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 |
|---|---|---|---|---|---|---|---|---|
| BAC | CALL | SWEEP | BULLISH | 02/17/23 | $38.00 | $25.3K | 4.7K | 927 |
| RWT | CALL | SWEEP | NEUTRAL | 01/20/23 | $7.50 | $26.7K | 10.5K | 666 |
| ARI | PUT | SWEEP | BEARISH | 11/18/22 | $12.50 | $25.0K | 256 | 400 |
| PGR | CALL | SWEEP | BEARISH | 12/16/22 | $140.00 | $34.4K | 13 | 317 |
| GS | CALL | SWEEP | BEARISH | 01/20/23 | $370.00 | $236.2K | 5.4K | 262 |
| KB | PUT | SWEEP | BULLISH | 06/16/23 | $40.00 | $104.5K | 0 | 134 |
| JPM | CALL | SWEEP | BULLISH | 06/16/23 | $140.00 | $47.6K | 2.9K | 121 |
| SCHW | CALL | TRADE | BULLISH | 01/20/23 | $77.50 | $39.2K | 4.2K | 105 |
| BX | PUT | TRADE | BEARISH | 11/25/22 | $88.00 | $27.2K | 71 | 100 |
| MS | CALL | SWEEP | BULLISH | 03/17/23 | $92.50 | $28.5K | 1.6K | 99 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For BAC (NYSE:BAC), we notice a call option sweep that happens to be bullish, expiring in 109 day(s) on February 17, 2023. This event was a transfer of 138 contract(s) at a $38.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $25.3K, with a price of $184.0 per contract. There were 4728 open contracts at this strike prior to today, and today 927 contract(s) were bought and sold.
• Regarding RWT (NYSE:RWT), we observe a call option sweep with neutral sentiment. It expires in 81 day(s) on January 20, 2023. Parties traded 666 contract(s) at a $7.50 strike. This particular call needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $26.7K, with a price of $40.0 per contract. There were 10516 open contracts at this strike prior to today, and today 666 contract(s) were bought and sold.
• For ARI (NYSE:ARI), we notice a put option sweep that happens to be bearish, expiring in 18 day(s) on November 18, 2022. This event was a transfer of 200 contract(s) at a $12.50 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $25.0K, with a price of $125.0 per contract. There were 256 open contracts at this strike prior to today, and today 400 contract(s) were bought and sold.
• Regarding PGR (NYSE:PGR), we observe a call option sweep with bearish sentiment. It expires in 46 day(s) on December 16, 2022. Parties traded 299 contract(s) at a $140.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $34.4K, with a price of $115.0 per contract. There were 13 open contracts at this strike prior to today, and today 317 contract(s) were bought and sold.
• For GS (NYSE:GS), we notice a call option sweep that happens to be bearish, expiring in 81 day(s) on January 20, 2023. This event was a transfer of 250 contract(s) at a $370.00 strike. This particular call needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $236.2K, with a price of $945.0 per contract. There were 5400 open contracts at this strike prior to today, and today 262 contract(s) were bought and sold.
• Regarding KB (NYSE:KB), we observe a put option sweep with bullish sentiment. It expires in 228 day(s) on June 16, 2023. Parties traded 134 contract(s) at a $40.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $104.5K, with a price of $780.0 per contract. There were 0 open contracts at this strike prior to today, and today 134 contract(s) were bought and sold.
• Regarding JPM (NYSE:JPM), we observe a call option sweep with bullish sentiment. It expires in 228 day(s) on June 16, 2023. Parties traded 70 contract(s) at a $140.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $47.6K, with a price of $680.0 per contract. There were 2988 open contracts at this strike prior to today, and today 121 contract(s) were bought and sold.
• For SCHW (NYSE:SCHW), we notice a call option trade that happens to be bullish, expiring in 81 day(s) on January 20, 2023. This event was a transfer of 59 contract(s) at a $77.50 strike. The total cost received by the writing party (or parties) was $39.2K, with a price of $665.0 per contract. There were 4263 open contracts at this strike prior to today, and today 105 contract(s) were bought and sold.
• Regarding BX (NYSE:BX), we observe a put option trade with bearish sentiment. It expires in 25 day(s) on November 25, 2022. Parties traded 100 contract(s) at a $88.00 strike. The total cost received by the writing party (or parties) was $27.2K, with a price of $272.0 per contract. There were 71 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold.
• Regarding MS (NYSE:MS), we observe a call option sweep with bullish sentiment. It expires in 137 day(s) on March 17, 2023. Parties traded 95 contract(s) at a $92.50 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 $28.5K, with a price of $300.0 per contract. There were 1675 open contracts at this strike prior to today, and today 99 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.
