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 | TRADE | NEUTRAL | 01/19/24 | $32.50 | $640.0K | 1.9K | 4.0K |
| WFC | CALL | TRADE | BULLISH | 01/17/25 | $52.50 | $672.0K | 9.0K | 3.0K |
| JPM | CALL | SWEEP | BEARISH | 01/19/24 | $155.00 | $191.4K | 21.1K | 1.1K |
| SYF | CALL | TRADE | BEARISH | 01/17/25 | $45.00 | $40.0K | 979 | 401 |
| GS | CALL | SWEEP | BULLISH | 12/01/23 | $340.00 | $27.1K | 1.4K | 358 |
| MTB | PUT | SWEEP | BULLISH | 01/19/24 | $120.00 | $56.2K | 315 | 235 |
| AX | PUT | SWEEP | BULLISH | 01/19/24 | $40.00 | $47.2K | 763 | 144 |
| SQ | CALL | TRADE | NEUTRAL | 12/15/23 | $52.50 | $108.0K | 5.7K | 114 |
| SCHW | CALL | SWEEP | BULLISH | 12/15/23 | $52.50 | $43.2K | 1.1K | 101 |
| AXP | CALL | SWEEP | BEARISH | 03/15/24 | $160.00 | $30.0K | 322 | 23 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For TFC TFC, we notice a put option trade that happens to be neutral, expiring in 50 day(s) on January 19, 2024. This event was a transfer of 4000 contract(s) at a $32.50 strike. The total cost received by the writing party (or parties) was $640.0K, with a price of $160.0 per contract. There were 1937 open contracts at this strike prior to today, and today 4003 contract(s) were bought and sold.
• For WFC WFC, we notice a call option trade that happens to be bullish, expiring in 414 day(s) on January 17, 2025. This event was a transfer of 3000 contract(s) at a $52.50 strike. The total cost received by the writing party (or parties) was $672.0K, with a price of $224.0 per contract. There were 9020 open contracts at this strike prior to today, and today 3022 contract(s) were bought and sold.
• Regarding JPM JPM, we observe a call option sweep with bearish sentiment. It expires in 50 day(s) on January 19, 2024. Parties traded 440 contract(s) at a $155.00 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 $191.4K, with a price of $435.0 per contract. There were 21171 open contracts at this strike prior to today, and today 1115 contract(s) were bought and sold.
• Regarding SYF SYF, we observe a call option trade with bearish sentiment. It expires in 414 day(s) on January 17, 2025. Parties traded 400 contract(s) at a $45.00 strike. The total cost received by the writing party (or parties) was $40.0K, with a price of $100.0 per contract. There were 979 open contracts at this strike prior to today, and today 401 contract(s) were bought and sold.
• For GS GS, we notice a call option sweep that happens to be bullish, expiring in 1 day(s) on December 1, 2023. This event was a transfer of 100 contract(s) at a $340.00 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 $27.1K, with a price of $271.0 per contract. There were 1461 open contracts at this strike prior to today, and today 358 contract(s) were bought and sold.
• For MTB MTB, we notice a put option sweep that happens to be bullish, expiring in 50 day(s) on January 19, 2024. This event was a transfer of 220 contract(s) at a $120.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $56.2K, with a price of $256.0 per contract. There were 315 open contracts at this strike prior to today, and today 235 contract(s) were bought and sold.
• For AX AX, we notice a put option sweep that happens to be bullish, expiring in 50 day(s) on January 19, 2024. This event was a transfer of 135 contract(s) at a $40.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $47.2K, with a price of $350.0 per contract. There were 763 open contracts at this strike prior to today, and today 144 contract(s) were bought and sold.
• Regarding SQ SQ, we observe a call option trade with neutral sentiment. It expires in 15 day(s) on December 15, 2023. Parties traded 100 contract(s) at a $52.50 strike. The total cost received by the writing party (or parties) was $108.0K, with a price of $1080.0 per contract. There were 5789 open contracts at this strike prior to today, and today 114 contract(s) were bought and sold.
• For SCHW SCHW, we notice a call option sweep that happens to be bullish, expiring in 15 day(s) on December 15, 2023. This event was a transfer of 50 contract(s) at a $52.50 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 $43.2K, with a price of $865.0 per contract. There were 1146 open contracts at this strike prior to today, and today 101 contract(s) were bought and sold.
• Regarding AXP AXP, we observe a call option sweep with bearish sentiment. It expires in 106 day(s) on March 15, 2024. Parties traded 20 contract(s) at a $160.00 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 $30.0K, with a price of $1502.0 per contract. There were 322 open contracts at this strike prior to today, and today 23 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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