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 | 07/23/21 | $600.00 | $72.0K | 34.1K | 19.8K |
TAL | CALL | SWEEP | BEARISH | 01/20/23 | $70.00 | $38.2K | 10.3K | 11.8K |
XPEV | CALL | SWEEP | BEARISH | 07/23/21 | $40.00 | $27.1K | 2.0K | 3.2K |
EDU | CALL | SWEEP | BULLISH | 06/17/22 | $12.50 | $60.2K | 29.6K | 2.3K |
BABA | PUT | SWEEP | BEARISH | 07/23/21 | $207.50 | $228.9K | 2.1K | 1.5K |
DKNG | PUT | SWEEP | BEARISH | 08/06/21 | $47.00 | $79.5K | 1.3K | 1.0K |
QS | CALL | TRADE | BULLISH | 08/20/21 | $25.00 | $32.0K | 5.8K | 995 |
LAKE | CALL | SWEEP | BULLISH | 08/20/21 | $25.00 | $43.6K | 373 | 726 |
LB | CALL | SWEEP | BEARISH | 07/23/21 | $71.00 | $33.7K | 3 | 325 |
LRN | CALL | TRADE | NEUTRAL | 10/15/21 | $35.00 | $80.0K | 1.9K | 303 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding TSLA TSLA, we observe a put option sweep with bullish sentiment. It expires in 4 day(s) on July 23, 2021. Parties traded 200 contract(s) at a $600.00 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 $72.0K, with a price of $360.0 per contract. There were 34116 open contracts at this strike prior to today, and today 19864 contract(s) were bought and sold.
• For TAL TAL, we notice a call option sweep that happens to be bearish, expiring in 550 day(s) on January 20, 2023. This event was a transfer of 425 contract(s) at a $70.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $38.2K, with a price of $90.0 per contract. There were 10381 open contracts at this strike prior to today, and today 11860 contract(s) were bought and sold.
• Regarding XPEV XPEV, we observe a call option sweep with bearish sentiment. It expires in 4 day(s) on July 23, 2021. Parties traded 331 contract(s) at a $40.00 strike. This particular call needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $27.1K, with a price of $82.0 per contract. There were 2021 open contracts at this strike prior to today, and today 3275 contract(s) were bought and sold.
• For EDU EDU, we notice a call option sweep that happens to be bullish, expiring in 333 day(s) on June 17, 2022. This event was a transfer of 1093 contract(s) at a $12.50 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 $60.2K, with a price of $55.0 per contract. There were 29606 open contracts at this strike prior to today, and today 2368 contract(s) were bought and sold.
• For BABA BABA, we notice a put option sweep that happens to be bearish, expiring in 4 day(s) on July 23, 2021. This event was a transfer of 587 contract(s) at a $207.50 strike. This particular put needed to be split into 26 different trades to become filled. The total cost received by the writing party (or parties) was $228.9K, with a price of $390.0 per contract. There were 2198 open contracts at this strike prior to today, and today 1595 contract(s) were bought and sold.
• For DKNG DKNG, we notice a put option sweep that happens to be bearish, expiring in 18 day(s) on August 6, 2021. This event was a transfer of 204 contract(s) at a $47.00 strike. This particular put needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $79.5K, with a price of $390.0 per contract. There were 1304 open contracts at this strike prior to today, and today 1037 contract(s) were bought and sold.
• Regarding QS QS, we observe a call option trade with bullish sentiment. It expires in 32 day(s) on August 20, 2021. Parties traded 200 contract(s) at a $25.00 strike. The total cost received by the writing party (or parties) was $32.0K, with a price of $160.0 per contract. There were 5877 open contracts at this strike prior to today, and today 995 contract(s) were bought and sold.
• Regarding LAKE LAKE, we observe a call option sweep with bullish sentiment. It expires in 32 day(s) on August 20, 2021. Parties traded 312 contract(s) at a $25.00 strike. This particular call needed to be split into 31 different trades to become filled. The total cost received by the writing party (or parties) was $43.6K, with a price of $140.0 per contract. There were 373 open contracts at this strike prior to today, and today 726 contract(s) were bought and sold.
• Regarding LB LB, we observe a call option sweep with bearish sentiment. It expires in 4 day(s) on July 23, 2021. Parties traded 225 contract(s) at a $71.00 strike. This particular call needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $33.7K, with a price of $150.0 per contract. There were 3 open contracts at this strike prior to today, and today 325 contract(s) were bought and sold.
• Regarding LRN LRN, we observe a call option trade with neutral sentiment. It expires in 88 day(s) on October 15, 2021. Parties traded 291 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $80.0K, with a price of $275.0 per contract. There were 1963 open contracts at this strike prior to today, and today 303 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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