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.
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 |
---|---|---|---|---|---|---|---|---|
VFC | PUT | SWEEP | BEARISH | 03/21/25 | $10.00 | $48.6K | 191 | 25.2K |
CVNA | PUT | SWEEP | BEARISH | 06/21/24 | $70.00 | $26.7K | 741 | 1.6K |
PLAY | CALL | SWEEP | BEARISH | 01/16/26 | $80.00 | $25.2K | 3.7K | 1.4K |
DNUT | CALL | SWEEP | BEARISH | 08/16/24 | $20.00 | $35.1K | 1.8K | 1.2K |
CZR | CALL | SWEEP | BEARISH | 09/20/24 | $45.00 | $43.0K | 7.6K | 1.0K |
AMZN | PUT | SWEEP | BEARISH | 01/17/25 | $130.00 | $43.0K | 25.5K | 662 |
SN | CALL | SWEEP | BEARISH | 09/20/24 | $60.00 | $35.5K | 6.8K | 584 |
MGM | PUT | SWEEP | BEARISH | 05/17/24 | $45.00 | $27.6K | 139 | 560 |
LULU | CALL | SWEEP | BULLISH | 05/17/24 | $360.00 | $36.0K | 613 | 436 |
JD | CALL | SWEEP | BEARISH | 09/20/24 | $30.00 | $36.8K | 4.1K | 383 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding VFC VFC, we observe a put option sweep with bearish sentiment. It expires in 343 day(s) on March 21, 2025. Parties traded 374 contract(s) at a $10.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $48.6K, with a price of $130.0 per contract. There were 191 open contracts at this strike prior to today, and today 25274 contract(s) were bought and sold.
• Regarding CVNA CVNA, we observe a put option sweep with bearish sentiment. It expires in 70 day(s) on June 21, 2024. Parties traded 30 contract(s) at a $70.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $26.7K, with a price of $890.0 per contract. There were 741 open contracts at this strike prior to today, and today 1665 contract(s) were bought and sold.
• Regarding PLAY PLAY, we observe a call option sweep with bearish sentiment. It expires in 644 day(s) on January 16, 2026. Parties traded 35 contract(s) at a $80.00 strike. This particular call needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $25.2K, with a price of $720.0 per contract. There were 3739 open contracts at this strike prior to today, and today 1423 contract(s) were bought and sold.
• Regarding DNUT DNUT, we observe a call option sweep with bearish sentiment. It expires in 126 day(s) on August 16, 2024. Parties traded 1000 contract(s) at a $20.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $35.1K, with a price of $35.0 per contract. There were 1823 open contracts at this strike prior to today, and today 1217 contract(s) were bought and sold.
• Regarding CZR CZR, we observe a call option sweep with bearish sentiment. It expires in 161 day(s) on September 20, 2024. Parties traded 123 contract(s) at a $45.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $43.0K, with a price of $350.0 per contract. There were 7609 open contracts at this strike prior to today, and today 1099 contract(s) were bought and sold.
• Regarding AMZN AMZN, we observe a put option sweep with bearish sentiment. It expires in 280 day(s) on January 17, 2025. Parties traded 146 contract(s) at a $130.00 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 $43.0K, with a price of $295.0 per contract. There were 25563 open contracts at this strike prior to today, and today 662 contract(s) were bought and sold.
• Regarding SN SN, we observe a call option sweep with bearish sentiment. It expires in 161 day(s) on September 20, 2024. Parties traded 50 contract(s) at a $60.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $35.5K, with a price of $710.0 per contract. There were 6822 open contracts at this strike prior to today, and today 584 contract(s) were bought and sold.
• For MGM MGM, we notice a put option sweep that happens to be bearish, expiring in 35 day(s) on May 17, 2024. This event was a transfer of 85 contract(s) at a $45.00 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 $27.6K, with a price of $325.0 per contract. There were 139 open contracts at this strike prior to today, and today 560 contract(s) were bought and sold.
• Regarding LULU LULU, we observe a call option sweep with bullish sentiment. It expires in 35 day(s) on May 17, 2024. Parties traded 70 contract(s) at a $360.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $36.0K, with a price of $515.0 per contract. There were 613 open contracts at this strike prior to today, and today 436 contract(s) were bought and sold.
• Regarding JD JD, we observe a call option sweep with bearish sentiment. It expires in 161 day(s) on September 20, 2024. Parties traded 200 contract(s) at a $30.00 strike. This particular call needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $36.8K, with a price of $184.0 per contract. There were 4144 open contracts at this strike prior to today, and today 383 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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