"I'm wildly bullish, and I may be dead wrong, but I'm wildly bullish."
As the world zoomed through the pandemic, Zoom Video Communications’ ZM stock took a hit, declining by 15% over the past year and 13.6% year-to-date. Currently trading at a forward P/E of 12.56, well below the sector median of 25.4, the San Jose-based company is …
February 23, 2024 4:50 AM | 2 min read U.S. stock futures were lower this morning, with the Dow futures trading lower by around 25 points on Friday. Shares of Ardelyx, Inc. ARDX fell sharply in today’s pre-market trading after the company reported mixed fourth-quarter …
Today’s session unveils substantial whale activities in the options market, igniting the intrigue of traders hunting for lucrative avenues.
Whales, characterized by their sizable financial footprint, are under the radar of Benzinga’s options activity scanner, which tracks their substantial transactions, delivering valuable insights to traders.
Traders are on the lookout for situations where the market value of an option veers significantly from its normalcy. Intense trading activities can drive option prices to extremes, either overestimating or underestimating their worth.
The following details the options activities taking place in today’s engrossing session:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|
Decoding the significant activity unfolding in today’s options market.
• Unveiling a bearish put option sweep for EMR (Emerson Electric Co.), expiring on June 21, 2024. A transfer of 126 contracts occurred at a $97.50 strike, resulting in a total trade price of $25.8K, with 944 contracts traded today.
• Noticing a bearish sentiment in a call option sweep for WM (Waste Management, Inc.) expiring on March 1, 2024. Parties traded 299 contracts at a $205.00 strike, with a total trade price of $43.3K, and 674 contracts traded today.
• Observing a bearish put option sweep for BLDR (Builders FirstSource, Inc.) expiring on March 15, 2024. A transfer of 438 contracts occurred at a $170.00 strike, amassing a total trade price of $175.2K, with 447 contracts traded today.
• Noting a bearish call option sweep for UBER (Uber Technologies, Inc.) expiring on February 23, 2024. A transfer of 320 contracts happened at a $74.00 strike, yielding a total trade price of $82.5K, with 437 contracts traded today.
• Identifying a bearish put option trade for BA (The Boeing Company) expiring on June 20, 2025. A transfer of 400 contracts occurred at a $135.00 strike, amassing a total trade price of $211.6K, with 400 contracts traded today.
• Recognizing a bearish call option trade for FDX (FedEx Corporation) expiring on March 15, 2024. A transfer of 100 contracts happened at a $240.00 strike, resulting in a total trade price of $52.0K, with 258 contracts traded today.
• Unveiling a bearish put option sweep for UAL (United Airlines Holdings, Inc.) expiring on January 16, 2026. A transfer of 1000 contracts occurred at a $60.00 strike, amassing a total trade price of $60.6K, with 120 contracts traded today.
• Noticing a bearish put option trade for PCTY (Paylocity Holding Corporation) expiring on March 15, 2024. A transfer of 10 contracts happened at a $170.00 strike, resulting in a total trade price of $33.0K, with 77 contracts traded today.
• Recognizing a neutral put option sweep for PAYC (Paycom Software, Inc.) expiring on April 19, 2024. Parties traded 20 contracts at a $185.00 strike, with a total trade price of $39.5K, and 39 contracts traded today.
• Noting a bullish call option sweep for CAR (Avis Budget Group, Inc.) expiring on August 16, 2024. Parties traded 38 contracts at a $110.00 strike, revealing a total trade price of $42.9K, and 29 contracts traded today.
Options Market Buzz 1822 open contracts were observed at a certain strike prior to today, with 258 contracts being bought and sold today. Unconventional Moves for UAL When it comes to UAL, there’s a call option sweep with bearish sentiment expiring in 695 days on …
Jensen Huang’s Vision Nvidia Corp.’s CEO, Jensen Huang, has some bold predictions about the future of AI, claiming that “AI factories” will ultimately dominate every industry and region worldwide. His unwavering confidence is fueled by Nvidia’s 70% market share in AI chips, positioning the company …
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The Reddit community recently engaged in a discussion to identify their top two tech stock picks for the next five years, resulting in the emergence of two significant standouts – NVIDIA Corp and Alphabet Inc. Let’s delve into the compelling insights voiced by the Reddit …