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 will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated 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 | 09/23/22 | $310.00 | $32.0K | 13.0K | 97.6K |
AMZN | PUT | TRADE | NEUTRAL | 10/07/22 | $125.00 | $306.0K | 1.5K | 2.3K |
RIVN | PUT | TRADE | BEARISH | 09/30/22 | $37.00 | $103.3K | 235 | 1.1K |
AAP | CALL | SWEEP | NEUTRAL | 10/21/22 | $170.00 | $34.2K | 144 | 982 |
CVNA | PUT | TRADE | BEARISH | 10/21/22 | $35.00 | $55.4K | 2.0K | 315 |
MGM | CALL | TRADE | BEARISH | 10/21/22 | $34.00 | $40.1K | 842 | 240 |
WYNN | PUT | SWEEP | BULLISH | 01/19/24 | $62.50 | $63.8K | 644 | 137 |
DG | CALL | SWEEP | BEARISH | 11/18/22 | $250.00 | $74.0K | 558 | 122 |
RCL | CALL | TRADE | BULLISH | 01/19/24 | $65.00 | $39.6K | 2.1K | 105 |
JWN | CALL | SWEEP | BULLISH | 01/19/24 | $22.50 | $40.9K | 332 | 101 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding TSLA TSLA, we observe a call option sweep with bearish sentiment. It expires in 4 day(s) on September 23, 2022. Parties traded 64 contract(s) at a $310.00 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 $32.0K, with a price of $500.0 per contract. There were 13069 open contracts at this strike prior to today, and today 97641 contract(s) were bought and sold.
• Regarding AMZN AMZN, we observe a put option trade with neutral sentiment. It expires in 18 day(s) on October 7, 2022. Parties traded 600 contract(s) at a $125.00 strike. The total cost received by the writing party (or parties) was $306.0K, with a price of $510.0 per contract. There were 1564 open contracts at this strike prior to today, and today 2364 contract(s) were bought and sold.
• Regarding RIVN RIVN, we observe a put option trade with bearish sentiment. It expires in 11 day(s) on September 30, 2022. Parties traded 568 contract(s) at a $37.00 strike. The total cost received by the writing party (or parties) was $103.3K, with a price of $182.0 per contract. There were 235 open contracts at this strike prior to today, and today 1135 contract(s) were bought and sold.
• Regarding AAP AAP, we observe a call option sweep with neutral sentiment. It expires in 32 day(s) on October 21, 2022. Parties traded 65 contract(s) at a $170.00 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 $34.2K, with a price of $528.0 per contract. There were 144 open contracts at this strike prior to today, and today 982 contract(s) were bought and sold.
• For CVNA CVNA, we notice a put option trade that happens to be bearish, expiring in 32 day(s) on October 21, 2022. This event was a transfer of 94 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $55.4K, with a price of $590.0 per contract. There were 2045 open contracts at this strike prior to today, and today 315 contract(s) were bought and sold.
• For MGM MGM, we notice a call option trade that happens to be bearish, expiring in 32 day(s) on October 21, 2022. This event was a transfer of 197 contract(s) at a $34.00 strike. The total cost received by the writing party (or parties) was $40.1K, with a price of $204.0 per contract. There were 842 open contracts at this strike prior to today, and today 240 contract(s) were bought and sold.
• Regarding WYNN WYNN, we observe a put option sweep with bullish sentiment. It expires in 487 day(s) on January 19, 2024. Parties traded 56 contract(s) at a $62.50 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 $63.8K, with a price of $1140.0 per contract. There were 644 open contracts at this strike prior to today, and today 137 contract(s) were bought and sold.
• Regarding DG DG, we observe a call option sweep with bearish sentiment. It expires in 60 day(s) on November 18, 2022. Parties traded 100 contract(s) at a $250.00 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 $74.0K, with a price of $740.0 per contract. There were 558 open contracts at this strike prior to today, and today 122 contract(s) were bought and sold.
• Regarding RCL RCL, we observe a call option trade with bullish sentiment. It expires in 487 day(s) on January 19, 2024. Parties traded 40 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $39.6K, with a price of $990.0 per contract. There were 2119 open contracts at this strike prior to today, and today 105 contract(s) were bought and sold.
• Regarding JWN JWN, we observe a call option sweep with bullish sentiment. It expires in 487 day(s) on January 19, 2024. Parties traded 100 contract(s) at a $22.50 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 $40.9K, with a price of $410.0 per contract. There were 332 open contracts at this strike prior to today, and today 101 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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