This unusual options alert can help traders discover the next big trading opportunities. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. Unusual trading activity could push option prices to exaggerated or underestimated levels.
Here's the list of some unusual options activity happening in today's session:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| SOS | CALL | SWEEP | BEARISH | 05/07/21 | $6.00 | $26.7K | 3.1K | 1.0K |
| BGCP | CALL | SWEEP | BULLISH | 04/16/21 | $4.50 | $38.6K | 3.6K | 889 |
| LC | CALL | SWEEP | BEARISH | 04/16/21 | $15.00 | $35.3K | 6.3K | 825 |
| RKT | PUT | SWEEP | BEARISH | 04/23/21 | $20.89 | $26.6K | 434 | 648 |
| GGAL | PUT | SWEEP | BULLISH | 01/21/22 | $7.50 | $72.5K | 1.2K | 500 |
| C | CALL | TRADE | BEARISH | 05/21/21 | $72.50 | $54.0K | 5.4K | 435 |
| GS | CALL | SWEEP | BULLISH | 06/18/21 | $365.00 | $83.4K | 453 | 344 |
| UWMC | CALL | TRADE | BEARISH | 12/17/21 | $10.00 | $48.0K | 8.6K | 53 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding SOS SOS, we observe a call option sweep with bearish sentiment. It expires in 28 day(s) on May 7, 2021. Parties traded 411 contract(s) at a $6.00 strike. This particular call needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $26.7K, with a price of $65.0 per contract. There were 3196 open contracts at this strike prior to today, and today 1013 contract(s) were bought and sold.
• For BGCP BGCP, we notice a call option sweep that happens to be bullish, expiring in 7 day(s) on April 16, 2021. This event was a transfer of 336 contract(s) at a $4.50 strike. This particular call needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $38.6K, with a price of $115.0 per contract. There were 3690 open contracts at this strike prior to today, and today 889 contract(s) were bought and sold.
• Regarding LC LC, we observe a call option sweep with bearish sentiment. It expires in 7 day(s) on April 16, 2021. Parties traded 272 contract(s) at a $15.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $35.3K, with a price of $130.0 per contract. There were 6335 open contracts at this strike prior to today, and today 825 contract(s) were bought and sold.
• For RKT RKT, we notice a put option sweep that happens to be bearish, expiring in 14 day(s) on April 23, 2021. This event was a transfer of 500 contract(s) at a $20.89 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 $26.6K, with a price of $50.0 per contract. There were 434 open contracts at this strike prior to today, and today 648 contract(s) were bought and sold.
• For GGAL GGAL, we notice a put option sweep that happens to be bullish, expiring in 287 day(s) on January 21, 2022. This event was a transfer of 500 contract(s) at a $7.50 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 $72.5K, with a price of $145.0 per contract. There were 1287 open contracts at this strike prior to today, and today 500 contract(s) were bought and sold.
• For C C, we notice a call option trade that happens to be bearish, expiring in 42 day(s) on May 21, 2021. This event was a transfer of 200 contract(s) at a $72.50 strike. The total cost received by the writing party (or parties) was $54.0K, with a price of $270.0 per contract. There were 5498 open contracts at this strike prior to today, and today 435 contract(s) were bought and sold.
• Regarding GS GS, we observe a call option sweep with bullish sentiment. It expires in 70 day(s) on June 18, 2021. Parties traded 201 contract(s) at a $365.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $83.4K, with a price of $415.0 per contract. There were 453 open contracts at this strike prior to today, and today 344 contract(s) were bought and sold.
• For UWMC UWMC, we notice a call option trade that happens to be bearish, expiring in 252 day(s) on December 17, 2021. This event was a transfer of 400 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $48.0K, with a price of $120.0 per contract. There were 8693 open contracts at this strike prior to today, and today 53 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
