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.
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 |
|---|---|---|---|---|---|---|---|---|
| RF | PUT | SWEEP | BEARISH | 10/21/22 | $20.00 | $64.7K | 1.0K | 7.4K |
| OZK | PUT | SWEEP | BEARISH | 10/21/22 | $40.00 | $26.7K | 932 | 3.5K |
| ALLY | PUT | SWEEP | NEUTRAL | 10/21/22 | $27.00 | $26.0K | 8.1K | 1.6K |
| USB | CALL | TRADE | BEARISH | 03/17/23 | $50.00 | $58.5K | 1.7K | 1.2K |
| MS | PUT | TRADE | NEUTRAL | 01/17/25 | $65.00 | $459.2K | 30 | 550 |
| COIN | PUT | SWEEP | BULLISH | 10/28/22 | $66.00 | $33.3K | 678 | 400 |
| NLY | PUT | SWEEP | BULLISH | 01/19/24 | $27.00 | $98.7K | 350 | 132 |
| CACC | PUT | TRADE | BULLISH | 12/16/22 | $430.00 | $204.1K | 130 | 44 |
| TRV | CALL | TRADE | BULLISH | 11/18/22 | $155.00 | $68.8K | 56 | 40 |
| BX | PUT | SWEEP | BULLISH | 01/17/25 | $70.00 | $28.6K | 10 | 22 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For RF (NYSE:RF), we notice a put option sweep that happens to be bearish, expiring in 1 day(s) on October 21, 2022. This event was a transfer of 1439 contract(s) at a $20.00 strike. This particular put needed to be split into 30 different trades to become filled. The total cost received by the writing party (or parties) was $64.7K, with a price of $45.0 per contract. There were 1037 open contracts at this strike prior to today, and today 7407 contract(s) were bought and sold.
• Regarding OZK (NASDAQ:OZK), we observe a put option sweep with bearish sentiment. It expires in 1 day(s) on October 21, 2022. Parties traded 445 contract(s) at a $40.00 strike. This particular put needed to be split into 28 different trades to become filled. The total cost received by the writing party (or parties) was $26.7K, with a price of $60.0 per contract. There were 932 open contracts at this strike prior to today, and today 3557 contract(s) were bought and sold.
• For ALLY (NYSE:ALLY), we notice a put option sweep that happens to be neutral, expiring in 1 day(s) on October 21, 2022. This event was a transfer of 287 contract(s) at a $27.00 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 $26.0K, with a price of $90.0 per contract. There were 8158 open contracts at this strike prior to today, and today 1608 contract(s) were bought and sold.
• For USB (NYSE:USB), we notice a call option trade that happens to be bearish, expiring in 148 day(s) on March 17, 2023. This event was a transfer of 1220 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $58.5K, with a price of $48.0 per contract. There were 1738 open contracts at this strike prior to today, and today 1220 contract(s) were bought and sold.
• For MS (NYSE:MS), we notice a put option trade that happens to be neutral, expiring in 820 day(s) on January 17, 2025. This event was a transfer of 550 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $459.2K, with a price of $835.0 per contract. There were 30 open contracts at this strike prior to today, and today 550 contract(s) were bought and sold.
• For COIN (NASDAQ:COIN), we notice a put option sweep that happens to be bullish, expiring in 8 day(s) on October 28, 2022. This event was a transfer of 66 contract(s) at a $66.00 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 $33.3K, with a price of $505.0 per contract. There were 678 open contracts at this strike prior to today, and today 400 contract(s) were bought and sold.
• For NLY (NYSE:NLY), we notice a put option sweep that happens to be bullish, expiring in 456 day(s) on January 19, 2024. This event was a transfer of 83 contract(s) at a $27.00 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $98.7K, with a price of $1190.0 per contract. There were 350 open contracts at this strike prior to today, and today 132 contract(s) were bought and sold.
• Regarding CACC (NASDAQ:CACC), we observe a put option trade with bullish sentiment. It expires in 57 day(s) on December 16, 2022. Parties traded 44 contract(s) at a $430.00 strike. The total cost received by the writing party (or parties) was $204.1K, with a price of $4640.0 per contract. There were 130 open contracts at this strike prior to today, and today 44 contract(s) were bought and sold.
• Regarding TRV (NYSE:TRV), we observe a call option trade with bullish sentiment. It expires in 29 day(s) on November 18, 2022. Parties traded 40 contract(s) at a $155.00 strike. The total cost received by the writing party (or parties) was $68.8K, with a price of $1720.0 per contract. There were 56 open contracts at this strike prior to today, and today 40 contract(s) were bought and sold.
• For BX (NYSE:BX), we notice a put option sweep that happens to be bullish, expiring in 820 day(s) on January 17, 2025. This event was a transfer of 22 contract(s) at a $70.00 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 $28.6K, with a price of $1300.0 per contract. There were 10 open contracts at this strike prior to today, and today 22 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.
