event was a transfer of 517 contract(s) at a $135.00 strike. This particular call needed to be split into 67 different trades to become filled. The total cost received by the writing party (or parties) was $126.7K, with a price of $245.0 per contract. There were 1201 open contracts at this strike prior to today, and today 542 contract(s) were bought and sold.
• Regarding RILY RILY, we observe a put option trade with bullish sentiment. It expires in 56 day(s) on January 19, 2024. Parties traded 100 contract(s) at a $27.50 strike. The total cost received by the writing party (or parties) was $86.0K, with a price of $860.0 per contract. There were 4292 open contracts at this strike prior to today, and today 265 contract(s) were bought and sold.
• For GS GS, we notice a call option trade that happens to be bearish, is expiring today. Parties traded 11 contract(s) at a $315.00 strike. The total cost received by the writing party (or parties) was $26.7K, with a price of $2430.0 per contract. There were 335 open contracts at this strike prior to today, and today 247 contract(s) were bought and sold.
• Regarding OSCR OSCR, we observe a call option trade with bearish sentiment. It expires in 147 day(s) on April 19, 2024. Parties traded 227 contract(s) at a $7.50 strike. The total cost received by the writing party (or parties) was $44.2K, with a price of $195.0 per contract. There were 1051 open contracts at this strike prior to today, and today 227 contract(s) were bought and sold.
• Regarding SOFI SOFI, we observe a call option trade with bullish sentiment. It expires in 420 day(s) on January 17, 2025. Parties traded 100 contract(s) at a $5.00 strike. The total cost received by the writing party (or parties) was $31.1K, with a price of $311.0 per contract. There were 21386 open contracts at this strike prior to today, and today 174 contract(s) were bought and sold.
• Regarding WAL WAL, we observe a call option trade with bearish sentiment. It expires in 420 day(s) on January 17, 2025. Parties traded 20 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $35.4K, with a price of $1770.0 per contract. There were 671 open contracts at this strike prior to today, and today 20 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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