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.
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 |
|---|---|---|---|---|---|---|---|---|
| FRC | PUT | SWEEP | BEARISH | 03/31/23 | $5.00 | $25.3K | 10.8K | 38.8K |
| BAC | CALL | SWEEP | BULLISH | 04/14/23 | $31.00 | $41.4K | 2.7K | 3.2K |
| OZK | PUT | SWEEP | BULLISH | 04/21/23 | $30.00 | $28.1K | 4.6K | 1.8K |
| C | PUT | SWEEP | BULLISH | 03/24/23 | $42.50 | $32.0K | 1.1K | 1.7K |
| JPM | CALL | SWEEP | BULLISH | 03/31/23 | $124.00 | $90.2K | 296 | 1.3K |
| NYCB | PUT | SWEEP | BEARISH | 05/19/23 | $9.00 | $56.2K | 2.0K | 1.1K |
| UPST | CALL | SWEEP | BULLISH | 04/21/23 | $16.00 | $31.5K | 130 | 788 |
| TFC | CALL | TRADE | BEARISH | 04/21/23 | $38.00 | $50.3K | 363 | 691 |
| MET | CALL | TRADE | BULLISH | 01/19/24 | $67.50 | $29.6K | 6.7K | 375 |
| TROW | CALL | SWEEP | BULLISH | 04/21/23 | $120.00 | $26.0K | 1.1K | 213 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding FRC (NYSE:FRC), we observe a put option sweep with bearish sentiment. It expires in 7 day(s) on March 31, 2023. Parties traded 423 contract(s) at a $5.00 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 $25.3K, with a price of $60.0 per contract. There were 10836 open contracts at this strike prior to today, and today 38840 contract(s) were bought and sold.
• For BAC (NYSE:BAC), we notice a call option sweep that happens to be bullish, expiring in 21 day(s) on April 14, 2023. This event was a transfer of 3000 contract(s) at a $31.00 strike. This particular call needed to be split into 45 different trades to become filled. The total cost received by the writing party (or parties) was $41.4K, with a price of $14.0 per contract. There were 2711 open contracts at this strike prior to today, and today 3231 contract(s) were bought and sold.
• For OZK (NASDAQ:OZK), we notice a put option sweep that happens to be bullish, expiring in 28 day(s) on April 21, 2023. This event was a transfer of 122 contract(s) at a $30.00 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 $28.1K, with a price of $230.0 per contract. There were 4683 open contracts at this strike prior to today, and today 1878 contract(s) were bought and sold.
• For C (NYSE:C), we notice a put option sweep that happens to be bullish, is expiring today. Parties traded 2275 contract(s) at a $42.50 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $32.0K, with a price of $14.0 per contract. There were 1159 open contracts at this strike prior to today, and today 1731 contract(s) were bought and sold.
• For JPM (NYSE:JPM), we notice a call option sweep that happens to be bullish, expiring in 7 day(s) on March 31, 2023. This event was a transfer of 296 contract(s) at a $124.00 strike. This particular call needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $90.2K, with a price of $305.0 per contract. There were 296 open contracts at this strike prior to today, and today 1372 contract(s) were bought and sold.
• For NYCB (NYSE:NYCB), we notice a put option sweep that happens to be bearish, expiring in 56 day(s) on May 19, 2023. This event was a transfer of 750 contract(s) at a $9.00 strike. This particular put needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $56.2K, with a price of $75.0 per contract. There were 2027 open contracts at this strike prior to today, and today 1183 contract(s) were bought and sold.
• Regarding UPST (NASDAQ:UPST), we observe a call option sweep with bullish sentiment. It expires in 28 day(s) on April 21, 2023. Parties traded 767 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 $31.5K, with a price of $41.0 per contract. There were 130 open contracts at this strike prior to today, and today 788 contract(s) were bought and sold.
• Regarding TFC (NYSE:TFC), we observe a call option trade with bearish sentiment. It expires in 28 day(s) on April 21, 2023. Parties traded 690 contract(s) at a $38.00 strike. The total cost received by the writing party (or parties) was $50.3K, with a price of $73.0 per contract. There were 363 open contracts at this strike prior to today, and today 691 contract(s) were bought and sold.
• For MET (NYSE:MET), we notice a call option trade that happens to be bullish, expiring in 301 day(s) on January 19, 2024. This event was a transfer of 129 contract(s) at a $67.50 strike. The total cost received by the writing party (or parties) was $29.6K, with a price of $230.0 per contract. There were 6727 open contracts at this strike prior to today, and today 375 contract(s) were bought and sold.
• For TROW (NASDAQ:TROW), we notice a call option sweep that happens to be bullish, expiring in 28 day(s) on April 21, 2023. This event was a transfer of 200 contract(s) at a $120.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $26.0K, with a price of $130.0 per contract. There were 1108 open contracts at this strike prior to today, and today 213 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.
