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 | PUT | SWEEP | BULLISH | 05/14/21 | $575.00 | $51.9K | 2.4K | 22.8K |
| UA | CALL | TRADE | NEUTRAL | 05/21/21 | $19.00 | $95.2K | 758 | 13.2K |
| NIO | CALL | SWEEP | BULLISH | 05/21/21 | $33.00 | $26.2K | 2.4K | 8.3K |
| GM | CALL | TRADE | BEARISH | 06/18/21 | $62.50 | $117.0K | 7.4K | 4.2K |
| BABA | PUT | TRADE | BULLISH | 05/21/21 | $200.00 | $184.6K | 8.0K | 3.9K |
| LEAF | CALL | TRADE | BEARISH | 12/17/21 | $5.00 | $173.2K | 4.6K | 3.7K |
| NCLH | CALL | SWEEP | BEARISH | 05/21/21 | $28.50 | $55.0K | 5.1K | 3.2K |
| HD | CALL | SWEEP | BEARISH | 06/18/21 | $350.00 | $68.8K | 2.0K | 2.4K |
| PDD | CALL | SWEEP | BEARISH | 05/21/21 | $125.00 | $39.3K | 492 | 2.0K |
| CCL | CALL | TRADE | BULLISH | 05/14/21 | $24.00 | $98.6K | 1.8K | 1.4K |
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, is expiring today. Parties traded 445 contract(s) at a $575.00 strike. This particular put needed to be split into 52 different trades to become filled. The total cost received by the writing party (or parties) was $51.9K, with a price of $115.0 per contract. There were 2472 open contracts at this strike prior to today, and today 22884 contract(s) were bought and sold.
• Regarding UA UA, we observe a call option trade with neutral sentiment. It expires in 7 day(s) on May 21, 2021. Parties traded 2116 contract(s) at a $19.00 strike. The total cost received by the writing party (or parties) was $95.2K, with a price of $45.0 per contract. There were 758 open contracts at this strike prior to today, and today 13250 contract(s) were bought and sold.
• Regarding NIO NIO, we observe a call option sweep with bullish sentiment. It expires in 7 day(s) on May 21, 2021. Parties traded 200 contract(s) at a $33.00 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 $26.2K, with a price of $131.0 per contract. There were 2472 open contracts at this strike prior to today, and today 8301 contract(s) were bought and sold.
• Regarding GM GM, we observe a call option trade with bearish sentiment. It expires in 35 day(s) on June 18, 2021. Parties traded 3000 contract(s) at a $62.50 strike. The total cost received by the writing party (or parties) was $117.0K, with a price of $39.0 per contract. There were 7453 open contracts at this strike prior to today, and today 4216 contract(s) were bought and sold.
• Regarding BABA BABA, we observe a put option trade with bullish sentiment. It expires in 7 day(s) on May 21, 2021. Parties traded 1620 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $184.6K, with a price of $114.0 per contract. There were 8022 open contracts at this strike prior to today, and today 3969 contract(s) were bought and sold.
• Regarding LEAF LEAF, we observe a call option trade with bearish sentiment. It expires in 217 day(s) on December 17, 2021. Parties traded 525 contract(s) at a $5.00 strike. The total cost received by the writing party (or parties) was $173.2K, with a price of $330.0 per contract. There were 4624 open contracts at this strike prior to today, and today 3750 contract(s) were bought and sold.
• Regarding NCLH NCLH, we observe a call option sweep with bearish sentiment. It expires in 7 day(s) on May 21, 2021. Parties traded 715 contract(s) at a $28.50 strike. This particular call needed to be split into 37 different trades to become filled. The total cost received by the writing party (or parties) was $55.0K, with a price of $77.0 per contract. There were 5126 open contracts at this strike prior to today, and today 3244 contract(s) were bought and sold.
• For HD HD, we notice a call option sweep that happens to be bearish, expiring in 35 day(s) on June 18, 2021. This event was a transfer of 444 contract(s) at a $350.00 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 $68.8K, with a price of $155.0 per contract. There were 2047 open contracts at this strike prior to today, and today 2467 contract(s) were bought and sold.
• For PDD PDD, we notice a call option sweep that happens to be bearish, expiring in 7 day(s) on May 21, 2021. This event was a transfer of 358 contract(s) at a $125.00 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 $39.3K, with a price of $110.0 per contract. There were 492 open contracts at this strike prior to today, and today 2007 contract(s) were bought and sold.
• For CCL CCL, we notice a call option trade that happens to be bullish, is expiring today. Parties traded 338 contract(s) at a $24.00 strike. The total cost received by the writing party (or parties) was $98.6K, with a price of $292.0 per contract. There were 1812 open contracts at this strike prior to today, and today 1424 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.
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