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 | PUT | SWEEP | BULLISH | 04/19/24 | $155.00 | $56.1K | 30.5K | 123.2K |
AMZN | CALL | SWEEP | BULLISH | 04/26/24 | $185.00 | $36.0K | 9.7K | 6.1K |
SBUX | CALL | TRADE | BULLISH | 05/17/24 | $90.00 | $43.7K | 10.5K | 3.3K |
CZR | PUT | SWEEP | BEARISH | 05/17/24 | $34.00 | $27.6K | 1.9K | 2.7K |
LEN | PUT | SWEEP | BEARISH | 04/19/24 | $149.00 | $33.2K | 93 | 1.3K |
GPS | PUT | SWEEP | BULLISH | 06/21/24 | $21.00 | $44.2K | 1.3K | 368 |
NKE | PUT | TRADE | BEARISH | 01/17/25 | $95.00 | $30.9K | 3.7K | 309 |
CPNG | CALL | SWEEP | BEARISH | 01/17/25 | $25.00 | $52.0K | 5.2K | 279 |
LI | PUT | SWEEP | BEARISH | 05/17/24 | $40.00 | $28.7K | 5.4K | 114 |
TJX | CALL | TRADE | BULLISH | 01/17/25 | $85.00 | $56.8K | 2.6K | 55 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For TSLA TSLA, we notice a put option sweep that happens to be bullish, expiring in 3 day(s) on April 19, 2024. This event was a transfer of 215 contract(s) at a $155.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $56.1K, with a price of $263.0 per contract. There were 30585 open contracts at this strike prior to today, and today 123274 contract(s) were bought and sold.
• Regarding AMZN AMZN, we observe a call option sweep with bullish sentiment. It expires in 10 day(s) on April 26, 2024. Parties traded 100 contract(s) at a $185.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $36.0K, with a price of $360.0 per contract. There were 9774 open contracts at this strike prior to today, and today 6110 contract(s) were bought and sold.
• Regarding SBUX SBUX, we observe a call option trade with bullish sentiment. It expires in 31 day(s) on May 17, 2024. Parties traded 259 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $43.7K, with a price of $169.0 per contract. There were 10517 open contracts at this strike prior to today, and today 3378 contract(s) were bought and sold.
• Regarding CZR CZR, we observe a put option sweep with bearish sentiment. It expires in 31 day(s) on May 17, 2024. Parties traded 644 contract(s) at a $34.00 strike. This particular put needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $27.6K, with a price of $43.0 per contract. There were 1939 open contracts at this strike prior to today, and today 2785 contract(s) were bought and sold.
• For LEN LEN, we notice a put option sweep that happens to be bearish, expiring in 3 day(s) on April 19, 2024. This event was a transfer of 196 contract(s) at a $149.00 strike. This particular put needed to be split into 28 different trades to become filled. The total cost received by the writing party (or parties) was $33.2K, with a price of $170.0 per contract. There were 93 open contracts at this strike prior to today, and today 1366 contract(s) were bought and sold.
• Regarding GPS GPS, we observe a put option sweep with bullish sentiment. It expires in 66 day(s) on June 21, 2024. Parties traded 202 contract(s) at a $21.00 strike. This particular put needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $44.2K, with a price of $219.0 per contract. There were 1361 open contracts at this strike prior to today, and today 368 contract(s) were bought and sold.
• Regarding NKE NKE, we observe a put option trade with bearish sentiment. It expires in 276 day(s) on January 17, 2025. Parties traded 35 contract(s) at a $95.00 strike. The total cost received by the writing party (or parties) was $30.9K, with a price of $885.0 per contract. There were 3725 open contracts at this strike prior to today, and today 309 contract(s) were bought and sold.
• Regarding CPNG CPNG, we observe a call option sweep with bearish sentiment. It expires in 276 day(s) on January 17, 2025. Parties traded 200 contract(s) at a $25.00 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 $52.0K, with a price of $260.0 per contract. There were 5221 open contracts at this strike prior to today, and today 279 contract(s) were bought and sold.
• For LI LI, we notice a put option sweep that happens to be bearish, expiring in 31 day(s) on May 17, 2024. This event was a transfer of 25 contract(s) at a $40.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $28.7K, with a price of $1150.0 per contract. There were 5425 open contracts at this strike prior to today, and today 114 contract(s) were bought and sold.
• Regarding TJX TJX, we observe a call option trade with bullish sentiment. It expires in 276 day(s) on January 17, 2025. Parties traded 40 contract(s) at a $85.00 strike. The total cost received by the writing party (or parties) was $56.8K, with a price of $1420.0 per contract. There were 2679 open contracts at this strike prior to today, and today 55 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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.