This unusual options alert can help traders track potentially big trading opportunities. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Unusual trading activity could push option prices to hyperbolic or underperforming levels.
Below are some instances of unusual 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 | 04/23/21 | $800.00 | $51.6K | 25.8K | 35.1K |
| DRI | CALL | SWEEP | BULLISH | 07/16/21 | $155.00 | $139.2K | 6.8K | 9.2K |
| MAT | CALL | SWEEP | BULLISH | 04/23/21 | $21.00 | $53.8K | 126 | 1.8K |
| JD | PUT | TRADE | BULLISH | 05/21/21 | $80.00 | $134.0K | 4.6K | 1.1K |
| NIO | PUT | SWEEP | BULLISH | 05/21/21 | $35.00 | $144.0K | 12.5K | 1.1K |
| ELY | CALL | SWEEP | BEARISH | 05/21/21 | $31.00 | $84.4K | 2.0K | 1.0K |
| DASH | PUT | SWEEP | BULLISH | 04/23/21 | $150.00 | $179.7K | 112 | 814 |
| BBBY | PUT | SWEEP | BEARISH | 06/18/21 | $28.00 | $263.6K | 41 | 676 |
| DKNG | PUT | SWEEP | BULLISH | 01/21/22 | $55.00 | $302.2K | 1.6K | 349 |
| GNTX | CALL | TRADE | BULLISH | 05/21/21 | $37.50 | $44.4K | 157 | 310 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For TSLA TSLA, we notice a call option sweep that happens to be bearish, expiring in 4 day(s) on April 23, 2021. This event was a transfer of 202 contract(s) at a $800.00 strike. This particular call needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $51.6K, with a price of $255.0 per contract. There were 25872 open contracts at this strike prior to today, and today 35124 contract(s) were bought and sold.
• For DRI DRI, we notice a call option sweep that happens to be bullish, expiring in 88 day(s) on July 16, 2021. This event was a transfer of 211 contract(s) at a $155.00 strike. This particular call needed to be split into 48 different trades to become filled. The total cost received by the writing party (or parties) was $139.2K, with a price of $660.0 per contract. There were 6889 open contracts at this strike prior to today, and today 9282 contract(s) were bought and sold.
• For MAT MAT, we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on April 23, 2021. This event was a transfer of 721 contract(s) at a $21.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $53.8K, with a price of $74.0 per contract. There were 126 open contracts at this strike prior to today, and today 1894 contract(s) were bought and sold.
• Regarding JD JD, we observe a put option trade with bullish sentiment. It expires in 32 day(s) on May 21, 2021. Parties traded 250 contract(s) at a $80.00 strike. The total cost received by the writing party (or parties) was $134.0K, with a price of $536.0 per contract. There were 4633 open contracts at this strike prior to today, and today 1119 contract(s) were bought and sold.
• Regarding NIO NIO, we observe a put option sweep with bullish sentiment. It expires in 32 day(s) on May 21, 2021. Parties traded 500 contract(s) at a $35.00 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 $144.0K, with a price of $288.0 per contract. There were 12577 open contracts at this strike prior to today, and today 1119 contract(s) were bought and sold.
• Regarding ELY ELY, we observe a call option sweep with bearish sentiment. It expires in 32 day(s) on May 21, 2021. Parties traded 1010 contract(s) at a $31.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $84.4K, with a price of $80.0 per contract. There were 2086 open contracts at this strike prior to today, and today 1018 contract(s) were bought and sold.
• Regarding DASH DASH, we observe a put option sweep with bullish sentiment. It expires in 4 day(s) on April 23, 2021. Parties traded 229 contract(s) at a $150.00 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 $179.7K, with a price of $785.0 per contract. There were 112 open contracts at this strike prior to today, and today 814 contract(s) were bought and sold.
• For BBBY BBBY, we notice a put option sweep that happens to be bearish, expiring in 60 day(s) on June 18, 2021. This event was a transfer of 659 contract(s) at a $28.00 strike. This particular put needed to be split into 40 different trades to become filled. The total cost received by the writing party (or parties) was $263.6K, with a price of $400.0 per contract. There were 41 open contracts at this strike prior to today, and today 676 contract(s) were bought and sold.
• Regarding DKNG DKNG, we observe a put option sweep with bullish sentiment. It expires in 277 day(s) on January 21, 2022. Parties traded 292 contract(s) at a $55.00 strike. This particular put needed to be split into 30 different trades to become filled. The total cost received by the writing party (or parties) was $302.2K, with a price of $1035.0 per contract. There were 1688 open contracts at this strike prior to today, and today 349 contract(s) were bought and sold.
• Regarding GNTX GNTX, we observe a call option trade with bullish sentiment. It expires in 32 day(s) on May 21, 2021. Parties traded 946 contract(s) at a $37.50 strike. The total cost received by the writing party (or parties) was $44.4K, with a price of $47.0 per contract. There were 157 open contracts at this strike prior to today, and today 310 contract(s) were bought and sold.
Related content: Benzinga's Full Unusual Options Calendar
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.
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