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 often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels.
Here's the list of options activity happening in today's session:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PBR | CALL | TRADE | NEUTRAL | 01/20/23 | $14.00 | $128.0K | 55.6K | 4.5K |
| SLB | CALL | SWEEP | BEARISH | 05/19/23 | $27.50 | $42.1K | 10.9K | 3.3K |
| OVV | PUT | SWEEP | BEARISH | 01/20/23 | $50.00 | $354.0K | 1.4K | 3.0K |
| PSX | CALL | TRADE | NEUTRAL | 11/11/22 | $110.00 | $75.0K | 197 | 1.6K |
| BP | CALL | SWEEP | NEUTRAL | 11/18/22 | $33.00 | $42.9K | 4.5K | 551 |
| DEN | CALL | SWEEP | BEARISH | 11/18/22 | $100.00 | $38.1K | 5.9K | 506 |
| CVX | CALL | TRADE | BEARISH | 03/17/23 | $180.00 | $240.4K | 1.2K | 307 |
| APA | CALL | TRADE | BULLISH | 01/20/23 | $47.50 | $50.8K | 2.3K | 186 |
| EQT | CALL | SWEEP | BEARISH | 06/21/24 | $40.00 | $29.0K | 325 | 155 |
| OXY | PUT | TRADE | BULLISH | 06/16/23 | $90.00 | $96.9K | 787 | 50 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For PBR (NYSE:PBR), we notice a call option trade that happens to be neutral, expiring in 74 day(s) on January 20, 2023. This event was a transfer of 4000 contract(s) at a $14.00 strike. The total cost received by the writing party (or parties) was $128.0K, with a price of $32.0 per contract. There were 55621 open contracts at this strike prior to today, and today 4512 contract(s) were bought and sold.
• Regarding SLB (NYSE:SLB), we observe a call option sweep with bearish sentiment. It expires in 193 day(s) on May 19, 2023. Parties traded 15 contract(s) at a $27.50 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 $42.1K, with a price of $2810.0 per contract. There were 10977 open contracts at this strike prior to today, and today 3394 contract(s) were bought and sold.
• For OVV (NYSE:OVV), we notice a put option sweep that happens to be bearish, expiring in 74 day(s) on January 20, 2023. This event was a transfer of 1000 contract(s) at a $50.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $354.0K, with a price of $356.0 per contract. There were 1475 open contracts at this strike prior to today, and today 3002 contract(s) were bought and sold.
• Regarding PSX (NYSE:PSX), we observe a call option trade with neutral sentiment. It expires in 4 day(s) on November 11, 2022. Parties traded 1500 contract(s) at a $110.00 strike. The total cost received by the writing party (or parties) was $75.0K, with a price of $50.0 per contract. There were 197 open contracts at this strike prior to today, and today 1600 contract(s) were bought and sold.
• For BP (NYSE:BP), we notice a call option sweep that happens to be neutral, expiring in 11 day(s) on November 18, 2022. This event was a transfer of 284 contract(s) at a $33.00 strike. This particular call needed to be split into 30 different trades to become filled. The total cost received by the writing party (or parties) was $42.9K, with a price of $152.0 per contract. There were 4592 open contracts at this strike prior to today, and today 551 contract(s) were bought and sold.
• Regarding DEN (NYSE:DEN), we observe a call option sweep with bearish sentiment. It expires in 11 day(s) on November 18, 2022. Parties traded 144 contract(s) at a $100.00 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 $38.1K, with a price of $265.0 per contract. There were 5990 open contracts at this strike prior to today, and today 506 contract(s) were bought and sold.
• For CVX (NYSE:CVX), we notice a call option trade that happens to be bearish, expiring in 130 day(s) on March 17, 2023. This event was a transfer of 139 contract(s) at a $180.00 strike. The total cost received by the writing party (or parties) was $240.4K, with a price of $1730.0 per contract. There were 1223 open contracts at this strike prior to today, and today 307 contract(s) were bought and sold.
• For APA (NASDAQ:APA), we notice a call option trade that happens to be bullish, expiring in 74 day(s) on January 20, 2023. This event was a transfer of 80 contract(s) at a $47.50 strike. The total cost received by the writing party (or parties) was $50.8K, with a price of $635.0 per contract. There were 2379 open contracts at this strike prior to today, and today 186 contract(s) were bought and sold.
• For EQT (NYSE:EQT), we notice a call option sweep that happens to be bearish, expiring in 592 day(s) on June 21, 2024. This event was a transfer of 20 contract(s) at a $40.00 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 $29.0K, with a price of $1450.0 per contract. There were 325 open contracts at this strike prior to today, and today 155 contract(s) were bought and sold.
• Regarding OXY (NYSE:OXY), we observe a put option trade with bullish sentiment. It expires in 221 day(s) on June 16, 2023. Parties traded 50 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $96.9K, with a price of $1939.0 per contract. There were 787 open contracts at this strike prior to today, and today 50 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.
