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 |
|---|---|---|---|---|---|---|---|---|
| AAL | CALL | SWEEP | BEARISH | 12/16/22 | $16.00 | $37.0K | 14.3K | 5.7K |
| JBLU | CALL | SWEEP | BEARISH | 10/28/22 | $7.00 | $62.2K | 6.8K | 5.4K |
| PLUG | PUT | SWEEP | BEARISH | 03/17/23 | $12.50 | $55.4K | 6.2K | 900 |
| HON | PUT | SWEEP | NEUTRAL | 10/28/22 | $195.00 | $132.8K | 2 | 248 |
| TXT | PUT | SWEEP | BEARISH | 01/20/23 | $65.00 | $91.5K | 45 | 215 |
| DE | PUT | TRADE | BULLISH | 01/20/23 | $390.00 | $50.7K | 196 | 183 |
| FDX | PUT | SWEEP | BEARISH | 11/18/22 | $157.50 | $56.5K | 7 | 137 |
| BA | CALL | TRADE | BEARISH | 11/04/22 | $137.00 | $49.0K | 282 | 122 |
| PCAR | PUT | TRADE | BEARISH | 11/18/22 | $95.00 | $26.2K | 79 | 73 |
| GE | PUT | SWEEP | BEARISH | 01/19/24 | $120.00 | $66.3K | 146 | 70 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding AAL (NASDAQ:AAL), we observe a call option sweep with bearish sentiment. It expires in 51 day(s) on December 16, 2022. Parties traded 882 contract(s) at a $16.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $37.0K, with a price of $42.0 per contract. There were 14354 open contracts at this strike prior to today, and today 5708 contract(s) were bought and sold.
• For JBLU (NASDAQ:JBLU), we notice a call option sweep that happens to be bearish, expiring in 2 day(s) on October 28, 2022. This event was a transfer of 1245 contract(s) at a $7.00 strike. This particular call needed to be split into 43 different trades to become filled. The total cost received by the writing party (or parties) was $62.2K, with a price of $50.0 per contract. There were 6891 open contracts at this strike prior to today, and today 5468 contract(s) were bought and sold.
• For PLUG (NASDAQ:PLUG), we notice a put option sweep that happens to be bearish, expiring in 142 day(s) on March 17, 2023. This event was a transfer of 400 contract(s) at a $12.50 strike. This particular put needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $55.4K, with a price of $139.0 per contract. There were 6233 open contracts at this strike prior to today, and today 900 contract(s) were bought and sold.
• For HON (NASDAQ:HON), we notice a put option sweep that happens to be neutral, expiring in 2 day(s) on October 28, 2022. This event was a transfer of 240 contract(s) at a $195.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $132.8K, with a price of $550.0 per contract. There were 2 open contracts at this strike prior to today, and today 248 contract(s) were bought and sold.
• Regarding TXT (NYSE:TXT), we observe a put option sweep with bearish sentiment. It expires in 86 day(s) on January 20, 2023. Parties traded 213 contract(s) at a $65.00 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 $91.5K, with a price of $430.0 per contract. There were 45 open contracts at this strike prior to today, and today 215 contract(s) were bought and sold.
• Regarding DE (NYSE:DE), we observe a put option trade with bullish sentiment. It expires in 86 day(s) on January 20, 2023. Parties traded 21 contract(s) at a $390.00 strike. The total cost received by the writing party (or parties) was $50.7K, with a price of $2415.0 per contract. There were 196 open contracts at this strike prior to today, and today 183 contract(s) were bought and sold.
• Regarding FDX (NYSE:FDX), we observe a put option sweep with bearish sentiment. It expires in 23 day(s) on November 18, 2022. Parties traded 100 contract(s) at a $157.50 strike. This particular put needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $56.5K, with a price of $565.0 per contract. There were 7 open contracts at this strike prior to today, and today 137 contract(s) were bought and sold.
• Regarding BA (NYSE:BA), we observe a call option trade with bearish sentiment. It expires in 9 day(s) on November 4, 2022. Parties traded 100 contract(s) at a $137.00 strike. The total cost received by the writing party (or parties) was $49.0K, with a price of $490.0 per contract. There were 282 open contracts at this strike prior to today, and today 122 contract(s) were bought and sold.
• Regarding PCAR (NASDAQ:PCAR), we observe a put option trade with bearish sentiment. It expires in 23 day(s) on November 18, 2022. Parties traded 73 contract(s) at a $95.00 strike. The total cost received by the writing party (or parties) was $26.2K, with a price of $360.0 per contract. There were 79 open contracts at this strike prior to today, and today 73 contract(s) were bought and sold.
• For GE (NYSE:GE), we notice a put option sweep that happens to be bearish, expiring in 450 day(s) on January 19, 2024. This event was a transfer of 15 contract(s) at a $120.00 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 $66.3K, with a price of $4420.0 per contract. There were 146 open contracts at this strike prior to today, and today 70 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.
