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10 Financials Stocks Whale Activity In Today’s Session – Allstate (NYSE:ALL), Bank of America (NYSE:BAC)



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 Financials sector:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
COIN CALL TRADE BEARISH 12/29/23 $165.00 $25.4K 1.9K 3.3K
RILY PUT TRADE BULLISH 02/16/24 $20.00 $57.6K 16.5K 961
BAC CALL SWEEP BULLISH 12/29/23 $33.00 $36.7K 5.0K 492
WFC CALL SWEEP BEARISH 02/16/24 $52.50 $31.2K 8.7K 441
BX CALL TRADE BULLISH 01/17/25 $110.00 $203.6K 5.1K 374
ALL CALL SWEEP BEARISH 04/19/24 $135.00 $30.0K 230 278
HOOD PUT TRADE BULLISH 06/21/24 $16.00 $38.8K 249 227
GS CALL SWEEP BULLISH 01/19/24 $390.00 $29.7K 2.1K 202
JPM CALL SWEEP BULLISH 06/21/24 $130.00 $102.3K 3.4K 50
UPST CALL TRADE BULLISH 12/29/23 $34.00 $26.4K 144 26

Explanation

These itemized elaborations have been created using the accompanying table.

• Regarding COIN COIN, we observe a call option trade with bearish sentiment. It expires in 3 day(s) on December 29, 2023. Parties traded 20 contract(s) at a $165.00 strike. The total cost received by the writing party (or parties) was $25.4K, with a price of $1270.0 per contract. There were 1949 open contracts at this strike prior to today, and today 3363 contract(s) were bought and sold.

• For RILY RILY, we notice a put option trade that happens to be bullish, expiring in 52 day(s) on February 16, 2024. This event was a transfer of 96 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $57.6K, with a price of $600.0 per contract. There were 16503 open contracts at this strike prior to today, and today 961 contract(s) were bought and sold.

• Regarding BAC BAC, we observe a call option sweep with bullish sentiment. It expires in 3 day(s) on December 29, 2023. Parties traded 399 contract(s) at a $33.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $36.7K, with a price of $92.0 per contract. There were 5025 open contracts at this strike prior to today, and today 492 contract(s) were bought and sold.

• For WFC WFC, we notice a call option sweep that happens to be bearish, expiring in 52 day(s) on February 16, 2024. This event was a transfer of 400 contract(s) at a $52.50 strike. This particular call needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $31.2K, with a price of $78.0 per contract. There were 8752 open contracts at this strike prior to today, and today 441 contract(s) were bought and sold.

• Regarding BX BX, we observe a call option trade with bullish sentiment. It expires in 388 day(s) on January 17, 2025. Parties traded 66 contract(s) at a $110.00 strike. The total cost received by the writing party (or parties) was $203.6K, with a price of $3085.0 per contract. There were 5153 open contracts at this strike prior to today, and today 374 contract(s) were bought and sold.

• For ALL ALL, we notice a call option sweep that happens to be bearish, expiring in 115 day(s) on April 19, 2024. This event was a transfer of 30 contract(s) at a $135.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $30.0K, with a price of $1000.0 per contract. There were 230 open contracts at this strike prior to today, and today 278 contract(s) were bought and sold.

• Regarding HOOD HOOD, we observe a put option trade with bullish sentiment. It expires in 178 day(s) on June 21, 2024. Parties traded 101 contract(s) at a $16.00 strike. The total cost received by the writing party (or parties) was $38.8K, with a price of $385.0 per contract. There were 249 open contracts at this strike prior to today, and today 227 contract(s) were bought and sold.

• Regarding GS GS, we observe a call option sweep with bullish sentiment. It expires in 24 day(s) on January 19, 2024. Parties traded 45 contract(s) at a $390.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $29.7K, with a price of $660.0 per contract. There were 2149 open contracts at this strike prior to today, and today 202 contract(s) were bought and sold.

• Regarding JPM JPM, we observe a call option sweep with bullish sentiment. It expires in 178 day(s) on June 21, 2024. Parties traded 25 contract(s) at a $130.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $102.3K, with a price of $4095.0 per contract. There were 3410 open contracts at this strike prior to today, and today 50 contract(s) were bought and sold.

• For UPST UPST, we notice a call option trade that happens to be bullish, expiring in 3 day(s) on December 29, 2023. This event was a transfer of 25 contract(s) at a $34.00 strike. The total cost received by the writing party (or parties) was $26.4K, with a price of $1059.0 per contract. There were 144 open contracts at this strike prior to today, and today 26 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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