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 |
|---|---|---|---|---|---|---|---|---|
| SOFI | PUT | SWEEP | BEARISH | 07/19/24 | $7.00 | $37.2K | 27.6K | 922 |
| BAC | PUT | SWEEP | BEARISH | 08/16/24 | $40.00 | $33.6K | 634 | 533 |
| C | CALL | SWEEP | BULLISH | 07/19/24 | $65.00 | $82.7K | 18.8K | 411 |
| JPM | CALL | SWEEP | NEUTRAL | 07/19/24 | $200.00 | $96.3K | 3.8K | 347 |
| AFRM | CALL | SWEEP | BULLISH | 06/21/24 | $32.50 | $43.1K | 3.3K | 325 |
| LNC | CALL | SWEEP | BEARISH | 05/17/24 | $27.50 | $53.0K | 1.6K | 238 |
| BX | PUT | SWEEP | BEARISH | 01/17/25 | $100.00 | $54.4K | 5.0K | 200 |
| GS | CALL | SWEEP | BULLISH | 05/24/24 | $462.50 | $36.2K | 134 | 118 |
| COF | PUT | SWEEP | BEARISH | 03/21/25 | $135.00 | $27.5K | 13 | 89 |
| COIN | CALL | TRADE | BEARISH | 06/20/25 | $200.00 | $118.8K | 528 | 74 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For SOFI (NASDAQ:SOFI), we notice a put option sweep that happens to be bearish, expiring in 64 day(s) on July 19, 2024. This event was a transfer of 825 contract(s) at a $7.00 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 $37.2K, with a price of $45.0 per contract. There were 27691 open contracts at this strike prior to today, and today 922 contract(s) were bought and sold.
• Regarding BAC (NYSE:BAC), we observe a put option sweep with bearish sentiment. It expires in 92 day(s) on August 16, 2024. Parties traded 170 contract(s) at a $40.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $33.6K, with a price of $198.0 per contract. There were 634 open contracts at this strike prior to today, and today 533 contract(s) were bought and sold.
• For C (NYSE:C), we notice a call option sweep that happens to be bullish, expiring in 64 day(s) on July 19, 2024. This…
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