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 | PUT | SWEEP | BULLISH | 10/28/22 | $225.00 | $28.2K | 8.1K | 56.6K |
XPEV | CALL | SWEEP | BULLISH | 10/28/22 | $8.00 | $26.6K | 5.7K | 3.7K |
F | CALL | SWEEP | BULLISH | 10/28/22 | $11.50 | $269.8K | 3.9K | 2.0K |
HOG | CALL | SWEEP | BULLISH | 01/19/24 | $60.00 | $69.0K | 4.3K | 2.0K |
HD | CALL | TRADE | NEUTRAL | 11/18/22 | $290.00 | $40.7K | 2.2K | 628 |
PDD | CALL | TRADE | BULLISH | 12/02/22 | $48.00 | $99.5K | 360 | 361 |
BABA | PUT | TRADE | BULLISH | 12/02/22 | $62.00 | $41.3K | 364 | 303 |
MCD | PUT | SWEEP | BEARISH | 01/20/23 | $240.00 | $76.4K | 5.1K | 288 |
JD | CALL | SWEEP | BULLISH | 06/16/23 | $45.00 | $50.6K | 191 | 278 |
LI | CALL | SWEEP | NEUTRAL | 01/17/25 | $18.00 | $85.1K | 2.2K | 190 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For TSLA TSLA, we notice a put option sweep that happens to be bullish, expiring in 2 day(s) on October 28, 2022. This event was a transfer of 57 contract(s) at a $225.00 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 $28.2K, with a price of $495.0 per contract. There were 8140 open contracts at this strike prior to today, and today 56608 contract(s) were bought and sold.
• Regarding XPEV XPEV, we observe a call option sweep with bullish sentiment. It expires in 2 day(s) on October 28, 2022. Parties traded 807 contract(s) at a $8.00 strike. This particular call needed to be split into 47 different trades to become filled. The total cost received by the writing party (or parties) was $26.6K, with a price of $33.0 per contract. There were 5785 open contracts at this strike prior to today, and today 3786 contract(s) were bought and sold.
• For F F, we notice a call option sweep that happens to be bullish, expiring in 2 day(s) on October 28, 2022. This event was a transfer of 1887 contract(s) at a $11.50 strike. This particular call needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $269.8K, with a price of $143.0 per contract. There were 3919 open contracts at this strike prior to today, and today 2029 contract(s) were bought and sold.
• Regarding HOG HOG, we observe a call option sweep with bullish sentiment. It expires in 450 day(s) on January 19, 2024. Parties traded 230 contract(s) at a $60.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $69.0K, with a price of $300.0 per contract. There were 4324 open contracts at this strike prior to today, and today 2002 contract(s) were bought and sold.
• For HD HD, we notice a call option trade that happens to be neutral, expiring in 23 day(s) on November 18, 2022. This event was a transfer of 37 contract(s) at a $290.00 strike. The total cost received by the writing party (or parties) was $40.7K, with a price of $1100.0 per contract. There were 2256 open contracts at this strike prior to today, and today 628 contract(s) were bought and sold.
• Regarding PDD PDD, we observe a call option trade with bullish sentiment. It expires in 37 day(s) on December 2, 2022. Parties traded 110 contract(s) at a $48.00 strike. The total cost received by the writing party (or parties) was $99.5K, with a price of $905.0 per contract. There were 360 open contracts at this strike prior to today, and today 361 contract(s) were bought and sold.
• Regarding BABA BABA, we observe a put option trade with bullish sentiment. It expires in 37 day(s) on December 2, 2022. Parties traded 140 contract(s) at a $62.00 strike. The total cost received by the writing party (or parties) was $41.3K, with a price of $295.0 per contract. There were 364 open contracts at this strike prior to today, and today 303 contract(s) were bought and sold.
• Regarding MCD MCD, we observe a put option sweep with bearish sentiment. It expires in 86 day(s) on January 20, 2023. Parties traded 161 contract(s) at a $240.00 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 $76.4K, with a price of $475.0 per contract. There were 5154 open contracts at this strike prior to today, and today 288 contract(s) were bought and sold.
• For JD JD, we notice a call option sweep that happens to be bullish, expiring in 233 day(s) on June 16, 2023. This event was a transfer of 75 contract(s) at a $45.00 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 $50.6K, with a price of $675.0 per contract. There were 191 open contracts at this strike prior to today, and today 278 contract(s) were bought and sold.
• Regarding LI LI, we observe a call option sweep with neutral sentiment. It expires in 814 day(s) on January 17, 2025. Parties traded 124 contract(s) at a $18.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $85.1K, with a price of $685.0 per contract. There were 2231 open contracts at this strike prior to today, and today 190 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.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.