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 |
---|---|---|---|---|---|---|---|---|
TSLA | PUT | TRADE | BEARISH | 05/17/24 | $160.00 | $42.7K | 28.0K | 16.4K |
DKNG | CALL | SWEEP | BULLISH | 05/10/24 | $44.00 | $40.9K | 14.4K | 5.7K |
SBUX | PUT | SWEEP | BEARISH | 06/21/24 | $85.00 | $44.7K | 6.3K | 3.4K |
W | CALL | SWEEP | BULLISH | 06/21/24 | $55.00 | $26.6K | 1.7K | 2.3K |
AMZN | CALL | SWEEP | BEARISH | 01/17/25 | $180.00 | $25.6K | 13.1K | 1.9K |
F | PUT | SWEEP | BEARISH | 04/26/24 | $13.50 | $83.0K | 5.3K | 1.3K |
CPRI | PUT | TRADE | BULLISH | 01/17/25 | $25.00 | $38.0K | 38.8K | 808 |
PDD | CALL | SWEEP | BULLISH | 08/16/24 | $125.00 | $62.1K | 975 | 316 |
GM | PUT | SWEEP | BULLISH | 08/16/24 | $42.00 | $33.4K | 1.0K | 159 |
RL | PUT | TRADE | NEUTRAL | 05/17/24 | $160.00 | $44.0K | 162 | 139 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For TSLA TSLA, we notice a put option trade that happens to be bearish, expiring in 25 day(s) on May 17, 2024. This event was a transfer of 20 contract(s) at a $160.00 strike. The total cost received by the writing party (or parties) was $42.7K, with a price of $2135.0 per contract. There were 28039 open contracts at this strike prior to today, and today 16438 contract(s) were bought and sold.
• Regarding DKNG DKNG, we observe a call option sweep with bullish sentiment. It expires in 18 day(s) on May 10, 2024. Parties traded 272 contract(s) at a $44.00 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 $40.9K, with a price of $151.0 per contract. There were 14416 open contracts at this strike prior to today, and today 5733 contract(s) were bought and sold.
• For SBUX SBUX, we notice a put option sweep that happens to be bearish, expiring in 60 day(s) on June 21, 2024. This event was a transfer of 179 contract(s) at a $85.00 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 $44.7K, with a price of $250.0 per contract. There were 6321 open contracts at this strike prior to today, and today 3451 contract(s) were bought and sold.
• Regarding W W, we observe a call option sweep with bullish sentiment. It expires in 60 day(s) on June 21, 2024. Parties traded 44 contract(s) at a $55.00 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 $26.6K, with a price of $605.0 per contract. There were 1723 open contracts at this strike prior to today, and today 2350 contract(s) were bought and sold.
• For AMZN AMZN, we notice a call option sweep that happens to be bearish, expiring in 270 day(s) on January 17, 2025. This event was a transfer of 12 contract(s) at a $180.00 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 $25.6K, with a price of $2135.0 per contract. There were 13176 open contracts at this strike prior to today, and today 1929 contract(s) were bought and sold.
• For F F, we notice a put option sweep that happens to be bearish, expiring in 4 day(s) on April 26, 2024. This event was a transfer of 1000 contract(s) at a $13.50 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 $83.0K, with a price of $83.0 per contract. There were 5335 open contracts at this strike prior to today, and today 1348 contract(s) were bought and sold.
• Regarding CPRI CPRI, we observe a put option trade with bullish sentiment. It expires in 270 day(s) on January 17, 2025. Parties traded 200 contract(s) at a $25.00 strike. The total cost received by the writing party (or parties) was $38.0K, with a price of $190.0 per contract. There were 38846 open contracts at this strike prior to today, and today 808 contract(s) were bought and sold.
• Regarding PDD PDD, we observe a call option sweep with bullish sentiment. It expires in 116 day(s) on August 16, 2024. Parties traded 52 contract(s) at a $125.00 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 $62.1K, with a price of $1195.0 per contract. There were 975 open contracts at this strike prior to today, and today 316 contract(s) were bought and sold.
• Regarding GM GM, we observe a put option sweep with bullish sentiment. It expires in 116 day(s) on August 16, 2024. Parties traded 152 contract(s) at a $42.00 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 $33.4K, with a price of $220.0 per contract. There were 1066 open contracts at this strike prior to today, and today 159 contract(s) were bought and sold.
• For RL RL, we notice a put option trade that happens to be neutral, expiring in 25 day(s) on May 17, 2024. This event was a transfer of 110 contract(s) at a $160.00 strike. The total cost received by the writing party (or parties) was $44.0K, with a price of $400.0 per contract. There were 162 open contracts at this strike prior to today, and today 139 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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