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 Energy sector:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| VLO | CALL | SWEEP | BULLISH | 01/20/23 | $115.00 | $30.8K | 1.7K | 1.3K |
| VTNR | CALL | SWEEP | BEARISH | 01/20/23 | $7.50 | $102.5K | 19.4K | 631 |
| OXY | PUT | SWEEP | BEARISH | 01/20/23 | $72.50 | $201.6K | 2.5K | 415 |
| XOM | CALL | TRADE | BULLISH | 11/18/22 | $105.00 | $34.0K | 15.6K | 368 |
| CHK | CALL | SWEEP | BEARISH | 11/18/22 | $95.00 | $49.5K | 362 | 233 |
| SLB | CALL | SWEEP | BULLISH | 01/20/23 | $40.00 | $38.7K | 19.7K | 171 |
| DVN | CALL | TRADE | BULLISH | 06/16/23 | $75.00 | $53.1K | 536 | 144 |
| CVI | CALL | SWEEP | BEARISH | 12/16/22 | $39.00 | $26.6K | 231 | 136 |
| CVX | CALL | TRADE | BULLISH | 06/16/23 | $200.00 | $29.0K | 3.1K | 87 |
| APA | CALL | SWEEP | BULLISH | 11/18/22 | $42.50 | $30.0K | 3.5K | 65 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding VLO (NYSE:VLO), we observe a call option sweep with bullish sentiment. It expires in 70 day(s) on January 20, 2023. Parties traded 14 contract(s) at a $115.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $30.8K, with a price of $2201.0 per contract. There were 1768 open contracts at this strike prior to today, and today 1312 contract(s) were bought and sold.
• For VTNR (NASDAQ:VTNR), we notice a call option sweep that happens to be bearish, expiring in 70 day(s) on January 20, 2023. This event was a transfer of 500 contract(s) at a $7.50 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $102.5K, with a price of $205.0 per contract. There were 19403 open contracts at this strike prior to today, and today 631 contract(s) were bought and sold.
• For OXY (NYSE:OXY), we notice a put option sweep that happens to be bearish, expiring in 70 day(s) on January 20, 2023. This event was a transfer of 377 contract(s) at a $72.50 strike. This particular put needed to be split into 29 different trades to become filled. The total cost received by the writing party (or parties) was $201.6K, with a price of $535.0 per contract. There were 2575 open contracts at this strike prior to today, and today 415 contract(s) were bought and sold.
• Regarding XOM (NYSE:XOM), we observe a call option trade with bullish sentiment. It expires in 7 day(s) on November 18, 2022. Parties traded 40 contract(s) at a $105.00 strike. The total cost received by the writing party (or parties) was $34.0K, with a price of $852.0 per contract. There were 15667 open contracts at this strike prior to today, and today 368 contract(s) were bought and sold.
• For CHK (NASDAQ:CHK), we notice a call option sweep that happens to be bearish, expiring in 7 day(s) on November 18, 2022. This event was a transfer of 67 contract(s) at a $95.00 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 $49.5K, with a price of $740.0 per contract. There were 362 open contracts at this strike prior to today, and today 233 contract(s) were bought and sold.
• For SLB (NYSE:SLB), we notice a call option sweep that happens to be bullish, expiring in 70 day(s) on January 20, 2023. This event was a transfer of 25 contract(s) at a $40.00 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 $38.7K, with a price of $1550.0 per contract. There were 19742 open contracts at this strike prior to today, and today 171 contract(s) were bought and sold.
• Regarding DVN (NYSE:DVN), we observe a call option trade with bullish sentiment. It expires in 217 day(s) on June 16, 2023. Parties traded 60 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $53.1K, with a price of $885.0 per contract. There were 536 open contracts at this strike prior to today, and today 144 contract(s) were bought and sold.
• Regarding CVI (NYSE:CVI), we observe a call option sweep with bearish sentiment. It expires in 35 day(s) on December 16, 2022. Parties traded 90 contract(s) at a $39.00 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 $26.6K, with a price of $289.0 per contract. There were 231 open contracts at this strike prior to today, and today 136 contract(s) were bought and sold.
• Regarding CVX (NYSE:CVX), we observe a call option trade with bullish sentiment. It expires in 217 day(s) on June 16, 2023. Parties traded 24 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $29.0K, with a price of $1210.0 per contract. There were 3104 open contracts at this strike prior to today, and today 87 contract(s) were bought and sold.
• For APA (NASDAQ:APA), we notice a call option sweep that happens to be bullish, expiring in 7 day(s) on November 18, 2022. This event was a transfer of 50 contract(s) at a $42.50 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 $30.0K, with a price of $600.0 per contract. There were 3575 open contracts at this strike prior to today, and today 65 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.
