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 Industrials sector:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BA | CALL | SWEEP | BULLISH | 10/21/22 | $135.00 | $27.6K | 3.4K | 1.3K |
| UBER | PUT | SWEEP | BULLISH | 10/21/22 | $27.50 | $66.2K | 26.8K | 419 |
| RUN | CALL | SWEEP | BEARISH | 11/18/22 | $20.00 | $44.8K | 178 | 212 |
| DAL | CALL | TRADE | NEUTRAL | 01/19/24 | $30.00 | $67.5K | 4.1K | 134 |
| ENVX | CALL | TRADE | BEARISH | 01/17/25 | $20.00 | $41.6K | 612 | 122 |
| FAST | PUT | TRADE | BEARISH | 01/17/25 | $42.50 | $57.0K | 0 | 100 |
| FDX | PUT | TRADE | BULLISH | 06/16/23 | $160.00 | $62.4K | 353 | 31 |
| MMM | CALL | SWEEP | NEUTRAL | 11/18/22 | $95.00 | $30.9K | 45 | 16 |
| SWK | PUT | TRADE | NEUTRAL | 01/20/23 | $130.00 | $37.4K | 48 | 7 |
| UNP | PUT | TRADE | BULLISH | 01/19/24 | $225.00 | $25.0K | 264 | 5 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For BA (NYSE:BA), we notice a call option sweep that happens to be bullish, expiring in 7 day(s) on October 21, 2022. This event was a transfer of 94 contract(s) at a $135.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $27.6K, with a price of $294.0 per contract. There were 3420 open contracts at this strike prior to today, and today 1348 contract(s) were bought and sold.
• For UBER (NYSE:UBER), we notice a put option sweep that happens to be bullish, expiring in 7 day(s) on October 21, 2022. This event was a transfer of 250 contract(s) at a $27.50 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $66.2K, with a price of $265.0 per contract. There were 26889 open contracts at this strike prior to today, and today 419 contract(s) were bought and sold.
• Regarding RUN (NASDAQ:RUN), we observe a call option sweep with bearish sentiment. It expires in 35 day(s) on November 18, 2022. Parties traded 130 contract(s) at a $20.00 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 $44.8K, with a price of $345.0 per contract. There were 178 open contracts at this strike prior to today, and today 212 contract(s) were bought and sold.
• For DAL (NYSE:DAL), we notice a call option trade that happens to be neutral, expiring in 462 day(s) on January 19, 2024. This event was a transfer of 85 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $67.5K, with a price of $795.0 per contract. There were 4107 open contracts at this strike prior to today, and today 134 contract(s) were bought and sold.
• Regarding ENVX (NASDAQ:ENVX), we observe a call option trade with bearish sentiment. It expires in 826 day(s) on January 17, 2025. Parties traded 52 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $41.6K, with a price of $800.0 per contract. There were 612 open contracts at this strike prior to today, and today 122 contract(s) were bought and sold.
• For FAST (NASDAQ:FAST), we notice a put option trade that happens to be bearish, expiring in 826 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $42.50 strike. The total cost received by the writing party (or parties) was $57.0K, with a price of $570.0 per contract. There were 0 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold.
• For FDX (NYSE:FDX), we notice a put option trade that happens to be bullish, expiring in 245 day(s) on June 16, 2023. This event was a transfer of 31 contract(s) at a $160.00 strike. The total cost received by the writing party (or parties) was $62.4K, with a price of $2015.0 per contract. There were 353 open contracts at this strike prior to today, and today 31 contract(s) were bought and sold.
• Regarding MMM (NYSE:MMM), we observe a call option sweep with neutral sentiment. It expires in 35 day(s) on November 18, 2022. Parties traded 16 contract(s) at a $95.00 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 $30.9K, with a price of $1933.0 per contract. There were 45 open contracts at this strike prior to today, and today 16 contract(s) were bought and sold.
• Regarding SWK (NYSE:SWK), we observe a put option trade with neutral sentiment. It expires in 98 day(s) on January 20, 2023. Parties traded 7 contract(s) at a $130.00 strike. The total cost received by the writing party (or parties) was $37.4K, with a price of $5346.0 per contract. There were 48 open contracts at this strike prior to today, and today 7 contract(s) were bought and sold.
• Regarding UNP (NYSE:UNP), we observe a put option trade with bullish sentiment. It expires in 462 day(s) on January 19, 2024. Parties traded 6 contract(s) at a $225.00 strike. The total cost received by the writing party (or parties) was $25.0K, with a price of $4170.0 per contract. There were 264 open contracts at this strike prior to today, and today 5 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.
