This unusual options alert can help traders track potentially big trading opportunities. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Unusual trading activity could push option prices to hyperbolic or underperforming levels.
Below are some instances of unusual options activity happening in the Financials sector:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| QD | CALL | TRADE | NEUTRAL | 04/16/21 | $3.00 | $25.3K | 5.6K | 6.9K |
| BAC | CALL | TRADE | BEARISH | 04/01/21 | $40.00 | $37.0K | 4.6K | 5.5K |
| SLM | CALL | TRADE | BEARISH | 03/19/21 | $17.00 | $26.0K | 7.6K | 2.8K |
| WFC | PUT | SWEEP | BEARISH | 05/21/21 | $42.50 | $460.0K | 2.1K | 1.3K |
| TIGR | CALL | SWEEP | BULLISH | 04/16/21 | $22.50 | $51.9K | 8.3K | 1.1K |
| JPM | PUT | SWEEP | BEARISH | 04/16/21 | $140.00 | $31.0K | 2.5K | 1.0K |
| FUTU | PUT | TRADE | BULLISH | 04/01/21 | $120.00 | $66.0K | 915 | 616 |
| IVZ | CALL | SWEEP | BEARISH | 04/16/21 | $26.00 | $45.0K | 915 | 527 |
| GS | PUT | TRADE | BEARISH | 05/21/21 | $330.00 | $228.0K | 236 | 206 |
| SOS | CALL | TRADE | BEARISH | 04/09/21 | $11.50 | $54.0K | 98 | 0 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For QD QD, we notice a call option trade that happens to be neutral, expiring in 28 day(s) on April 16, 2021. This event was a transfer of 846 contract(s) at a $3.00 strike. The total cost received by the writing party (or parties) was $25.3K, with a price of $30.0 per contract. There were 5652 open contracts at this strike prior to today, and today 6904 contract(s) were bought and sold.
• Regarding BAC BAC, we observe a call option trade with bearish sentiment. It expires in 13 day(s) on April 1, 2021. Parties traded 1000 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $37.0K, with a price of $37.0 per contract. There were 4637 open contracts at this strike prior to today, and today 5515 contract(s) were bought and sold.
• For SLM SLM, we notice a call option trade that happens to be bearish, is expiring today. Parties traded 2891 contract(s) at a $17.00 strike. The total cost received by the writing party (or parties) was $26.0K, with a price of $9.0 per contract. There were 7648 open contracts at this strike prior to today, and today 2899 contract(s) were bought and sold.
• Regarding WFC WFC, we observe a put option sweep with bearish sentiment. It expires in 63 day(s) on May 21, 2021. Parties traded 1122 contract(s) at a $42.50 strike. This particular put needed to be split into 57 different trades to become filled. The total cost received by the writing party (or parties) was $460.0K, with a price of $410.0 per contract. There were 2173 open contracts at this strike prior to today, and today 1376 contract(s) were bought and sold.
• Regarding TIGR TIGR, we observe a call option sweep with bullish sentiment. It expires in 28 day(s) on April 16, 2021. Parties traded 200 contract(s) at a $22.50 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $51.9K, with a price of $260.0 per contract. There were 8358 open contracts at this strike prior to today, and today 1143 contract(s) were bought and sold.
• For JPM JPM, we notice a put option sweep that happens to be bearish, expiring in 28 day(s) on April 16, 2021. This event was a transfer of 250 contract(s) at a $140.00 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 $31.0K, with a price of $124.0 per contract. There were 2553 open contracts at this strike prior to today, and today 1047 contract(s) were bought and sold.
• For FUTU FUTU, we notice a put option trade that happens to be bullish, expiring in 13 day(s) on April 1, 2021. This event was a transfer of 200 contract(s) at a $120.00 strike. The total cost received by the writing party (or parties) was $66.0K, with a price of $330.0 per contract. There were 915 open contracts at this strike prior to today, and today 616 contract(s) were bought and sold.
• Regarding IVZ IVZ, we observe a call option sweep with bearish sentiment. It expires in 28 day(s) on April 16, 2021. Parties traded 500 contract(s) at a $26.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $45.0K, with a price of $90.0 per contract. There were 915 open contracts at this strike prior to today, and today 527 contract(s) were bought and sold.
• For GS GS, we notice a put option trade that happens to be bearish, expiring in 63 day(s) on May 21, 2021. This event was a transfer of 200 contract(s) at a $330.00 strike. The total cost received by the writing party (or parties) was $228.0K, with a price of $1140.0 per contract. There were 236 open contracts at this strike prior to today, and today 206 contract(s) were bought and sold.
• Regarding SOS SOS, we observe a call option trade with bearish sentiment. It expires in 21 day(s) on April 9, 2021. Parties traded 900 contract(s) at a $11.50 strike. The total cost received by the writing party (or parties) was $54.0K, with a price of $60.0 per contract. There were 98 open contracts at this strike prior to today, and today 0 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.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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