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 Consumer Discretionary sector:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TSLA | CALL | SWEEP | BULLISH | 02/16/24 | $185.00 | $35.0K | 17.6K | 72.6K |
| BYD | PUT | SWEEP | NEUTRAL | 12/19/25 | $35.00 | $190.6K | 5.5K | 2.5K |
| PENN | PUT | SWEEP | BULLISH | 02/23/24 | $21.50 | $80.8K | 105 | 952 |
| BIG | CALL | SWEEP | BULLISH | 03/15/24 | $2.50 | $36.0K | 66 | 323 |
| JD | CALL | TRADE | NEUTRAL | 06/21/24 | $22.50 | $29.0K | 6.1K | 320 |
| DKS | PUT | SWEEP | BEARISH | 09/20/24 | $125.00 | $54.1K | 33 | 16 |
| BKNG | PUT | TRADE | BEARISH | 01/17/25 | $3200.00 | $34.4K | 85 | 15 |
| CMG | CALL | TRADE | BULLISH | 09/20/24 | $2480.00 | $31.8K | 10 | 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 bullish, expiring in 2 day(s) on February 16, 2024. This event was a transfer of 100 contract(s) at a $185.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $35.0K, with a price of $350.0 per contract. There were 17688 open contracts at this strike prior to today, and today 72650 contract(s) were bought and sold.
• Regarding BYD BYD, we observe a put option sweep with neutral sentiment. It expires in 674 day(s) on December 19, 2025. Parties traded 1250 contract(s) at a $35.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $190.6K, with a price of $155.0 per contract. There were 5544 open contracts at this strike prior to today, and today 2500 contract(s) were bought and sold.
• For PENN PENN, we notice a put option sweep that happens to be bullish, expiring in 9 day(s) on February 23, 2024. This event was a transfer of 792 contract(s) at a $21.50 strike. This particular put needed to be split into 43 different trades to become filled. The total cost received by the writing party (or parties) was $80.8K, with a price of $102.0 per contract. There were 105 open contracts at this strike prior to today, and today 952 contract(s) were bought and sold.
• Regarding BIG BIG, we observe a call option sweep with bullish sentiment. It expires in 30 day(s) on March 15, 2024. Parties traded 300 contract(s) at a $2.50 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 $36.0K, with a price of $120.0 per contract. There were 66 open contracts at this strike prior to today, and today 323 contract(s) were bought and sold.
• For JD JD, we notice a call option trade that happens to be neutral, expiring in 128 day(s) on June 21, 2024. This event was a transfer of 100 contract(s) at a $22.50 strike. The total cost received by the writing party (or parties) was $29.0K, with a price of $290.0 per contract. There were 6153 open contracts at this strike prior to today, and today 320 contract(s) were bought and sold.
• Regarding DKS DKS, we observe a put option sweep with bearish sentiment. It expires in 219 day(s) on September 20, 2024. Parties traded 123 contract(s) at a $125.00 strike. This particular put needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $54.1K, with a price of $440.0 per contract. There were 33 open contracts at this strike prior to today, and today 16 contract(s) were bought and sold.
• For BKNG BKNG, we notice a put option trade that happens to be bearish, expiring in 338 day(s) on January 17, 2025. This event was a transfer of 2 contract(s) at a $3200.00 strike. The total cost received by the writing party (or parties) was $34.4K, with a price of $17200.0 per contract. There were 85 open contracts at this strike prior to today, and today 15 contract(s) were bought and sold.
• Regarding CMG CMG, we observe a call option trade with bullish sentiment. It expires in 219 day(s) on September 20, 2024. Parties traded 1 contract(s) at a $2480.00 strike. The total cost received by the writing party (or parties) was $31.8K, with a price of $31800.0 per contract. There were 10 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 about 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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