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 |
|---|---|---|---|---|---|---|---|---|
| PLUG | CALL | SWEEP | BULLISH | 10/15/21 | $27.00 | $47.3K | 8.1K | 7.6K |
| ZEV | CALL | SWEEP | BULLISH | 01/21/22 | $10.00 | $39.1K | 17.9K | 6.1K |
| MVST | CALL | SWEEP | BEARISH | 11/19/21 | $8.00 | $65.1K | 1.0K | 5.8K |
| UBER | CALL | TRADE | NEUTRAL | 11/19/21 | $50.00 | $36.8K | 28.0K | 1.7K |
| CAT | PUT | TRADE | BULLISH | 01/20/23 | $165.00 | $1.7 million | 459 | 1.2K |
| RUN | CALL | SWEEP | BULLISH | 11/19/21 | $60.00 | $27.4K | 3.2K | 898 |
| BA | CALL | SWEEP | BULLISH | 10/22/21 | $227.50 | $86.0K | 508 | 625 |
| UAL | CALL | SWEEP | BULLISH | 10/22/21 | $52.00 | $44.0K | 676 | 539 |
| STEM | PUT | SWEEP | BEARISH | 11/19/21 | $25.00 | $138.4K | 96 | 355 |
| ZIM | PUT | TRADE | BULLISH | 11/19/21 | $40.00 | $31.0K | 1.6K | 335 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding PLUG (NASDAQ:PLUG), we observe a call option sweep with bullish sentiment. It expires in 3 day(s) on October 15, 2021. Parties traded 222 contract(s) at a $27.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $47.3K, with a price of $212.0 per contract. There were 8130 open contracts at this strike prior to today, and today 7625 contract(s) were bought and sold.
• For ZEV (NYSE:ZEV), we notice a call option sweep that happens to be bullish, expiring in 101 day(s) on January 21, 2022. This event was a transfer of 783 contract(s) at a $10.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $39.1K, with a price of $50.0 per contract. There were 17968 open contracts at this strike prior to today, and today 6117 contract(s) were bought and sold.
• Regarding MVST (NASDAQ:MVST), we observe a call option sweep with bearish sentiment. It expires in 38 day(s) on November 19, 2021. Parties traded 1183 contract(s) at a $8.00 strike. This particular call needed to be split into 44 different trades to become filled. The total cost received by the writing party (or parties) was $65.1K, with a price of $55.0 per contract. There were 1050 open contracts at this strike prior to today, and today 5814 contract(s) were bought and sold.
• For UBER (NYSE:UBER), we notice a call option trade that happens to be neutral, expiring in 38 day(s) on November 19, 2021. This event was a transfer of 241 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $36.8K, with a price of $153.0 per contract. There were 28018 open contracts at this strike prior to today, and today 1793 contract(s) were bought and sold.
• For CAT (NYSE:CAT), we notice a put option trade that happens to be bullish, expiring in 465 day(s) on January 20, 2023. This event was a transfer of 1200 contract(s) at a $165.00 strike. The total cost received by the writing party (or parties) was $1.7 million, with a price of $1430.0 per contract. There were 459 open contracts at this strike prior to today, and today 1248 contract(s) were bought and sold.
• For RUN (NASDAQ:RUN), we notice a call option sweep that happens to be bullish, expiring in 38 day(s) on November 19, 2021. This event was a transfer of 250 contract(s) at a $60.00 strike. This particular call needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $27.4K, with a price of $110.0 per contract. There were 3273 open contracts at this strike prior to today, and today 898 contract(s) were bought and sold.
• For BA (NYSE:BA), we notice a call option sweep that happens to be bullish, expiring in 10 day(s) on October 22, 2021. This event was a transfer of 200 contract(s) at a $227.50 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $86.0K, with a price of $430.0 per contract. There were 508 open contracts at this strike prior to today, and today 625 contract(s) were bought and sold.
• Regarding UAL (NASDAQ:UAL), we observe a call option sweep with bullish sentiment. It expires in 10 day(s) on October 22, 2021. Parties traded 500 contract(s) at a $52.00 strike. This particular call needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $44.0K, with a price of $88.0 per contract. There were 676 open contracts at this strike prior to today, and today 539 contract(s) were bought and sold.
• For STEM (NYSE:STEM), we notice a put option sweep that happens to be bearish, expiring in 38 day(s) on November 19, 2021. This event was a transfer of 355 contract(s) at a $25.00 strike. This particular put needed to be split into 34 different trades to become filled. The total cost received by the writing party (or parties) was $138.4K, with a price of $390.0 per contract. There were 96 open contracts at this strike prior to today, and today 355 contract(s) were bought and sold.
• For ZIM (NYSE:ZIM), we notice a put option trade that happens to be bullish, expiring in 38 day(s) on November 19, 2021. This event was a transfer of 200 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $31.0K, with a price of $155.0 per contract. There were 1622 open contracts at this strike prior to today, and today 335 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.
