5 Financials Stocks With Whale Alerts In Today's Session

Author: Benzinga Insights | January 18, 2024 01:35pm

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
JPM	CALL	SWEEP	BULLISH	02/16/24	$170.00	$25.4K	7.5K	12.5K
PYPL	CALL	SWEEP	BULLISH	02/16/24	$70.00	$172.8K	12.1K	2.9K
MQ	PUT	TRADE	BULLISH	03/15/24	$7.00	$27.7K	12.6K	200
SQ	PUT	SWEEP	NEUTRAL	09/20/24	$60.00	$43.8K	829	194
SCHW	CALL	SWEEP	BEARISH	12/20/24	$60.00	$49.0K	363	53

Explanation

These itemized elaborations have been created using the accompanying table.

• Regarding JPM (NYSE:JPM), we observe a call option sweep with bullish sentiment. It expires in 29 day(s) on February 16, 2024. Parties traded 165 contract(s) at a $170.00 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 $25.4K, with a price of $154.0 per contract. There were 7522 open contracts at this strike prior to today, and today 12523 contract(s) were bought and sold.

• For PYPL (NASDAQ:PYPL), we notice a call option sweep that happens to be bullish, expiring in 29 day(s) on February 16, 2024. This event was a transfer of 1899 contract(s) at a $70.00 strike. This particular call needed to be split into 78 different trades to become filled. The total cost received by the writing party (or parties) was $172.8K, with a price of $91.0 per contract. There were 12115 open contracts at this strike prior to today, and today 2941 contract(s) were bought and sold.

• For MQ (NASDAQ:MQ), we notice a put option trade that happens to be bullish, expiring in 57 day(s) on March 15, 2024. This event was a transfer of 198 contract(s) at a $7.00 strike. The total cost received by the writing party (or parties) was $27.7K, with a price of $140.0 per contract. There were 12607 open contracts at this strike prior to today, and today 200 contract(s) were bought and sold.

• For SQ (NYSE:SQ), we notice a put option sweep that happens to be neutral, expiring in 246 day(s) on September 20, 2024. This event was a transfer of 60 contract(s) at a $60.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $43.8K, with a price of $730.0 per contract. There were 829 open contracts at this strike prior to today, and today 194 contract(s) were bought and sold.

• Regarding SCHW (NYSE:SCHW), we observe a call option sweep with bearish sentiment. It expires in 337 day(s) on December 20, 2024. Parties traded 53 contract(s) at a $60.00 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 $49.0K, with a price of $925.0 per contract. There were 363 open contracts at this strike prior to today, and today 53 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: JPM MQ PYPL SCHW SQ