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.
Below are some instances of options activity happening in the Industrials sector:
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding RKLB (NASDAQ:RKLB), we observe a put option sweep with bearish sentiment. It expires in 567 day(s) on January 16, 2026. Parties traded 700 contract(s) at a $3.00 strike. This particular put needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $42.0K, with a price of $60.0 per contract. There were 19994 open contracts at this strike prior to today, and today 5843 contract(s) were bought and sold.
• Regarding UBER (NYSE:UBER), we observe a call option sweep with bearish sentiment. It expires in 175 day(s) on December 20, 2024. Parties traded 49 contract(s) at a $65.00 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 $63.7K, with a price of $1300.0 per contract. There were 2266 open contracts at this strike prior to today, and today 1910 contract(s) were bought and sold.
• For FDX (NYSE:FDX), we notice a put option sweep that happens to be bullish, expiring in 14 day(s) on July 12, 2024. This event was a transfer of 79 contract(s) at a $300.00 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 $37.9K, with a price of $480.0 per contract. There were 77 open contracts at this strike prior to today, and today 836 contract(s) were bought and sold.
• Regarding ERJ (NYSE:ERJ), we observe a call option sweep with bullish sentiment. It expires in 21 day(s) on July 19, 2024. Parties traded 220 contract(s) at a $25.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $30.8K, with a price of $140.0 per contract. There were 2243 open contracts at this strike prior to today, and today 304 contract(s) were bought and sold.
• For GEV (NYSE:GEV), we notice a put option sweep that happens to be bullish, expiring in 21 day(s) on July 19, 2024. This event was a transfer of 50 contract(s) at a $165.00 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 $25.0K, with a price of $500.0 per contract. There were 823 open contracts at this strike prior to today, and today 174 contract(s) were bought and sold.
• For PWR (NYSE:PWR), we notice a call option trade that happens to be bullish, expiring in 49 day(s) on August 16, 2024. This event was a transfer of 80 contract(s) at a $280.00 strike. The total cost received by the writing party (or parties) was $36.0K, with a price of $450.0 per contract. There were 306 open contracts at this strike prior to today, and today 112 contract(s) were bought and sold.
• Regarding CAR (NASDAQ:CAR), we observe a put option sweep with neutral sentiment. It expires in 49 day(s) on August 16, 2024. Parties traded 75 contract(s) at a $95.00 strike. This particular put needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $41.4K, with a price of $552.0 per contract. There were 1058 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold.
• Regarding ZIM (NYSE:ZIM), we observe a call option trade with bearish sentiment. It expires in 28 day(s) on July 26, 2024. Parties traded 100 contract(s) at a $12.00 strike. The total cost received by the writing party (or parties) was $101.5K, with a price of $1015.0 per contract. There were 1050 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold.
• Regarding FTAI (NASDAQ:FTAI), we observe a call option sweep with bullish sentiment. It expires in 21 day(s) on July 19, 2024. Parties traded 242 contract(s) at a $95.00 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 $220.2K, with a price of $910.0 per contract. There were 4606 open contracts at this strike prior to today, and today 22 contract(s) were bought and sold.
• For TDG (NYSE:TDG), we notice a call option trade that happens to be bearish, expiring in 539 day(s) on December 19, 2025. This event was a transfer of 2 contract(s) at a $1300.00 strike. The total cost received by the writing party (or parties) was $40.8K, with a price of $20400.0 per contract. There were 0 open contracts at this strike prior to today, and today 16 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.
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