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 Financials sector:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
PYPL PUT SWEEP BULLISH 03/19/27 $40.00 $153.0K 2.5K 89
HOOD CALL TRADE BEARISH 06/17/27 $80.00 $37.6K 1.6K 44
GS PUT SWEEP BULLISH 03/19/27 $1005.00 $96.9K 24 8
BLK PUT TRADE BEARISH 01/21/28 $900.00 $275.8K 25 0

Explanation

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

• For PYPL (NASDAQ:PYPL), we notice a put option sweep that happens to be bullish, expiring in 205 day(s) on March 19, 2027. This event was a transfer of 303 contract(s) at a $40.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $153.0K, with a price of $505.0 per contract. There were 2551 open contracts at this strike prior to today, and today 89 contract(s) were bought and sold.

• For HOOD (NASDAQ:HOOD), we notice a call option trade that happens to be bearish, expiring in 295 day(s) on June 17, 2027. This event was a transfer of 12 contract(s) at a $80.00 strike. The total cost received by the writing party (or parties) was $37.6K, with a price of $3140.0 per contract. There were 1684 open contracts at this strike prior to today, and today 44 contract(s) were bought and sold.

• Regarding GS (NYSE:GS), we observe a put option sweep with bullish sentiment. It expires in 205 day(s) on March 19, 2027. Parties traded 9 contract(s) at a $1005.00 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 $96.9K, with a price of $10800.0 per contract. There were 24 open contracts at this strike prior to today, and today 8 contract(s) were bought and sold.

• Regarding BLK (NYSE:BLK), we observe a put option trade with bearish sentiment. It expires in 513 day(s) on January 21, 2028. Parties traded 32 contract(s) at a $900.00 strike. The total cost received by the writing party (or parties) was $275.8K, with a price of $8620.0 per contract. There were 25 open contracts at this strike prior to today, and today 0 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, read more about unusual options activity.

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