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.
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 |
|---|---|---|---|---|---|---|---|---|
| TSLA | CALL | SWEEP | BEARISH | 02/09/24 | $187.50 | $25.2K | 4.1K | 16.7K |
| AMZN | CALL | SWEEP | BULLISH | 07/19/24 | $200.00 | $146.5K | 7.6K | 14.0K |
| GM | CALL | SWEEP | BULLISH | 03/15/24 | $40.00 | $98.4K | 8.9K | 1.3K |
| RIVN | PUT | SWEEP | BULLISH | 06/21/24 | $17.50 | $81.0K | 20.2K | 232 |
| NKE | CALL | TRADE | BEARISH | 10/18/24 | $105.00 | $29.5K | 9 | 36 |
| DECK | PUT | SWEEP | NEUTRAL | 02/16/24 | $910.00 | $65.1K | 0 | 30 |
| BABA | CALL | TRADE | BULLISH | 01/16/26 | $75.00 | $27.0K | 4.2K | 27 |
| CVNA | PUT | TRADE | BULLISH | 02/16/24 | $42.50 | $27.0K | 94 | 13 |
| MELI | CALL | TRADE | BULLISH | 02/02/24 | $1520.00 | $25.5K | 1 | 1 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For TSLA TSLA, we notice a call option sweep that happens to be bearish, expiring in 7 day(s) on February 9, 2024. This event was a transfer of 100 contract(s) at a $187.50 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $25.2K, with a price of $252.0 per contract. There were 4157 open contracts at this strike prior to today, and today 16727 contract(s) were bought and sold.
• For AMZN AMZN, we notice a call option sweep that happens to be bullish, expiring in 168 day(s) on July 19, 2024. This event was a transfer of 299 contract(s) at a $200.00 strike. This particular call needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $146.5K, with a price of $490.0 per contract. There were 7670 open contracts at this strike prior to today, and today 14085 contract(s) were bought and sold.
• For GM GM, we notice a call option sweep that happens to be bullish, expiring in 42 day(s) on March 15, 2024. This event was a transfer of 1145 contract(s) at a $40.00 strike. This particular call needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $98.4K, with a price of $86.0 per contract. There were 8909 open contracts at this strike prior to today, and today 1393 contract(s) were bought and sold.
• For RIVN RIVN, we notice a put option sweep that happens to be bullish, expiring in 140 day(s) on June 21, 2024. This event was a transfer of 200 contract(s) at a $17.50 strike. This particular put needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $81.0K, with a price of $405.0 per contract. There were 20273 open contracts at this strike prior to today, and today 232 contract(s) were bought and sold.
• Regarding NKE NKE, we observe a call option trade with bearish sentiment. It expires in 259 day(s) on October 18, 2024. Parties traded 35 contract(s) at a $105.00 strike. The total cost received by the writing party (or parties) was $29.5K, with a price of $845.0 per contract. There were 9 open contracts at this strike prior to today, and today 36 contract(s) were bought and sold.
• For DECK DECK, we notice a put option sweep that happens to be neutral, expiring in 14 day(s) on February 16, 2024. This event was a transfer of 25 contract(s) at a $910.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $65.1K, with a price of $2600.0 per contract. There were 0 open contracts at this strike prior to today, and today 30 contract(s) were bought and sold.
• For BABA BABA, we notice a call option trade that happens to be bullish, expiring in 714 day(s) on January 16, 2026. This event was a transfer of 15 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $27.0K, with a price of $1800.0 per contract. There were 4249 open contracts at this strike prior to today, and today 27 contract(s) were bought and sold.
• For CVNA CVNA, we notice a put option trade that happens to be bullish, expiring in 14 day(s) on February 16, 2024. This event was a transfer of 100 contract(s) at a $42.50 strike. The total cost received by the writing party (or parties) was $27.0K, with a price of $270.0 per contract. There were 94 open contracts at this strike prior to today, and today 13 contract(s) were bought and sold.
• For MELI MELI, we notice a call option trade that happens to be bullish, is expiring today. Parties traded 1 contract(s) at a $1520.00 strike. The total cost received by the writing party (or parties) was $25.5K, with a price of $25500.0 per contract. There were 1 open contracts at this strike prior to today, and today 1 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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