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 | BEARISH | 01/03/25 | $420.00 | $28.3K | 7.4K | 31.8K |
PDD | CALL | SWEEP | BULLISH | 01/17/25 | $100.00 | $105.6K | 13.5K | 4.3K |
CVNA | CALL | SWEEP | BEARISH | 01/03/25 | $222.50 | $111.9K | 4.0K | 4.0K |
VIK | CALL | SWEEP | BULLISH | 01/17/25 | $40.00 | $527.5K | 4.5K | 3.5K |
AMZN | CALL | SWEEP | BEARISH | 01/03/25 | $220.00 | $25.7K | 8.9K | 3.0K |
RIVN | PUT | SWEEP | BULLISH | 01/15/27 | $15.00 | $33.9K | 13.5K | 1.5K |
LOW | PUT | SWEEP | NEUTRAL | 03/21/25 | $250.00 | $51.3K | 641 | 659 |
DBI | PUT | SWEEP | BULLISH | 02/21/25 | $6.00 | $47.5K | 0 | 500 |
GME | PUT | TRADE | BEARISH | 01/16/26 | $125.00 | $28.7K | 4.8K | 180 |
SHAK | CALL | SWEEP | BEARISH | 01/17/25 | $133.00 | $30.0K | 1 | 160 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• Regarding TSLA TSLA, we observe a call option sweep with bearish sentiment. It expires in 3 day(s) on January 3, 2025. Parties traded 35 contract(s) at a $420.00 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 $28.3K, with a price of $810.0 per contract. There were 7420 open contracts at this strike prior to today, and today 31837 contract(s) were bought and sold.
• Regarding PDD PDD, we observe a call option sweep with bullish sentiment. It expires in 17 day(s) on January 17, 2025. Parties traded 400 contract(s) at a $100.00 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 $105.6K, with a price of $264.0 per contract. There were 13545 open contracts at this strike prior to today, and today 4352 contract(s) were bought and sold.
• For CVNA CVNA, we notice a call option sweep that happens to be bearish, expiring in 3 day(s) on January 3, 2025. This event was a transfer of 1000 contract(s) at a $222.50 strike. This particular call needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $111.9K, with a price of $111.0 per contract. There were 4081 open contracts at this strike prior to today, and today 4055 contract(s) were bought and sold.
• For VIK VIK, we notice a call option sweep that happens to be bullish, expiring in 17 day(s) on January 17, 2025. This event was a transfer of 1198 contract(s) at a $40.00 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 $527.5K, with a price of $446.0 per contract. There were 4557 open contracts at this strike prior to today, and today 3584 contract(s) were bought and sold.
• For AMZN AMZN, we notice a call option sweep that happens to be bearish, expiring in 3 day(s) on January 3, 2025. This event was a transfer of 100 contract(s) at a $220.00 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 $25.7K, with a price of $257.0 per contract. There were 8911 open contracts at this strike prior to today, and today 3028 contract(s) were bought and sold.
• For RIVN RIVN, we notice a put option sweep that happens to be bullish, expiring in 745 day(s) on January 15, 2027. This event was a transfer of 60 contract(s) at a $15.00 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 $33.9K, with a price of $565.0 per contract. There were 13516 open contracts at this strike prior to today, and today 1576 contract(s) were bought and sold.
• For LOW LOW, we notice a put option sweep that happens to be neutral, expiring in 80 day(s) on March 21, 2025. This event was a transfer of 42 contract(s) at a $250.00 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 $51.3K, with a price of $1222.0 per contract. There were 641 open contracts at this strike prior to today, and today 659 contract(s) were bought and sold.
• Regarding DBI DBI, we observe a put option sweep with bullish sentiment. It expires in 52 day(s) on February 21, 2025. Parties traded 500 contract(s) at a $6.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $47.5K, with a price of $95.0 per contract. There were 0 open contracts at this strike prior to today, and today 500 contract(s) were bought and sold.
• Regarding GME GME, we observe a put option trade with bearish sentiment. It expires in 381 day(s) on January 16, 2026. Parties traded 3 contract(s) at a $125.00 strike. The total cost received by the writing party (or parties) was $28.7K, with a price of $9590.0 per contract. There were 4876 open contracts at this strike prior to today, and today 180 contract(s) were bought and sold.
• For SHAK SHAK, we notice a call option sweep that happens to be bearish, expiring in 17 day(s) on January 17, 2025. This event was a transfer of 51 contract(s) at a $133.00 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 $30.0K, with a price of $590.0 per contract. There were 1 open contracts at this strike prior to today, and today 160 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.
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