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.
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 |
|---|---|---|---|---|---|---|---|---|
| COIN | PUT | SWEEP | NEUTRAL | 11/11/22 | $50.00 | $51.1K | 2.6K | 25.7K |
| SI | PUT | TRADE | BULLISH | 11/18/22 | $40.00 | $45.3K | 726 | 4.6K |
| ORCC | PUT | SWEEP | BEARISH | 12/16/22 | $12.50 | $45.1K | 38.6K | 3.4K |
| GS | PUT | TRADE | BULLISH | 11/11/22 | $350.00 | $44.9K | 868 | 2.6K |
| FRC | PUT | SWEEP | BEARISH | 11/18/22 | $115.00 | $29.8K | 727 | 681 |
| RITM | CALL | TRADE | NEUTRAL | 01/20/23 | $8.00 | $47.5K | 763 | 500 |
| JPM | PUT | SWEEP | NEUTRAL | 01/20/23 | $135.00 | $46.1K | 7.2K | 211 |
| PGR | PUT | TRADE | BULLISH | 02/17/23 | $145.00 | $27.0K | 0 | 134 |
| WFC | CALL | TRADE | BULLISH | 01/17/25 | $37.50 | $137.2K | 59 | 100 |
| C | CALL | TRADE | BEARISH | 06/16/23 | $52.50 | $30.3K | 16.2K | 62 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding COIN (NASDAQ:COIN), we observe a put option sweep with neutral sentiment. It expires in 1 day(s) on November 11, 2022. Parties traded 146 contract(s) at a $50.00 strike. This particular put needed to be split into 59 different trades to become filled. The total cost received by the writing party (or parties) was $51.1K, with a price of $352.0 per contract. There were 2640 open contracts at this strike prior to today, and today 25700 contract(s) were bought and sold.
• For SI (NYSE:SI), we notice a put option trade that happens to be bullish, expiring in 8 day(s) on November 18, 2022. This event was a transfer of 162 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $45.3K, with a price of $280.0 per contract. There were 726 open contracts at this strike prior to today, and today 4660 contract(s) were bought and sold.
• Regarding ORCC (NYSE:ORCC), we observe a put option sweep with bearish sentiment. It expires in 36 day(s) on December 16, 2022. Parties traded 1250 contract(s) at a $12.50 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 $45.1K, with a price of $37.0 per contract. There were 38668 open contracts at this strike prior to today, and today 3415 contract(s) were bought and sold.
• Regarding GS (NYSE:GS), we observe a put option trade with bullish sentiment. It expires in 1 day(s) on November 11, 2022. Parties traded 499 contract(s) at a $350.00 strike. The total cost received by the writing party (or parties) was $44.9K, with a price of $90.0 per contract. There were 868 open contracts at this strike prior to today, and today 2696 contract(s) were bought and sold.
• Regarding FRC (NYSE:FRC), we observe a put option sweep with bearish sentiment. It expires in 8 day(s) on November 18, 2022. Parties traded 62 contract(s) at a $115.00 strike. This particular put needed to be split into 62 different trades to become filled. The total cost received by the writing party (or parties) was $29.8K, with a price of $482.0 per contract. There were 727 open contracts at this strike prior to today, and today 681 contract(s) were bought and sold.
• Regarding RITM (NYSE:RITM), we observe a call option trade with neutral sentiment. It expires in 71 day(s) on January 20, 2023. Parties traded 500 contract(s) at a $8.00 strike. The total cost received by the writing party (or parties) was $47.5K, with a price of $95.0 per contract. There were 763 open contracts at this strike prior to today, and today 500 contract(s) were bought and sold.
• Regarding JPM (NYSE:JPM), we observe a put option sweep with neutral sentiment. It expires in 71 day(s) on January 20, 2023. Parties traded 51 contract(s) at a $135.00 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 $46.1K, with a price of $905.0 per contract. There were 7285 open contracts at this strike prior to today, and today 211 contract(s) were bought and sold.
• For PGR (NYSE:PGR), we notice a put option trade that happens to be bullish, expiring in 99 day(s) on February 17, 2023. This event was a transfer of 15 contract(s) at a $145.00 strike. The total cost received by the writing party (or parties) was $27.0K, with a price of $1800.0 per contract. There were 0 open contracts at this strike prior to today, and today 134 contract(s) were bought and sold.
• Regarding WFC (NYSE:WFC), we observe a call option trade with bullish sentiment. It expires in 799 day(s) on January 17, 2025. Parties traded 90 contract(s) at a $37.50 strike. The total cost received by the writing party (or parties) was $137.2K, with a price of $1525.0 per contract. There were 59 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold.
• For C (NYSE:C), we notice a call option trade that happens to be bearish, expiring in 218 day(s) on June 16, 2023. This event was a transfer of 140 contract(s) at a $52.50 strike. The total cost received by the writing party (or parties) was $30.3K, with a price of $217.0 per contract. There were 16256 open contracts at this strike prior to today, and today 62 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.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
