Unusual Options Activity in SeaWorld Entertainment, Inc. (SEAS), Academy Sports and Outdoors, Inc. (ASO), and Brighthouse Financial, Inc. (BHF)

Unusual Options Activity in SeaWorld Entertainment, Inc. (SEAS), Academy Sports and Outdoors, Inc. (ASO), and Brighthouse Financial, Inc. (BHF)
The unusual orders on SEA, amounting to a greater volume than its historical 30-day average.

Unusual Options Activity in SeaWorld Entertainment, Inc. (SEAS)

Today, among the underlying components of the NYSE, we saw unusual or noteworthy options trading volume and activity in SeaWorld Entertainment, Inc. (SEAS), which opened today at $49.17.

There were a total of 4,000 contracts traded on the $51 strike call option at the bid, dated for September 10th, 2021, representing approximately 400,000 shares.

Another 5,000 contracts were traded on the $49 strike call option also at the bid and for the same date, representing another 500,000 shares.

These orders come after SeaWorld Entertainment (SEAS) on Wednesday said that its subsidiary SeaWorld Parks & Entertainment completed its private offering of $725 million of 5.250% senior notes due 2029.

Per below, the bearish premium on $49 strike call option is now the highest amount of premium collected today at $364,580, but behind the premium that had already been collected on the October 15th, 2021 expiration of $2,558,435.

SeaWorld Entertainment, Inc.’s option chains of premium $1,000 or more are broken down by expiration on the left and by strike on the right.

Seen below, these orders now represent the most active chains in SeaWorld Entertainment, Inc.

Unusual Options Activity in Academy Sports and Outdoors, Inc. (ASO)

In the market capitalization-weighted index NASDAQ Global Select Market Composite (NasdaqGS), we saw unusual or noteworthy options trading volume and activity today in Academy Sports and Outdoors, Inc. (ASO), which opened today at $44.50.

There were a total of 10,000 contracts traded on the $45 strike call option at the bid, dated for October 15th, 2021, representing approximately 1,000,000 shares.

Another 5,000 contracts were traded on the $50 strike call option also at the bid and for the same date, representing another 500,000 shares.

These orders come after Academy Sports crossed above the average analyst 12-month target price of $37.00, changing hands for $37.08/share.

Per the chart below, representing ASO’s price since June 22nd, 2021, in blue, call volume, in green, has reached a local high today at 30,248, compared to August 30th, 2021 where it had reached 45,380.  Put volume is in red, remaining comparatively low, and open interest has increased to 150,923 as of yesterday’s close, from its low at 108,722 on August 24th, 2021.

ASO's historical price, in blue, call volume in green, put volume in red, and open interest in yellow.

Unusual Options Activity in Brighthouse Financial, Inc. (BHF)

In the market capitalization-weighted index NASDAQ Global Select Market Composite (NasdaqGS), we saw unusual or noteworthy options trading volume and activity today in Brighthouse Financial, Inc. (BHF), which opened today at $48.88.

There were a total of 2,500 contracts traded on the $65 strike call option at the ask, dated for February 18th, 2022, representing approximately 250,000 shares.

Another 2,500 contracts were traded on the $50 strike call option also at the ask and for the same date, representing another 250,000 shares.  These orders come after Brighthouse Financial, Inc.’s share price closed at a 52-week high August 29th, 2021.

Per the chart below, representing Brighthouse Financial, Inc.’s price since June 22nd, 2021, in blue, call volume, in green, has reached a local high today at 2,500, compared to its historical three day average of 116, or its 30 day average of 986 call volume.  Put volume is in red, remaining comparatively low, and open interest remains at a relative mean of 17,076 as of yesterday’s close.

BHF's historical price, in blue, call volume in green, put volume in red, and open interest in yellow.

For further information on the unusual options activity of SEA, ASO, and BHF, visit unusualwhales.com.