10 Energy Stocks Whale Activity In Today's Session

Author: Benzinga Insights | May 31, 2022 02:27pm

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
COP	CALL	TRADE	BEARISH	08/19/22	$125.00	$1.2 million	1.1K	2.5K
DVN	CALL	TRADE	BEARISH	07/15/22	$75.00	$42.3K	7.6K	942
XOM	CALL	SWEEP	NEUTRAL	06/17/22	$95.00	$33.1K	28.2K	748
CVX	CALL	TRADE	BEARISH	08/19/22	$195.00	$80.8K	850	487
HES	CALL	SWEEP	BEARISH	06/17/22	$125.00	$91.5K	482	311
CDEV	CALL	TRADE	BEARISH	01/20/23	$7.00	$25.0K	25.6K	300
HAL	CALL	TRADE	BEARISH	01/20/23	$47.00	$38.5K	1.8K	100
EQT	CALL	TRADE	BEARISH	09/16/22	$42.00	$38.4K	363	41
FANG	CALL	TRADE	BULLISH	01/20/23	$137.65	$33.8K	4.0K	35
PXD	CALL	TRADE	BEARISH	09/16/22	$295.00	$29.2K	2.8K	27

Explanation

These bullet-by-bullet explanations have been constructed using the accompanying table.

• For COP (NYSE:COP), we notice a call option trade that happens to be bearish, expiring in 80 day(s) on August 19, 2022. This event was a transfer of 2500 contract(s) at a $125.00 strike. The total cost received by the writing party (or parties) was $1.2 million, with a price of $500.0 per contract. There were 1128 open contracts at this strike prior to today, and today 2550 contract(s) were bought and sold.

• For DVN (NYSE:DVN), we notice a call option trade that happens to be bearish, expiring in 45 day(s) on July 15, 2022. This event was a transfer of 70 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $42.3K, with a price of $605.0 per contract. There were 7620 open contracts at this strike prior to today, and today 942 contract(s) were bought and sold.

• Regarding XOM (NYSE:XOM), we observe a call option sweep with neutral sentiment. It expires in 17 day(s) on June 17, 2022. Parties traded 65 contract(s) at a $95.00 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 $33.1K, with a price of $510.0 per contract. There were 28208 open contracts at this strike prior to today, and today 748 contract(s) were bought and sold.

• For CVX (NYSE:CVX), we notice a call option trade that happens to be bearish, expiring in 80 day(s) on August 19, 2022. This event was a transfer of 188 contract(s) at a $195.00 strike. The total cost received by the writing party (or parties) was $80.8K, with a price of $430.0 per contract. There were 850 open contracts at this strike prior to today, and today 487 contract(s) were bought and sold.

• Regarding HES (NYSE:HES), we observe a call option sweep with bearish sentiment. It expires in 17 day(s) on June 17, 2022. Parties traded 199 contract(s) at a $125.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $91.5K, with a price of $460.0 per contract. There were 482 open contracts at this strike prior to today, and today 311 contract(s) were bought and sold.

• Regarding CDEV (NASDAQ:CDEV), we observe a call option trade with bearish sentiment. It expires in 234 day(s) on January 20, 2023. Parties traded 100 contract(s) at a $7.00 strike. The total cost received by the writing party (or parties) was $25.0K, with a price of $250.0 per contract. There were 25682 open contracts at this strike prior to today, and today 300 contract(s) were bought and sold.

• Regarding HAL (NYSE:HAL), we observe a call option trade with bearish sentiment. It expires in 234 day(s) on January 20, 2023. Parties traded 100 contract(s) at a $47.00 strike. The total cost received by the writing party (or parties) was $38.5K, with a price of $385.0 per contract. There were 1835 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold.

• For EQT (NYSE:EQT), we notice a call option trade that happens to be bearish, expiring in 108 day(s) on September 16, 2022. This event was a transfer of 40 contract(s) at a $42.00 strike. The total cost received by the writing party (or parties) was $38.4K, with a price of $960.0 per contract. There were 363 open contracts at this strike prior to today, and today 41 contract(s) were bought and sold.

• Regarding FANG (NASDAQ:FANG), we observe a call option trade with bullish sentiment. It expires in 234 day(s) on January 20, 2023. Parties traded 10 contract(s) at a $137.65 strike. The total cost received by the writing party (or parties) was $33.8K, with a price of $3389.0 per contract. There were 4021 open contracts at this strike prior to today, and today 35 contract(s) were bought and sold.

• For PXD (NYSE:PXD), we notice a call option trade that happens to be bearish, expiring in 108 day(s) on September 16, 2022. This event was a transfer of 15 contract(s) at a $295.00 strike. The total cost received by the writing party (or parties) was $29.2K, with a price of $1950.0 per contract. There were 2831 open contracts at this strike prior to today, and today 27 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.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: CDEV COP CVX DVN EQT FANG HAL HES PXD XOM