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 |
---|---|---|---|---|---|---|---|---|
AMZN | CALL | SWEEP | BEARISH | 02/23/24 | $170.00 | $34.9K | 37.9K | 23.0K |
IRBT | CALL | TRADE | NEUTRAL | 03/01/24 | $15.00 | $35.0K | 738 | 3.5K |
RIVN | PUT | SWEEP | BULLISH | 03/15/24 | $15.00 | $120.8K | 38.9K | 3.0K |
TSLA | CALL | TRADE | BULLISH | 01/17/25 | $200.00 | $37.6K | 33.6K | 1.4K |
BABA | CALL | SWEEP | BULLISH | 04/19/24 | $80.00 | $30.3K | 14.5K | 904 |
WING | PUT | TRADE | BULLISH | 01/17/25 | $250.00 | $66.0K | 23 | 700 |
PLCE | PUT | TRADE | BULLISH | 04/19/24 | $22.00 | $265.0K | 0 | 500 |
VSCO | CALL | SWEEP | BEARISH | 06/21/24 | $31.00 | $59.4K | 104 | 415 |
JD | PUT | SWEEP | BULLISH | 01/17/25 | $20.00 | $97.6K | 6.5K | 411 |
MELI | CALL | TRADE | BEARISH | 02/23/24 | $1900.00 | $31.4K | 76 | 260 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding AMZN AMZN, we observe a call option sweep with bearish sentiment. It expires in 1 day(s) on February 23, 2024. Parties traded 102 contract(s) at a $170.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $34.9K, with a price of $340.0 per contract. There were 37979 open contracts at this strike prior to today, and today 23062 contract(s) were bought and sold.
• Regarding IRBT IRBT, we observe a call option trade with neutral sentiment. It expires in 8 day(s) on March 1, 2024. Parties traded 1000 contract(s) at a $15.00 strike. The total cost received by the writing party (or parties) was $35.0K, with a price of $35.0 per contract. There were 738 open contracts at this strike prior to today, and today 3520 contract(s) were bought and sold.
• For RIVN RIVN, we notice a put option sweep that happens to be bullish, expiring in 22 day(s) on March 15, 2024. This event was a transfer of 337 contract(s) at a $15.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $120.8K, with a price of $358.0 per contract. There were 38973 open contracts at this strike prior to today, and today 3076 contract(s) were bought and sold.
• Regarding TSLA TSLA, we observe a call option trade with bullish sentiment. It expires in 330 day(s) on January 17, 2025. Parties traded 10 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $37.6K, with a price of $3760.0 per contract. There were 33671 open contracts at this strike prior to today, and today 1478 contract(s) were bought and sold.
• Regarding BABA BABA, we observe a call option sweep with bullish sentiment. It expires in 57 day(s) on April 19, 2024. Parties traded 101 contract(s) at a $80.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $30.3K, with a price of $300.0 per contract. There were 14599 open contracts at this strike prior to today, and today 904 contract(s) were bought and sold.
• For WING WING, we notice a put option trade that happens to be bullish, expiring in 330 day(s) on January 17, 2025. This event was a transfer of 50 contract(s) at a $250.00 strike. The total cost received by the writing party (or parties) was $66.0K, with a price of $1320.0 per contract. There were 23 open contracts at this strike prior to today, and today 700 contract(s) were bought and sold.
• Regarding PLCE PLCE, we observe a put option trade with bullish sentiment. It expires in 57 day(s) on April 19, 2024. Parties traded 500 contract(s) at a $22.00 strike. The total cost received by the writing party (or parties) was $265.0K, with a price of $530.0 per contract. There were 0 open contracts at this strike prior to today, and today 500 contract(s) were bought and sold.
• For VSCO VSCO, we notice a call option sweep that happens to be bearish, expiring in 120 day(s) on June 21, 2024. This event was a transfer of 205 contract(s) at a $31.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $59.4K, with a price of $290.0 per contract. There were 104 open contracts at this strike prior to today, and today 415 contract(s) were bought and sold.
• For JD JD, we notice a put option sweep that happens to be bullish, expiring in 330 day(s) on January 17, 2025. This event was a transfer of 400 contract(s) at a $20.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $97.6K, with a price of $245.0 per contract. There were 6537 open contracts at this strike prior to today, and today 411 contract(s) were bought and sold.
• For MELI MELI, we notice a call option trade that happens to be bearish, expiring in 1 day(s) on February 23, 2024. This event was a transfer of 12 contract(s) at a $1900.00 strike. The total cost received by the writing party (or parties) was $31.4K, with a price of $2620.0 per contract. There were 76 open contracts at this strike prior to today, and today 260 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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